VYSVX Fees and Costs — Vericimetry U.S. Small Cap Value Fund
Data updated: 2026-08-31
The net expense ratio is 0.61%: a 0.50% management fee plus 0.15% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $25K in broker commissions, 0.0139% of average net assets, and portfolio turnover was 41%.
VYSVX Fees and Expenses
Annual operating expenses and sales charges of VYSVX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.15% |
| Gross expense ratio | 0.66% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.61% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
VYSVX Costs Over Time
On $10,000 invested in VYSVX, assuming 5% a year before costs, total costs come to $393 over 5 years, cutting the return by 0.66% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.61%) | $64 | $201 | $349 |
| Trading costs (broker commissions) | $1 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $66 | $215 | $393 |
| Value after costs | $10,434 | $11,361 | $12,370 |
| Impact on return, per year | 0.66% | 0.66% | 0.66% |
VYSVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0139%
- Total broker commissions: $25K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 41%
- Securities on loan, average value: $2.2M
- Net income from securities lending: $7K (0.004% of average net assets)
VYSVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $23K | 94.96% |
| INTERACTIVE BROKERS CORP. | $1K | 5.04% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.