Everything I've found seems to indicate that in order to export a vertex animation a point cache file must also be generated, but that means in addition to the FBX file a whole new folder with that cache data must also be built. Is there no way to store the (vertex) animation data entirely in the FBX file?
That's correct. The FBX stores the mesh/topology, and the point cache stores the offsets of the vertices over time.
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