APTIX Fees and Costs — VP Inflation Protection Fund, Class I
Data updated: 2024-05-29
The net expense ratio is 0.52%: a 0.46% management fee plus 0.06% other expenses. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $17K in broker commissions, 0.0028% of average net assets, and portfolio turnover was 86%.
APTIX Fees and Expenses
Annual operating expenses and sales charges of APTIX. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.46% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.06% |
| Gross expense ratio | 0.52% |
| Fee waiver | — |
| Net expense ratio | 0.52% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
APTIX Costs Over Time
On $10,000 invested in APTIX, assuming 5% a year before costs, total costs come to $330 over 5 years, cutting the return by 0.55% 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 0.52%) | $55 | $171 | $298 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $8 | $30 |
| Total costs | $55 | $181 | $330 |
| Value after costs | $10,445 | $11,396 | $12,433 |
| Impact on return, per year | 0.55% | 0.55% | 0.55% |
APTIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0028%
- Total broker commissions: $17K
- Bought from dealers (principal trades, not a cost): $7.2B
- Portfolio turnover (prospectus): 86%
- Securities lending: none during the year
APTIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Bank of America Merrill Lynch | $17K | 100.00% |
APTIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets | $3.0B | 43.22% |
| J.P. Morgan Securities | $1.4B | 20.69% |
| Bank of America Merrill Lynch | $1.0B | 14.76% |
| BMO Capital Markets | $905.7M | 12.96% |
| Goldman Sachs | $143.6M | 2.06% |
| Wells Fargo Securities | $124.2M | 1.78% |
| Citigroup Capital Markets Inc | $124.1M | 1.78% |
| Barclays Capital | $71.6M | 1.02% |
| UBS Warburg | $69.4M | 0.99% |
| Credit Lyonnais | $52.3M | 0.75% |
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.