C000021423 Fees and Costs — AVIP BlackRock Advantage Small Cap Growth Portfolio, Class I
Data updated: 2026-08-26
The net expense ratio is 0.92%: a 0.77% management fee plus 0.15% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $98K in broker commissions, 0.0764% of average net assets, and portfolio turnover was 131%.
C000021423 Fees and Expenses
Annual operating expenses and sales charges of C000021423. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.77% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.15% |
| Gross expense ratio | 0.92% |
| Fee waiver | — |
| Net expense ratio | 0.92% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000021423 Costs Over Time
On $10,000 invested in C000021423, assuming 5% a year before costs, total costs come to $623 over 5 years, cutting the return by 1.05% 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 0.92%) | $97 | $301 | $523 |
| Trading costs (broker commissions) | $8 | $25 | $43 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $105 | $343 | $623 |
| Value after costs | $10,395 | $11,234 | $12,140 |
| Impact on return, per year | 1.05% | 1.05% | 1.05% |
C000021423 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0764%
- Total broker commissions: $98K
- Bought from dealers (principal trades, not a cost): $349.6M
- Portfolio turnover (prospectus): 131%
- Securities lending: none during the year
C000021423 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $10K | 12.64% |
| GOLDMAN SACHS + CO LLC | $10K | 11.97% |
| CITIGROUP GLOBAL MARKETS INC | $9K | 11.47% |
| MORGAN STANLEY CO INCORPORATED | $9K | 11.36% |
| UBS SECURITIES LLC | $8K | 10.40% |
| COWEN AND COMPANY, LLC | $8K | 9.51% |
| BARCLAYS CAPITAL INC./LE | $8K | 9.50% |
| J.P. MORGAN SECURITIES LLC | $7K | 9.04% |
| JEFFERIES LLC | $6K | 7.61% |
| BNP PARIBAS PRIME BROKERAGE, INC. | $5K | 6.50% |
C000021423 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $41.3M | 13.37% |
| CITIGROUP GLOBAL MARKETS INC | $40.5M | 13.12% |
| MORGAN STANLEY CO INCORPORATED | $38.6M | 12.51% |
| UBS SECURITIES LLC | $34.6M | 11.21% |
| J.P. MORGAN SECURITIES LLC | $31.7M | 10.26% |
| BARCLAYS CAPITAL INC./LE | $31.3M | 10.13% |
| GOLDMAN SACHS + CO LLC | $31.2M | 10.10% |
| BNP PARIBAS PRIME BROKERAGE, INC. | $31.0M | 10.05% |
| COWEN AND COMPANY, LLC | $16.2M | 5.25% |
| JEFFERIES LLC | $12.4M | 4.01% |
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.