C000125449 Fees and Costs — Variable Portfolio - Managed Volatility Conservative Growth Fund, Class 2
Data updated: 2026-08-28
The net expense ratio is 0.97%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $95K in broker commissions, 0.0084% of average net assets, and portfolio turnover was 183%.
C000125449 Fees and Expenses
Annual operating expenses and sales charges of C000125449. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.21% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.97% |
| Fee waiver | — |
| Net expense ratio | 0.97% |
| 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 |
C000125449 Costs Over Time
On $10,000 invested in C000125449, assuming 5% a year before costs, total costs come to $612 over 5 years, cutting the return by 1.03% 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 0.97%) | $102 | $318 | $551 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $103 | $336 | $612 |
| Value after costs | $10,397 | $11,240 | $12,151 |
| Impact on return, per year | 1.03% | 1.03% | 1.03% |
C000125449 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): 0.0084%
- Total broker commissions: $95K
- Bought from dealers (principal trades, not a cost): $2.9B
- Portfolio turnover (prospectus): 183%
- Securities lending: none during the year
C000125449 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $34K | 35.57% |
| Jane Street Execution Services, LLC | $28K | 29.12% |
| J.P. Morgan Securities LLC | $21K | 22.66% |
| Morgan Stanley & Co. LLC | $6K | 6.45% |
| Wells Fargo Securities, LLC | $4K | 4.21% |
| Barclays Capital Inc. | $888 | 0.94% |
| UBS Securities LLC | $640 | 0.68% |
| Citigroup Global Markets Inc. | $180 | 0.19% |
| Susquehanna Financial Group, LLLP | $174 | 0.18% |
C000125449 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $1.3B | 44.71% |
| Morgan Stanley & Co. LLC | $535.7M | 18.48% |
| Citigroup Global Markets Inc. | $389.0M | 13.42% |
| Goldman Sachs & Co. LLC | $246.6M | 8.51% |
| J.P. Morgan Securities LLC | $220.8M | 7.62% |
| Barclays Capital Inc. | $180.3M | 6.22% |
| BMO Capital Markets Corp. | $30.0M | 1.04% |
Variable Portfolio - Managed Volatility Conservative Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000206836 | Class 1 | 0.72% | — |
| C000125449 | Class 2 | 0.97% | — |
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.