C000125450 Fees and Costs — Variable Portfolio - Managed Volatility Growth Fund, Class 2
Data updated: 2026-08-28
The net expense ratio is 1.01%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.6M in broker commissions, 0.0148% of average net assets, and portfolio turnover was 184%.
C000125450 Fees and Expenses
Annual operating expenses and sales charges of C000125450. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.18% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.07% |
| Gross expense ratio | 1.01% |
| Fee waiver | — |
| Net expense ratio | 1.01% |
| 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 |
C000125450 Costs Over Time
On $10,000 invested in C000125450, assuming 5% a year before costs, total costs come to $641 over 5 years, cutting the return by 1.08% 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 1.01%) | $106 | $331 | $574 |
| Trading costs (broker commissions) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $108 | $352 | $641 |
| Value after costs | $10,392 | $11,224 | $12,122 |
| Impact on return, per year | 1.08% | 1.08% | 1.08% |
C000125450 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): 0.0148%
- Total broker commissions: $1.6M
- Bought from dealers (principal trades, not a cost): $25.5B
- Portfolio turnover (prospectus): 184%
- Securities lending: none during the year
C000125450 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $631K | 38.26% |
| Jane Street Execution Services, LLC | $478K | 28.97% |
| J.P. Morgan Securities LLC | $328K | 19.90% |
| Morgan Stanley & Co. LLC | $133K | 8.07% |
| Wells Fargo Securities, LLC | $67K | 4.04% |
| Barclays Capital Inc. | $8K | 0.45% |
| Citigroup Global Markets Inc. | $4K | 0.25% |
| UBS Securities LLC | $600 | 0.04% |
C000125450 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $9.9B | 38.93% |
| Morgan Stanley & Co. LLC | $4.1B | 16.12% |
| Goldman Sachs & Co. LLC | $3.7B | 14.64% |
| Citigroup Global Markets Inc. | $2.7B | 10.75% |
| Barclays Capital Inc. | $2.5B | 9.67% |
| J.P. Morgan Securities LLC | $2.0B | 7.78% |
| BMO Capital Markets Corp. | $537.6M | 2.11% |
Variable Portfolio - Managed Volatility 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 |
|---|---|---|---|
| C000205759 | Class 1 | 0.76% | — |
| C000125450 | Class 2 | 1.01% | — |
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.