C000131493 Fees and Costs — 1290 VT Convertible Securities Portfolio, Class K
Data updated: 2026-08-25
The net expense ratio is 0.65%: a 0.50% management fee plus 0.38% other expenses, less a 0.23% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $8 in broker commissions, and portfolio turnover was 40%.
C000131493 Fees and Expenses
Annual operating expenses and sales charges of C000131493. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.38% |
| Gross expense ratio | 0.88% |
| Fee waiver | −0.23% |
| Net expense ratio | 0.65% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000131493 Costs Over Time
On $10,000 invested in C000131493, assuming 5% a year before costs, total costs come to $409 over 5 years, cutting the return by 0.68% 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 0.65%) | $68 | $214 | $372 |
| Lost growth on money paid in costs | $0 | $11 | $37 |
| Total costs | $68 | $224 | $409 |
| Value after costs | $10,432 | $11,352 | $12,353 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
C000131493 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): —
- Total broker commissions: $8
- Bought from dealers (principal trades, not a cost): $50.9M
- Portfolio turnover (prospectus): 40%
- Securities on loan, average value: $983K
- Net income from securities lending: $9K (0.017% of average net assets)
C000131493 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Nomura Securities International, Inc. | $8 | 100.00% |
C000131493 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $15.2M | 33.20% |
| Citigroup Global Markets Inc. | $5.4M | 11.71% |
| Goldman Sachs & Co. LLC | $5.3M | 11.68% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $5.2M | 11.32% |
| Barclays Capital, Inc. | $3.7M | 8.09% |
| Wells Fargo Securities, LLC | $3.5M | 7.74% |
| Morgan Stanley & Co. LLC | $2.5M | 5.38% |
| SANTANDER INVESTMENT S.A. | $2.2M | 4.82% |
| Jefferies LLC | $1.7M | 3.65% |
| TD SECURITIES (USA) LLC | $1.1M | 2.41% |
1290 VT Convertible Securities Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000131493 | Class K | 0.65% | — |
| C000131492 | Class IB | 0.90% | — |
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.