C000132327 Fees and Costs — LargeCap S&P 500 Managed Volatility Index Account, Class 1
Data updated: 2026-03-12
The net expense ratio is 0.37%: a 0.35% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $11K in broker commissions, 0.0082% of average net assets, and portfolio turnover was 11%.
C000132327 Fees and Expenses
Annual operating expenses and sales charges of C000132327. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | — |
| Other expenses | 0.01% |
| Gross expense ratio | 0.37% |
| Fee waiver | — |
| Net expense ratio | 0.37% |
| 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 |
C000132327 Costs Over Time
On $10,000 invested in C000132327, assuming 5% a year before costs, total costs come to $240 over 5 years, cutting the return by 0.40% 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 0.37%) | $39 | $122 | $213 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $6 | $22 |
| Total costs | $40 | $131 | $240 |
| Value after costs | $10,460 | $11,445 | $12,523 |
| Impact on return, per year | 0.40% | 0.40% | 0.40% |
C000132327 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): 0.0082%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $10.3M
- Portfolio turnover (prospectus): 11%
- Securities on loan, average value: $18K
- Net income from securities lending: $2K (0.002% of average net assets)
C000132327 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA | $3K | 31.41% |
| CITIGROUP GLOBAL MARKETS | $3K | 27.04% |
| MORGAN STANLEY & CO. LLC. | $2K | 14.39% |
| NOMURA SECURITIES INTERNATIONAL INC. | $1K | 12.30% |
| J.P. MORGAN SECURITIES LLC | $537 | 5.06% |
| GOLDMAN SACHS CO. | $485 | 4.56% |
| OPPENHEIMER & CO. | $305 | 2.88% |
| TD BANK FINANCIAL GROUP | $139 | 1.31% |
| BESTEX RESEARCH | $84 | 0.79% |
| KEYBANC CAPITAL MARKETS | $28 | 0.26% |
C000132327 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC. | $5.5M | 53.80% |
| BNP PARIBAS SECURITIES CORP | $2.0M | 19.07% |
| CITIGROUP GLOBAL MARKETS | $935K | 9.12% |
| BARCLAYS CAPITAL INC. | $723K | 7.05% |
| WELLS FARGO SECURITIES | $501K | 4.89% |
| GOLDMAN SACHS CO. | $307K | 2.99% |
| RAYMOND JAMES & ASSOCIATES | $305K | 2.97% |
| MACQUARIE GROUP LTD. | $10K | 0.09% |
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.