C000138906 Fees and Costs — 1290 VT Micro Cap Portfolio, Class IB
Data updated: 2026-08-25
The net expense ratio is 1.15%: a 0.85% management fee, a 0.25% 12b-1 fee plus 0.28% other expenses, less a 0.23% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $232K in broker commissions, 0.1435% of average net assets, and portfolio turnover was 90%.
C000138906 Fees and Expenses
Annual operating expenses and sales charges of C000138906. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.28% |
| Gross expense ratio | 1.38% |
| Fee waiver | −0.23% |
| Net expense ratio | 1.15% |
| 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 |
C000138906 Costs Over Time
On $10,000 invested in C000138906, assuming 5% a year before costs, total costs come to $804 over 5 years, cutting the return by 1.36% 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 1.15%) | $121 | $376 | $649 |
| Trading costs (broker commissions) | $15 | $47 | $81 |
| Lost growth on money paid in costs | $0 | $21 | $74 |
| Total costs | $136 | $443 | $804 |
| Value after costs | $10,364 | $11,133 | $11,958 |
| Impact on return, per year | 1.36% | 1.36% | 1.36% |
C000138906 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): 0.1435%
- Total broker commissions: $232K
- Bought from dealers (principal trades, not a cost): $42.9M
- Portfolio turnover (prospectus): 90%
- Securities on loan, average value: $16.8M
- Net income from securities lending: $354K (0.219% of average net assets)
C000138906 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $32K | 19.30% |
| J.P. Morgan Securities LLC | $24K | 14.26% |
| Goldman Sachs & Co. LLC | $24K | 14.01% |
| UBS Securities LLC | $17K | 9.94% |
| Morgan Stanley & Co. LLC | $16K | 9.53% |
| BofA Securities, Inc. | $13K | 7.95% |
| Liquidnet, Inc. | $13K | 7.84% |
| TD SECURITIES (USA) LLC | $12K | 7.00% |
| Barclays Capital, Inc. | $9K | 5.21% |
| Citigroup Global Markets Inc. | $8K | 4.95% |
C000138906 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $37.9M | 88.41% |
| Stifel, Nicolaus & Company, Incorporated | $1.8M | 4.30% |
| Morgan Stanley & Co. LLC | $1.6M | 3.70% |
| Jefferies LLC | $770K | 1.79% |
| Piper Sandler & Co. | $437K | 1.02% |
| BofA Securities, Inc. | $221K | 0.52% |
| TD SECURITIES (USA) LLC | $54K | 0.13% |
| Leerink Partners LLC | $37K | 0.09% |
| Citigroup Global Markets Inc. | $24K | 0.06% |
| Barclays Capital, Inc. | $653 | 0.00% |
1290 VT Micro Cap Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000138907 | Class K | 0.90% | — |
| C000138906 | Class IB | 1.15% | — |
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.