C000152597 Fees and Costs — SmallCap Account, Class 2
Data updated: 2026-08-25
The net expense ratio is 1.10%: a 0.83% management fee, a 0.25% 12b-1 fee plus 0.02% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $133K in broker commissions, 0.0792% of average net assets, and portfolio turnover was 37%.
C000152597 Fees and Expenses
Annual operating expenses and sales charges of C000152597. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.83% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.02% |
| Gross expense ratio | 1.10% |
| Fee waiver | — |
| Net expense ratio | 1.10% |
| 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 |
C000152597 Costs Over Time
On $10,000 invested in C000152597, assuming 5% a year before costs, total costs come to $735 over 5 years, cutting the return by 1.24% 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 1.10%) | $116 | $360 | $623 |
| Trading costs (broker commissions) | $8 | $26 | $45 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $124 | $405 | $735 |
| Value after costs | $10,376 | $11,172 | $12,028 |
| Impact on return, per year | 1.24% | 1.24% | 1.24% |
C000152597 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): 0.0792%
- Total broker commissions: $133K
- Bought from dealers (principal trades, not a cost): $8.9M
- Portfolio turnover (prospectus): 37%
- Securities on loan, average value: $933K
- Net income from securities lending: $24K (0.015% of average net assets)
C000152597 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC. | $20K | 20.47% |
| BARCLAYS CAPITAL INC. | $16K | 17.00% |
| BANK OF AMERICA | $13K | 13.66% |
| GOLDMAN SACHS CO. | $11K | 11.42% |
| JEFFERIES & COMPANY | $10K | 9.86% |
| UBS SECURITIES LLC | $8K | 7.80% |
| VIRTU FINANCIAL LLC | $5K | 5.36% |
| J.P. MORGAN SECURITIES LLC | $5K | 5.04% |
| LIQUIDNET | $5K | 4.84% |
| MIZUHO SECURITIES USA INC. | $4K | 4.55% |
C000152597 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $2.9M | 42.01% |
| JEFFERIES & COMPANY | $1.2M | 17.09% |
| MORGAN STANLEY & CO. LLC. | $894K | 12.85% |
| GOLDMAN SACHS CO. | $575K | 8.27% |
| BANK OF AMERICA | $466K | 6.70% |
| UBS SECURITIES LLC | $460K | 6.61% |
| BARCLAYS CAPITAL INC. | $449K | 6.45% |
SmallCap Account Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000020923 | Class 1 | 0.84% | — |
| C000152597 | Class 2 | 1.10% | — |
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.