C000190650 Fees and Costs — Nomura VIP Energy Series, Standard Class
Data updated: 2026-08-24
The net expense ratio is 0.85%: a 0.85% management fee plus 0.20% other expenses, less a 0.21% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $68K in broker commissions, 0.0937% of average net assets, and portfolio turnover was 59%.
C000190650 Fees and Expenses
Annual operating expenses and sales charges of C000190650. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.20% |
| Gross expense ratio | 1.06% |
| Fee waiver | −0.21% |
| Net expense ratio | 0.85% |
| 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 | No |
C000190650 Costs Over Time
On $10,000 invested in C000190650, assuming 5% a year before costs, total costs come to $591 over 5 years, cutting the return by 0.99% 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 0.85%) | $89 | $279 | $483 |
| Trading costs (broker commissions) | $10 | $31 | $53 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $99 | $325 | $591 |
| Value after costs | $10,401 | $11,252 | $12,172 |
| Impact on return, per year | 0.99% | 0.99% | 0.99% |
C000190650 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): 0.0937%
- Total broker commissions: $68K
- Bought from dealers (principal trades, not a cost): $216K
- Portfolio turnover (prospectus): 59%
- Securities lending: none during the year
C000190650 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $8K | 15.83% |
| GOLDMAN SACHS & CO. LLC | $8K | 15.66% |
| JONESTRADING | $6K | 12.35% |
| CitiGroup Global Markets Inc. | $5K | 10.59% |
| RBC CAPITAL MARKETS, LLC | $5K | 9.82% |
| MORGAN STANLEY & CO. LLC | $4K | 8.52% |
| VIRTU AMERICAS LLC | $4K | 7.33% |
| BOFA SECURITIES, INC. | $3K | 6.84% |
| BTIG, LLC | $3K | 6.60% |
| UBS SECURITIES LLC | $3K | 6.45% |
C000190650 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| SG AMERICAS SECURITIES, LLC | $151K | 69.86% |
| BMO HARRIS FINANCIAL ADVISORS, INC. | $49K | 22.65% |
| J.P. Morgan Securities LLC | $16K | 7.49% |
Nomura VIP Energy Series Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000190650 | Standard Class | 0.85% | — |
| C000032174 | Service Class | 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.