C000193050 Fees and Costs — Variable Portfolio - Managed Risk Fund, Class 2
Data updated: 2026-08-28
The net expense ratio is 1.02% (1.04% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $14K in broker commissions, 0.0057% of average net assets, and portfolio turnover was 112%.
C000193050 Fees and Expenses
Annual operating expenses and sales charges of C000193050. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.14% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.11% |
| Gross expense ratio | 1.04% |
| Fee waiver | −0.02% |
| Net expense ratio | 1.02% |
| 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 |
C000193050 Costs Over Time
On $10,000 invested in C000193050, assuming 5% a year before costs, total costs come to $641 over 5 years, cutting the return by 1.08% 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 1.02%) | $107 | $334 | $579 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $108 | $353 | $641 |
| Value after costs | $10,392 | $11,224 | $12,122 |
| Impact on return, per year | 1.08% | 1.08% | 1.08% |
C000193050 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): 0.0057%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $416.5M
- Portfolio turnover (prospectus): 112%
- Securities lending: none during the year
C000193050 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $7K | 49.85% |
| UBS Securities LLC | $2K | 14.87% |
| Jane Street Execution Services, LLC | $2K | 12.71% |
| J.P. Morgan Securities LLC | $1K | 9.46% |
| Citigroup Global Markets Inc. | $640 | 4.57% |
| Morgan Stanley & Co. LLC | $628 | 4.49% |
| Jefferies LLC | $240 | 1.72% |
| Virtu Americas LLC | $208 | 1.48% |
| Wells Fargo Securities, LLC | $120 | 0.86% |
C000193050 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $124.9M | 30.00% |
| Wells Fargo Securities, LLC | $122.0M | 29.30% |
| J.P. Morgan Securities LLC | $68.2M | 16.37% |
| Barclays Capital Inc. | $46.7M | 11.22% |
| Goldman Sachs & Co. LLC | $28.5M | 6.85% |
| Citigroup Global Markets Inc. | $24.2M | 5.81% |
| BMO Capital Markets Corp. | $1.9M | 0.46% |
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.