C000203521 Fees and Costs — Nomura VIP Small Cap Growth Series, Standard Class
Data updated: 2026-08-24
The net expense ratio is 0.90%: a 0.85% management fee plus 0.10% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $135K in broker commissions, 0.0694% of average net assets, and portfolio turnover was 74%.
C000203521 Fees and Expenses
Annual operating expenses and sales charges of C000203521. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.96% |
| Fee waiver | −0.06% |
| Net expense ratio | 0.90% |
| 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 |
C000203521 Costs Over Time
On $10,000 invested in C000203521, assuming 5% a year before costs, total costs come to $607 over 5 years, cutting the return by 1.02% 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 0.90%) | $94 | $295 | $512 |
| Trading costs (broker commissions) | $7 | $23 | $39 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $102 | $333 | $607 |
| Value after costs | $10,398 | $11,243 | $12,156 |
| Impact on return, per year | 1.02% | 1.02% | 1.02% |
C000203521 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): 0.0694%
- Total broker commissions: $135K
- Bought from dealers (principal trades, not a cost): $2.7M
- Portfolio turnover (prospectus): 74%
- Securities lending: none during the year
C000203521 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $13K | 14.80% |
| J.P. Morgan Securities LLC | $13K | 14.23% |
| GOLDMAN SACHS & CO. LLC | $13K | 14.16% |
| UBS SECURITIES LLC | $10K | 10.83% |
| JEFFERIES LLC | $9K | 9.79% |
| BOFA SECURITIES, INC. | $8K | 9.22% |
| CitiGroup Global Markets Inc. | $7K | 7.62% |
| BTIG, LLC | $6K | 6.79% |
| BARCLAYS CAPITAL, INC. | $6K | 6.52% |
| VIRTU AMERICAS LLC | $5K | 6.02% |
C000203521 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $1.2M | 44.30% |
| JEFFERIES LLC | $518K | 19.44% |
| BARCLAYS CAPITAL, INC. | $381K | 14.29% |
| GOLDMAN SACHS & CO. LLC | $362K | 13.60% |
| Truist Securities, Inc. | $151K | 5.68% |
| J.P. Morgan Securities LLC | $72K | 2.70% |
Nomura VIP Small Cap Growth Series Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000203521 | Standard Class | 0.90% | — |
| C000017167 | Service Class | 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.