C000206837 Fees and Costs — Variable Portfolio - U.S. Flexible Conservative Growth Fund, Class 1
Data updated: 2026-08-28
The net expense ratio is 0.71%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $28K in broker commissions, 0.0087% of average net assets, and portfolio turnover was 196%.
C000206837 Fees and Expenses
Annual operating expenses and sales charges of C000206837. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.21% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.71% |
| Fee waiver | — |
| Net expense ratio | 0.71% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000206837 Costs Over Time
On $10,000 invested in C000206837, assuming 5% a year before costs, total costs come to $452 over 5 years, cutting the return by 0.75% 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 0.71%) | $75 | $233 | $406 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $75 | $248 | $452 |
| Value after costs | $10,425 | $11,328 | $12,311 |
| Impact on return, per year | 0.75% | 0.75% | 0.75% |
C000206837 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): 0.0087%
- Total broker commissions: $28K
- Bought from dealers (principal trades, not a cost): $841.0M
- Portfolio turnover (prospectus): 196%
- Securities lending: none during the year
C000206837 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $9K | 30.32% |
| Jane Street Execution Services, LLC | $8K | 29.22% |
| J.P. Morgan Securities LLC | $6K | 22.26% |
| Morgan Stanley & Co. LLC | $3K | 11.22% |
| Wells Fargo Securities, LLC | $1K | 5.05% |
| UBS Securities LLC | $269 | 0.96% |
| Jefferies LLC | $144 | 0.51% |
| Citigroup Global Markets Inc. | $66 | 0.24% |
| Barclays Capital Inc. | $59 | 0.21% |
| Susquehanna Financial Group, LLLP | $4 | 0.01% |
C000206837 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $369.4M | 43.92% |
| Morgan Stanley & Co. LLC | $147.7M | 17.56% |
| Citigroup Global Markets Inc. | $86.6M | 10.30% |
| Goldman Sachs & Co. LLC | $86.2M | 10.25% |
| J.P. Morgan Securities LLC | $71.1M | 8.45% |
| Barclays Capital Inc. | $70.0M | 8.32% |
| BMO Capital Markets Corp. | $10.1M | 1.20% |
Variable Portfolio - U.S. Flexible Conservative Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000206837 | Class 1 | 0.71% | — |
| C000174387 | Class 2 | 0.96% | — |
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.