C000206839 Fees and Costs — Variable Portfolio - U.S. Flexible Moderate Growth Fund, Class 1
Data updated: 2026-08-28
The net expense ratio is 0.69%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $251K in broker commissions, 0.0121% of average net assets, and portfolio turnover was 199%.
C000206839 Fees and Expenses
Annual operating expenses and sales charges of C000206839. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.21% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.69% |
| Fee waiver | — |
| Net expense ratio | 0.69% |
| 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 |
C000206839 Costs Over Time
On $10,000 invested in C000206839, assuming 5% a year before costs, total costs come to $442 over 5 years, cutting the return by 0.74% 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 0.69%) | $72 | $227 | $394 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $74 | $242 | $442 |
| Value after costs | $10,426 | $11,334 | $12,321 |
| Impact on return, per year | 0.74% | 0.74% | 0.74% |
C000206839 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): 0.0121%
- Total broker commissions: $251K
- Bought from dealers (principal trades, not a cost): $5.2B
- Portfolio turnover (prospectus): 199%
- Securities lending: none during the year
C000206839 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $80K | 31.95% |
| Jane Street Execution Services, LLC | $73K | 29.07% |
| J.P. Morgan Securities LLC | $53K | 21.20% |
| Morgan Stanley & Co. LLC | $27K | 10.69% |
| Wells Fargo Securities, LLC | $13K | 5.12% |
| UBS Securities LLC | $3K | 1.04% |
| Barclays Capital Inc. | $1K | 0.44% |
| Jefferies LLC | $768 | 0.31% |
| Citigroup Global Markets Inc. | $360 | 0.14% |
| Virtu Americas LLC | $85 | 0.03% |
C000206839 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $1.7B | 33.70% |
| Morgan Stanley & Co. LLC | $1.0B | 19.61% |
| Goldman Sachs & Co. LLC | $728.2M | 14.04% |
| Citigroup Global Markets Inc. | $633.8M | 12.22% |
| Barclays Capital Inc. | $491.0M | 9.47% |
| J.P. Morgan Securities LLC | $450.4M | 8.68% |
| BMO Capital Markets Corp. | $118.7M | 2.29% |
Variable Portfolio - U.S. Flexible Moderate 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 |
|---|---|---|---|
| C000206839 | Class 1 | 0.69% | — |
| C000174389 | Class 2 | 0.94% | — |
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.