C000206840 Fees and Costs — Variable Portfolio - Managed Risk Fund, Class 1
Data updated: 2026-08-28
The net expense ratio is 0.77% (0.80% 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%.
C000206840 Fees and Expenses
Annual operating expenses and sales charges of C000206840. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.14% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.11% |
| Gross expense ratio | 0.80% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.77% |
| 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 |
C000206840 Costs Over Time
On $10,000 invested in C000206840, assuming 5% a year before costs, total costs come to $487 over 5 years, cutting the return by 0.81% 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 0.77%) | $81 | $253 | $440 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $81 | $267 | $487 |
| Value after costs | $10,419 | $11,309 | $12,275 |
| Impact on return, per year | 0.81% | 0.81% | 0.81% |
C000206840 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
C000206840 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% |
C000206840 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% |
Variable Portfolio - Managed Risk Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000206840 | Class 1 | 0.77% | — |
| C000193050 | Class 2 | 1.02% | — |
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.