C000206841 Fees and Costs — Variable Portfolio - Managed Risk U.S. Fund, Class 1
Data updated: 2026-08-28
The net expense ratio is 0.75%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $29K in broker commissions, 0.0072% of average net assets, and portfolio turnover was 113%.
C000206841 Fees and Expenses
Annual operating expenses and sales charges of C000206841. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.14% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.75% |
| Fee waiver | — |
| Net expense ratio | 0.75% |
| 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 |
C000206841 Costs Over Time
On $10,000 invested in C000206841, assuming 5% a year before costs, total costs come to $476 over 5 years, cutting the return by 0.80% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $12 | $44 |
| Total costs | $80 | $261 | $476 |
| Value after costs | $10,420 | $11,315 | $12,287 |
| Impact on return, per year | 0.80% | 0.80% | 0.80% |
C000206841 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): 0.0072%
- Total broker commissions: $29K
- Bought from dealers (principal trades, not a cost): $671.8M
- Portfolio turnover (prospectus): 113%
- Securities lending: none during the year
C000206841 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $14K | 47.72% |
| UBS Securities LLC | $4K | 13.72% |
| J.P. Morgan Securities LLC | $4K | 13.50% |
| Jane Street Execution Services, LLC | $4K | 12.86% |
| Citigroup Global Markets Inc. | $2K | 5.24% |
| Morgan Stanley & Co. LLC | $915 | 3.16% |
| Jefferies LLC | $600 | 2.07% |
| Virtu Americas LLC | $322 | 1.11% |
| Wells Fargo Securities, LLC | $180 | 0.62% |
C000206841 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $216.8M | 32.28% |
| Morgan Stanley & Co. LLC | $193.4M | 28.79% |
| J.P. Morgan Securities LLC | $128.3M | 19.11% |
| Citigroup Global Markets Inc. | $52.1M | 7.76% |
| Goldman Sachs & Co. LLC | $44.3M | 6.60% |
| Barclays Capital Inc. | $34.5M | 5.14% |
| BMO Capital Markets Corp. | $2.2M | 0.33% |
Variable Portfolio - Managed Risk U.S. Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000206841 | Class 1 | 0.75% | — |
| C000193051 | Class 2 | 0.99% | — |
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.