C000209990 Fees and Costs — Variable Portfolio - Managed Volatility Moderate Growth Fund, Class 1
Data updated: 2026-08-28
The net expense ratio is 0.73%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.3M in broker commissions, 0.0110% of average net assets, and portfolio turnover was 178%.
C000209990 Fees and Expenses
Annual operating expenses and sales charges of C000209990. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.18% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.73% |
| Fee waiver | — |
| Net expense ratio | 0.73% |
| 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 |
C000209990 Costs Over Time
On $10,000 invested in C000209990, assuming 5% a year before costs, total costs come to $466 over 5 years, cutting the return by 0.78% 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 0.73%) | $77 | $240 | $417 |
| Trading costs (broker commissions) | $1 | $4 | $6 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $78 | $255 | $466 |
| Value after costs | $10,422 | $11,321 | $12,297 |
| Impact on return, per year | 0.78% | 0.78% | 0.78% |
C000209990 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): 0.0110%
- Total broker commissions: $1.3M
- Bought from dealers (principal trades, not a cost): $27.7B
- Portfolio turnover (prospectus): 178%
- Securities lending: none during the year
C000209990 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $453K | 35.61% |
| Jane Street Execution Services, LLC | $387K | 30.44% |
| J.P. Morgan Securities LLC | $271K | 21.27% |
| Morgan Stanley & Co. LLC | $97K | 7.65% |
| Wells Fargo Securities, LLC | $52K | 4.09% |
| Barclays Capital Inc. | $4K | 0.35% |
| UBS Securities LLC | $4K | 0.35% |
| Citigroup Global Markets Inc. | $3K | 0.24% |
C000209990 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $12.3B | 44.38% |
| Morgan Stanley & Co. LLC | $4.5B | 16.37% |
| Citigroup Global Markets Inc. | $3.9B | 13.98% |
| Goldman Sachs & Co. LLC | $3.2B | 11.72% |
| Barclays Capital Inc. | $1.9B | 6.78% |
| J.P. Morgan Securities LLC | $1.5B | 5.24% |
| BMO Capital Markets Corp. | $404.0M | 1.46% |
| Citadel Securities LLC | $11.8M | 0.04% |
| Deutsche Bank Securities Inc. | $4.8M | 0.02% |
| BofA Securities, Inc. | $4.5M | 0.02% |
Variable Portfolio - Managed Volatility 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 |
|---|---|---|---|
| C000209990 | Class 1 | 0.73% | — |
| C000112515 | Class 2 | 0.98% | — |
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.