C000212994 Fees and Costs — Nomura VIP Total Return Series, Standard Class
Data updated: 2026-08-24
The net expense ratio is 1.06% (1.43% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $5K in broker commissions, 0.0145% of average net assets, and portfolio turnover was 77%.
C000212994 Fees and Expenses
Annual operating expenses and sales charges of C000212994. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.46% |
| Gross expense ratio | 1.43% |
| Fee waiver | −0.37% |
| Net expense ratio | 1.06% |
| 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 |
C000212994 Costs Over Time
On $10,000 invested in C000212994, assuming 5% a year before costs, total costs come to $671 over 5 years, cutting the return by 1.13% 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 1.06%) | $111 | $347 | $601 |
| Trading costs (broker commissions) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $17 | $62 |
| Total costs | $113 | $369 | $671 |
| Value after costs | $10,387 | $11,207 | $12,092 |
| Impact on return, per year | 1.13% | 1.13% | 1.13% |
C000212994 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): 0.0145%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $41.1M
- Portfolio turnover (prospectus): 77%
- Securities lending: none during the year
C000212994 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JANE STREET EXECUTION SERVICES, LLC | $2K | 37.18% |
| BOFA SECURITIES, INC. | $555 | 12.82% |
| SIG BROKERAGE, LP | $482 | 11.13% |
| MORGAN STANLEY & CO. LLC | $417 | 9.63% |
| JEFFERIES LLC | $320 | 7.39% |
| J.P. Morgan Securities LLC | $223 | 5.15% |
| CitiGroup Global Markets Inc. | $205 | 4.73% |
| BARCLAYS CAPITAL, INC. | $188 | 4.34% |
| UBS SECURITIES LLC | $188 | 4.34% |
| GOLDMAN SACHS & CO. LLC | $142 | 3.28% |
C000212994 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STONEX FINANCIAL INC. | $17.8M | 44.00% |
| BMO HARRIS FINANCIAL ADVISORS, INC. | $9.1M | 22.62% |
| BOFA SECURITIES, INC. | $4.3M | 10.60% |
| BNY MELLON CAPITAL MARKETS, LLC | $3.2M | 7.96% |
| CitiGroup Global Markets Inc. | $2.2M | 5.40% |
| CITADEL SECURITIES LLC | $1.9M | 4.69% |
| GOLDMAN SACHS & CO. LLC | $1.4M | 3.36% |
| J.P. Morgan Securities LLC | $256K | 0.63% |
| MORGAN STANLEY & CO. LLC | $165K | 0.41% |
| BARCLAYS CAPITAL, INC. | $132K | 0.33% |
Nomura VIP Total Return Series Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000212995 | Service Class | 0.76% | — |
| C000212994 | Standard Class | 1.06% | — |
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.