C000213002 Fees and Costs — Nomura VIP Investment Grade Series, Standard Class
Data updated: 2026-08-24
The net expense ratio is 0.61%: a 0.50% management fee plus 0.48% other expenses, less a 0.37% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $3K in broker commissions, 0.0088% of average net assets, and portfolio turnover was 189%.
C000213002 Fees and Expenses
Annual operating expenses and sales charges of C000213002. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.48% |
| Gross expense ratio | 0.98% |
| Fee waiver | −0.37% |
| Net expense ratio | 0.61% |
| 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 |
C000213002 Costs Over Time
On $10,000 invested in C000213002, assuming 5% a year before costs, total costs come to $390 over 5 years, cutting the return by 0.65% 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 0.61%) | $64 | $201 | $349 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $65 | $214 | $390 |
| Value after costs | $10,435 | $11,363 | $12,373 |
| Impact on return, per year | 0.65% | 0.65% | 0.65% |
C000213002 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): 0.0088%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $117.7M
- Portfolio turnover (prospectus): 189%
- Securities lending: none during the year
C000213002 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ADVANTAGE SECURITIES LLC | $2K | 82.50% |
| CitiGroup Global Markets Inc. | $461 | 16.78% |
| HSBC SECURITIES (USA) INC. | $20 | 0.73% |
C000213002 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $17.8M | 20.03% |
| BOFA SECURITIES, INC. | $11.7M | 13.18% |
| GOLDMAN SACHS & CO. LLC | $11.6M | 13.01% |
| MORGAN STANLEY & CO. LLC | $11.5M | 12.95% |
| CITADEL SECURITIES LLC | $7.7M | 8.64% |
| BARCLAYS CAPITAL, INC. | $7.4M | 8.29% |
| CitiGroup Global Markets Inc. | $6.8M | 7.68% |
| WELLS FARGO SECURITIES, LLC | $6.2M | 6.93% |
| SIG BROKERAGE, LP | $4.3M | 4.86% |
| DEUTSCHE BANK SECURITIES, INC. | $3.9M | 4.42% |
Nomura VIP Investment Grade Series Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000213002 | Standard Class | 0.61% | — |
| C000213003 | Service Class | 0.91% | — |
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.