C000218947 Fees and Costs — AVIP Constellation Managed Risk Balanced Portfolio, Class I
Data updated: 2026-08-26
The net expense ratio is 0.64%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $33K in broker commissions, 0.0064% of average net assets, and portfolio turnover was 21%.
C000218947 Fees and Expenses
Annual operating expenses and sales charges of C000218947. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.04% |
| Gross expense ratio | 0.64% |
| Fee waiver | — |
| Net expense ratio | 0.64% |
| 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 |
C000218947 Costs Over Time
On $10,000 invested in C000218947, assuming 5% a year before costs, total costs come to $407 over 5 years, cutting the return by 0.68% 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 0.64%) | $67 | $210 | $366 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $10 | $37 |
| Total costs | $68 | $223 | $407 |
| Value after costs | $10,432 | $11,353 | $12,356 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
C000218947 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): 0.0064%
- Total broker commissions: $33K
- Bought from dealers (principal trades, not a cost): $293.6M
- Portfolio turnover (prospectus): 21%
- Securities lending: none during the year
C000218947 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET LLC | $24K | 72.67% |
| WELLS FARGO SECURITIES | $3K | 8.36% |
| GOLDMAN SACHS + CO LLC | $3K | 8.05% |
| WELLS FARGO BK N.A. | $2K | 6.89% |
| MORGAN STANLEY CO INCORPORATED | $1K | 4.03% |
C000218947 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| INSTINET LLC | $258.4M | 88.00% |
| GOLDMAN SACHS + CO LLC | $32.5M | 11.07% |
| STATE STREET BANK AND TRUST COMPANY | $2.7M | 0.93% |
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.