C000218948 Fees and Costs — AVIP Constellation Managed Risk Moderate Growth Portfolio, Class I
Data updated: 2026-08-26
The net expense ratio is 0.63%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $50K in broker commissions, 0.0081% of average net assets, and portfolio turnover was 22%.
C000218948 Fees and Expenses
Annual operating expenses and sales charges of C000218948. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.03% |
| Gross expense ratio | 0.63% |
| Fee waiver | — |
| Net expense ratio | 0.63% |
| 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 |
C000218948 Costs Over Time
On $10,000 invested in C000218948, assuming 5% a year before costs, total costs come to $402 over 5 years, cutting the return by 0.67% 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 0.63%) | $66 | $207 | $361 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $10 | $37 |
| Total costs | $67 | $220 | $402 |
| Value after costs | $10,433 | $11,356 | $12,361 |
| Impact on return, per year | 0.67% | 0.67% | 0.67% |
C000218948 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): 0.0081%
- Total broker commissions: $50K
- Bought from dealers (principal trades, not a cost): $1.0B
- Portfolio turnover (prospectus): 22%
- Securities lending: none during the year
C000218948 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS + CO LLC | $30K | 60.14% |
| INSTINET LLC | $17K | 34.50% |
| WELLS FARGO SECURITIES | $2K | 3.95% |
| MORGAN STANLEY CO INCORPORATED | $705 | 1.41% |
C000218948 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS + CO LLC | $841.6M | 81.29% |
| INSTINET LLC | $161.1M | 15.56% |
| STATE STREET BANK AND TRUST COMPANY | $32.6M | 3.15% |
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.