C000218949 Fees and Costs — AVIP Constellation Managed Risk Growth Portfolio, Class I
Data updated: 2026-08-26
The net expense ratio is 0.65%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $29K in broker commissions, 0.0069% of average net assets, and portfolio turnover was 30%.
C000218949 Fees and Expenses
Annual operating expenses and sales charges of C000218949. 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 | 0.65% |
| Fee waiver | — |
| Net expense ratio | 0.65% |
| 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 |
C000218949 Costs Over Time
On $10,000 invested in C000218949, assuming 5% a year before costs, total costs come to $414 over 5 years, cutting the return by 0.69% 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 0.65%) | $68 | $214 | $372 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $69 | $227 | $414 |
| Value after costs | $10,431 | $11,350 | $12,349 |
| Impact on return, per year | 0.69% | 0.69% | 0.69% |
C000218949 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): 0.0069%
- Total broker commissions: $29K
- Bought from dealers (principal trades, not a cost): $351.6M
- Portfolio turnover (prospectus): 30%
- Securities lending: none during the year
C000218949 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET LLC | $25K | 85.39% |
| GOLDMAN SACHS + CO LLC | $3K | 10.63% |
| WELLS FARGO SECURITIES | $793 | 2.72% |
| MORGAN STANLEY CO INCORPORATED | $366 | 1.26% |
C000218949 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| INSTINET LLC | $231.3M | 65.77% |
| GOLDMAN SACHS + CO LLC | $75.6M | 21.49% |
| STATE STREET BANK AND TRUST COMPANY | $44.8M | 12.73% |
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.