C000232289 Fees and Costs — AVIP AB Relative Value Portfolio, Class I
Data updated: 2026-08-26
The net expense ratio is 0.74%: a 0.64% management fee plus 0.10% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $20K in broker commissions, 0.0161% of average net assets, and portfolio turnover was 75%.
C000232289 Fees and Expenses
Annual operating expenses and sales charges of C000232289. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.64% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.74% |
| Fee waiver | — |
| Net expense ratio | 0.74% |
| 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 |
C000232289 Costs Over Time
On $10,000 invested in C000232289, assuming 5% a year before costs, total costs come to $475 over 5 years, cutting the return by 0.79% 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 0.74%) | $78 | $243 | $423 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $79 | $261 | $475 |
| Value after costs | $10,421 | $11,316 | $12,288 |
| Impact on return, per year | 0.79% | 0.79% | 0.79% |
C000232289 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): 0.0161%
- Total broker commissions: $20K
- Bought from dealers (principal trades, not a cost): $177.5M
- Portfolio turnover (prospectus): 75%
- Securities lending: none during the year
C000232289 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $4K | 24.38% |
| BOFA SECURITIES, INC. | $2K | 12.85% |
| BARCLAYS CAPITAL INC./LE | $2K | 11.57% |
| GOLDMAN SACHS + CO LLC | $2K | 10.22% |
| UBS SECURITIES LLC | $2K | 10.18% |
| J.P. MORGAN SECURITIES LLC | $1K | 9.23% |
| WELLS FARGO SECURITIES, LLC | $891 | 5.96% |
| MORGAN STANLEY CO INCORPORATED | $845 | 5.65% |
| CITIGROUP GLOBAL MARKETS INC | $778 | 5.21% |
| PENSERRA SECURITIES | $708 | 4.74% |
C000232289 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| PENSERRA SECURITIES | $15.2M | 12.61% |
| WELLS FARGO SECURITIES, LLC | $14.8M | 12.33% |
| BOFA SECURITIES, INC. | $14.2M | 11.81% |
| GOLDMAN SACHS + CO LLC | $12.9M | 10.72% |
| JEFFERIES LLC | $12.9M | 10.70% |
| UBS SECURITIES LLC | $10.7M | 8.93% |
| RBC CAPITAL MARKETS, LLC | $10.6M | 8.85% |
| BARCLAYS CAPITAL INC./LE | $10.5M | 8.74% |
| J.P. MORGAN SECURITIES LLC | $9.9M | 8.27% |
| BNP PARIBAS PRIME BROKERAGE, INC. | $8.5M | 7.04% |
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.