C000234377 Fees and Costs — Nomura VIP Fund for Income Series, Service Class
Data updated: 2026-08-24
The net expense ratio is 1.05%: a 0.65% management fee, a 0.30% 12b-1 fee plus 0.23% other expenses, less a 0.14% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 45%.
C000234377 Fees and Expenses
Annual operating expenses and sales charges of C000234377. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.23% |
| Gross expense ratio | 1.19% |
| Fee waiver | −0.14% |
| Net expense ratio | 1.05% |
| 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 |
C000234377 Costs Over Time
On $10,000 invested in C000234377, assuming 5% a year before costs, total costs come to $656 over 5 years, cutting the return by 1.10% 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 1.05%) | $110 | $344 | $596 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $110 | $361 | $656 |
| Value after costs | $10,390 | $11,215 | $12,107 |
| Impact on return, per year | 1.10% | 1.10% | 1.10% |
C000234377 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $52.8M
- Portfolio turnover (prospectus): 45%
- Securities lending: none during the year
C000234377 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $8.9M | 20.71% |
| CitiGroup Global Markets Inc. | $7.2M | 16.68% |
| BOFA SECURITIES, INC. | $5.3M | 12.42% |
| MORGAN STANLEY & CO. LLC | $5.3M | 12.25% |
| GOLDMAN SACHS & CO. LLC | $5.0M | 11.52% |
| BARCLAYS CAPITAL, INC. | $3.1M | 7.15% |
| DEUTSCHE BANK SECURITIES, INC. | $2.4M | 5.64% |
| WELLS FARGO SECURITIES, LLC | $2.2M | 5.12% |
| JEFFERIES LLC | $2.0M | 4.59% |
| RBC CAPITAL MARKETS, LLC | $1.7M | 3.93% |
Nomura VIP Fund for Income Series Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000212997 | Standard Class | 0.75% | — |
| C000234377 | Service Class | 1.05% | — |
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.