C000235586 Fees and Costs — U.S. LargeCap S&P 500 Index Buffer July Account, Class 2
Data updated: 2026-08-25
The net expense ratio is 1.00% (1.02% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $8K in broker commissions, 0.0143% of average net assets, and portfolio turnover was 127%.
C000235586 Fees and Expenses
Annual operating expenses and sales charges of C000235586. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.69% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.05% |
| Gross expense ratio | 1.02% |
| Fee waiver | −0.02% |
| Net expense ratio | 1.00% |
| 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 |
C000235586 Costs Over Time
On $10,000 invested in C000235586, assuming 5% a year before costs, total costs come to $634 over 5 years, cutting the return by 1.07% 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 1.00%) | $105 | $328 | $568 |
| Trading costs (broker commissions) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $107 | $349 | $634 |
| Value after costs | $10,393 | $11,228 | $12,129 |
| Impact on return, per year | 1.07% | 1.07% | 1.07% |
C000235586 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): 0.0143%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): $6.1M
- Portfolio turnover (prospectus): 127%
- Securities lending: none during the year
C000235586 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JANE STREET CAPITAL | $4K | 50.25% |
| WALLACHBETH CAPITAL | $2K | 21.22% |
| MAREX FINANCIAL LTD. | $2K | 20.44% |
| BESTEX RESEARCH | $444 | 5.30% |
| J.P. MORGAN SECURITIES LLC | $178 | 2.13% |
| STIFEL NICOLAUS & COMPANY | $28 | 0.33% |
| STATE STREET FINANCIAL GLOBAL MARKETS | $16 | 0.20% |
| CITIGROUP GLOBAL MARKETS | $11 | 0.13% |
| BARCLAYS CAPITAL INC. | $0 | 0.00% |
C000235586 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MAREX FINANCIAL LTD. | $6.1M | 100.00% |
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.