C000238594 Fees and Costs — U.S. LargeCap S&P 500 Index Buffer October Account, Class 2
Data updated: 2026-08-25
The net expense ratio is 0.99% (1.00% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $8K in broker commissions, 0.0112% of average net assets, and portfolio turnover was 90%.
C000238594 Fees and Expenses
Annual operating expenses and sales charges of C000238594. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.69% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.03% |
| Gross expense ratio | 1.00% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.99% |
| 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 |
C000238594 Costs Over Time
On $10,000 invested in C000238594, assuming 5% a year before costs, total costs come to $626 over 5 years, cutting the return by 1.05% 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 0.99%) | $104 | $324 | $562 |
| Trading costs (broker commissions) | $1 | $4 | $6 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $105 | $344 | $626 |
| Value after costs | $10,395 | $11,232 | $12,137 |
| Impact on return, per year | 1.05% | 1.05% | 1.05% |
C000238594 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): 0.0112%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): $5.8M
- Portfolio turnover (prospectus): 90%
- Securities lending: none during the year
C000238594 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JANE STREET CAPITAL | $3K | 43.50% |
| MAREX FINANCIAL LTD. | $2K | 21.53% |
| WALLACHBETH CAPITAL | $2K | 20.81% |
| BESTEX RESEARCH | $582 | 7.54% |
| GTS FINANCIAL LLC | $285 | 3.69% |
| J.P. MORGAN SECURITIES LLC | $204 | 2.65% |
| BARCLAYS CAPITAL INC. | $12 | 0.15% |
| CITIGROUP GLOBAL MARKETS | $5 | 0.06% |
| SANFORD C. BERNSTEIN & CO. | $4 | 0.05% |
| STATE STREET FINANCIAL GLOBAL MARKETS | $1 | 0.02% |
C000238594 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC. | $5.8M | 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.