C000238595 Fees and Costs — U.S. LargeCap S&P 500 Index Buffer April Account, Class 2
Data updated: 2026-08-25
The net expense ratio is 0.98% (1.01% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2K in broker commissions, 0.0050% of average net assets, and portfolio turnover was 25%.
C000238595 Fees and Expenses
Annual operating expenses and sales charges of C000238595. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.69% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.04% |
| Gross expense ratio | 1.01% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.98% |
| 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 |
C000238595 Costs Over Time
On $10,000 invested in C000238595, assuming 5% a year before costs, total costs come to $616 over 5 years, cutting the return by 1.03% 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 0.98%) | $103 | $321 | $557 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $103 | $339 | $616 |
| Value after costs | $10,397 | $11,238 | $12,147 |
| Impact on return, per year | 1.03% | 1.03% | 1.03% |
C000238595 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): 0.0050%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $6.3M
- Portfolio turnover (prospectus): 25%
- Securities lending: none during the year
C000238595 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JANE STREET CAPITAL | $712 | 37.91% |
| MAREX FINANCIAL LTD. | $624 | 33.25% |
| J.P. MORGAN SECURITIES LLC | $249 | 13.28% |
| BESTEX RESEARCH | $205 | 10.93% |
| GTS FINANCIAL LLC | $60 | 3.22% |
| TD SECURITIES (USA) LLC | $14 | 0.77% |
| SANFORD C. BERNSTEIN & CO. | $7 | 0.36% |
| BANK OF AMERICA | $2 | 0.13% |
| BARCLAYS CAPITAL INC. | $2 | 0.09% |
| CITIGROUP GLOBAL MARKETS | $1 | 0.08% |
C000238595 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MAREX FINANCIAL LTD. | $4.4M | 71.00% |
| JANE STREET CAPITAL | $1.8M | 29.00% |
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.