C000238596 Fees and Costs — U.S. LargeCap S&P 500 Index Buffer January Account, Class 2
Data updated: 2026-08-25
The net expense ratio is 0.99% (1.01% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $7K in broker commissions, 0.0130% of average net assets, and portfolio turnover was 112%.
C000238596 Fees and Expenses
Annual operating expenses and sales charges of C000238596. 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 | −0.02% |
| 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 |
C000238596 Costs Over Time
On $10,000 invested in C000238596, assuming 5% a year before costs, total costs come to $627 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 | $7 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $105 | $345 | $627 |
| Value after costs | $10,395 | $11,231 | $12,135 |
| Impact on return, per year | 1.05% | 1.05% | 1.05% |
C000238596 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): 0.0130%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $5.8M
- Portfolio turnover (prospectus): 112%
- Securities lending: none during the year
C000238596 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JANE STREET CAPITAL | $3K | 50.84% |
| MAREX FINANCIAL LTD. | $1K | 19.57% |
| WALLACHBETH CAPITAL | $1K | 19.30% |
| BESTEX RESEARCH | $390 | 5.95% |
| J.P. MORGAN SECURITIES LLC | $248 | 3.78% |
| SANFORD C. BERNSTEIN & CO. | $14 | 0.21% |
| TD BANK FINANCIAL GROUP | $14 | 0.21% |
| BARCLAYS CAPITAL INC. | $3 | 0.05% |
| STATE STREET FINANCIAL GLOBAL MARKETS | $3 | 0.05% |
| BANK OF AMERICA | $2 | 0.04% |
C000238596 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $3.5M | 60.59% |
| JANE STREET CAPITAL | $2.3M | 39.41% |
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.