FFNKX Fees and Costs — VIP Materials Portfolio, Service Class 2
Data updated: 2026-08-24
The net expense ratio is 0.91%: a 0.58% management fee, a 0.25% 12b-1 fee plus 0.08% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $28K in broker commissions, 0.0458% of average net assets, and portfolio turnover was 64%.
FFNKX Fees and Expenses
Annual operating expenses and sales charges of FFNKX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.58% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.08% |
| Gross expense ratio | 0.91% |
| Fee waiver | — |
| Net expense ratio | 0.91% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FFNKX Costs Over Time
On $10,000 invested in FFNKX, assuming 5% a year before costs, total costs come to $598 over 5 years, cutting the return by 1.00% 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 0.91%) | $96 | $298 | $517 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $16 | $55 |
| Total costs | $100 | $329 | $598 |
| Value after costs | $10,400 | $11,247 | $12,164 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
FFNKX 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): 0.0458%
- Total broker commissions: $28K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 64%
- Securities on loan, average value: $1.1M
- Net income from securities lending: $1K (0.002% of average net assets)
FFNKX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA CORPORATION | $5K | 24.41% |
| GOLDMAN SACHS GROUP INC (THE) | $3K | 16.05% |
| MORGAN STANLEY | $2K | 10.92% |
| JPMORGAN CHASE and CO | $2K | 9.52% |
| UBS GROUP AG | $2K | 7.96% |
| WELLS FARGO and CO | $2K | 7.42% |
| BARCLAYS PLC | $2K | 6.97% |
| ROYAL BANK OF CANADA | $1K | 6.37% |
| THE BANK OF NOVA SCOTIA | $1K | 5.45% |
| BANK OF MONTREAL QUE | $1K | 4.93% |
VIP Materials Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000046804 | Initial Class | 0.68% | — |
| C000046805 | Investor Class | 0.76% | — |
| FFNKX | Service Class 2 | 0.91% | — |
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.