AWREX Fees and Costs — VP Growth Fund, Class II
Data updated: 2024-03-08
The net expense ratio is 0.91%: a 0.80% management fee, a 0.25% 12b-1 fee plus 0.01% other expenses, less a 0.16% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $423 in broker commissions, 0.0080% of average net assets, and portfolio turnover was 48%.
AWREX Fees and Expenses
Annual operating expenses and sales charges of AWREX. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.01% |
| Gross expense ratio | 1.07% |
| Fee waiver | −0.16% |
| 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 | Yes |
| Waived fees subject to recoupment | No |
AWREX Costs Over Time
On $10,000 invested in AWREX, assuming 5% a year before costs, total costs come to $575 over 5 years, cutting the return by 0.96% 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 | $518 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $96 | $316 | $575 |
| Value after costs | $10,404 | $11,260 | $12,188 |
| Impact on return, per year | 0.96% | 0.96% | 0.96% |
AWREX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0080%
- Total broker commissions: $423
- Bought from dealers (principal trades, not a cost): $986K
- Portfolio turnover (prospectus): 48%
- Securities on loan, average value: $27K
- Net income from securities lending: $649 (0.012% of average net assets)
AWREX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Sanford C. Bernstein | $46 | 14.16% |
| J.P. Morgan Securities | $39 | 12.08% |
| Bank of America Merrill Lynch | $38 | 11.67% |
| Morgan Stanley | $37 | 11.46% |
| Jefferies LLC | $32 | 9.84% |
| Citigroup Capital Markets Inc | $31 | 9.56% |
| Evercore ISI Investment Group | $30 | 9.24% |
| UBS Warburg | $25 | 7.78% |
| Barclays Capital | $24 | 7.46% |
| Raymond James | $22 | 6.75% |
AWREX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BMO Capital Markets | $403K | 40.84% |
| J.P. Morgan Securities | $308K | 31.29% |
| Morgan Stanley | $139K | 14.10% |
| Bank of America Merrill Lynch | $121K | 12.28% |
| UBS Warburg | $8K | 0.77% |
| Goldman Sachs | $7K | 0.71% |
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.