C000010385 Fees and Costs — Financial Services Fund, Variable Annuity
Data updated: 2026-08-21
The net expense ratio is 1.83% (1.88% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2K in broker commissions, 0.0199% of average net assets, and portfolio turnover was 97%.
C000010385 Fees and Expenses
Annual operating expenses and sales charges of C000010385. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | — |
| Other expenses | 0.99% |
| Gross expense ratio | 1.88% |
| Fee waiver | −0.05% |
| Net expense ratio | 1.83% |
| 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 |
C000010385 Costs Over Time
On $10,000 invested in C000010385, assuming 5% a year before costs, total costs come to $1,138 over 5 years, cutting the return by 1.94% 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 1.83%) | $192 | $594 | $1,021 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $30 | $105 |
| Total costs | $194 | $631 | $1,138 |
| Value after costs | $10,306 | $10,946 | $11,625 |
| Impact on return, per year | 1.94% | 1.94% | 1.94% |
C000010385 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): 0.0199%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $21.3M
- Portfolio turnover (prospectus): 97%
- Securities on loan, average value: $27K
- Net income from securities lending: $142 (0.001% of average net assets)
C000010385 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, LLC | $1K | 62.90% |
| BTIG, LLC | $749 | 33.25% |
| CANTOR FITZGERALD & CO. | $71 | 3.14% |
| BARCLAYS CAPITAL INC. | $16 | 0.71% |
C000010385 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $11.2M | 52.68% |
| BOFA SECURITIES, INC. | $5.1M | 24.00% |
| BARCLAYS CAPITAL INC. | $5.0M | 23.32% |
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.