C000010388 Fees and Costs — Leisure Fund, Variable Annuity
Data updated: 2026-08-27
The net expense ratio is 1.79%: a 0.85% management fee plus 0.99% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $3K in broker commissions, 0.0609% of average net assets, and portfolio turnover was 288%.
C000010388 Fees and Expenses
Annual operating expenses and sales charges of C000010388. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | — |
| Other expenses | 0.99% |
| Gross expense ratio | 1.84% |
| Fee waiver | −0.05% |
| Net expense ratio | 1.79% |
| 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 |
C000010388 Costs Over Time
On $10,000 invested in C000010388, 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 1.79%) | $188 | $581 | $999 |
| Trading costs (broker commissions) | $6 | $20 | $34 |
| Lost growth on money paid in costs | $0 | $30 | $105 |
| Total costs | $194 | $631 | $1,138 |
| Value after costs | $10,306 | $10,945 | $11,625 |
| Impact on return, per year | 1.94% | 1.94% | 1.94% |
C000010388 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): 0.0609%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $9.8M
- Portfolio turnover (prospectus): 288%
- Securities on loan, average value: $46K
- Net income from securities lending: $2K (0.038% of average net assets)
C000010388 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $2K | 52.24% |
| Instinet, LLC | $1K | 41.55% |
| CANTOR FITZGERALD & CO. | $200 | 6.20% |
C000010388 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $5.2M | 53.20% |
| BOFA SECURITIES, INC. | $2.3M | 23.75% |
| BARCLAYS CAPITAL INC. | $2.3M | 23.06% |
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.