C000010392 Fees and Costs — Telecommunications Fund, Variable Annuity
Data updated: 2026-08-21
The net expense ratio is 1.78%: a 0.85% management fee plus 0.98% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $13K in broker commissions, 0.3168% of average net assets, and portfolio turnover was 574%.
C000010392 Fees and Expenses
Annual operating expenses and sales charges of C000010392. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | — |
| Other expenses | 0.98% |
| Gross expense ratio | 1.83% |
| Fee waiver | −0.05% |
| Net expense ratio | 1.78% |
| 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 |
C000010392 Costs Over Time
On $10,000 invested in C000010392, assuming 5% a year before costs, total costs come to $1,283 over 5 years, cutting the return by 2.20% 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 1.78%) | $187 | $577 | $988 |
| Trading costs (broker commissions) | $33 | $103 | $176 |
| Lost growth on money paid in costs | $0 | $34 | $119 |
| Total costs | $220 | $713 | $1,283 |
| Value after costs | $10,280 | $10,863 | $11,480 |
| Impact on return, per year | 2.20% | 2.20% | 2.20% |
C000010392 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): 0.3168%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $7.8M
- Portfolio turnover (prospectus): 574%
- Securities on loan, average value: $54K
- Net income from securities lending: $1K (0.033% of average net assets)
C000010392 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, LLC | $7K | 51.57% |
| BARCLAYS CAPITAL INC. | $3K | 26.24% |
| BTIG, LLC | $1K | 11.26% |
| Roth Capital Partners | $1K | 8.52% |
| CANTOR FITZGERALD & CO. | $214 | 1.68% |
| BOFA SECURITIES, INC. | $93 | 0.73% |
C000010392 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $4.0M | 50.63% |
| BOFA SECURITIES, INC. | $1.9M | 23.80% |
| BARCLAYS CAPITAL INC. | $1.8M | 23.08% |
| TENDER OFFER | $194K | 2.49% |
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.