C000010398 Fees and Costs — Long Short Equity Fund, Variable Annuity
Data updated: 2024-08-29
The net expense ratio is 1.92%: a 0.90% management fee plus 1.02% other expenses. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $28K in broker commissions, 0.1166% of average net assets, and portfolio turnover was 203%.
C000010398 Fees and Expenses
Annual operating expenses and sales charges of C000010398. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | — |
| Other expenses | 1.02% |
| Gross expense ratio | 1.92% |
| Fee waiver | — |
| Net expense ratio | 1.92% |
| 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 |
C000010398 Costs Over Time
On $10,000 invested in C000010398, assuming 5% a year before costs, total costs come to $1,248 over 5 years, cutting the return by 2.14% 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 1.92%) | $202 | $622 | $1,067 |
| Trading costs (broker commissions) | $12 | $38 | $65 |
| Lost growth on money paid in costs | $0 | $33 | $116 |
| Total costs | $214 | $693 | $1,248 |
| Value after costs | $10,286 | $10,883 | $11,515 |
| Impact on return, per year | 2.14% | 2.14% | 2.14% |
C000010398 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): 0.1166%
- Total broker commissions: $28K
- Bought from dealers (principal trades, not a cost): $315K
- Portfolio turnover (prospectus): 203%
- Securities on loan, average value: $7K
- Net income from securities lending: $156 (0.001% of average net assets)
C000010398 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $25K | 92.19% |
| Citigroup Global Markets Inc. | $1K | 4.92% |
| Morgan Stanley & Co. LLC | $772 | 2.80% |
| WILLIAM BLAIR | $19 | 0.07% |
| BLOOMBERG TRADEBOOK LLC | $4 | 0.01% |
C000010398 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $315K | 100.00% |
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.