C000010404 Fees and Costs — Inverse Government Long Bond Strategy Fund, Variable Annuity
Data updated: 2026-08-21
The net expense ratio is 5.67% (5.82% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $245 in broker commissions, 0.0126% of average net assets, and portfolio turnover was 994%.
C000010404 Fees and Expenses
Annual operating expenses and sales charges of C000010404. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | — |
| Other expenses | 4.82% |
| Gross expense ratio | 5.82% |
| Fee waiver | −0.15% |
| Net expense ratio | 5.67% |
| 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 |
C000010404 Costs Over Time
On $10,000 invested in C000010404, assuming 5% a year before costs, total costs come to $3,237 over 5 years, cutting the return by 5.97% 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 5.67%) | $595 | $1,769 | $2,920 |
| Trading costs (broker commissions) | $1 | $4 | $6 |
| Lost growth on money paid in costs | $0 | $91 | $311 |
| Total costs | $597 | $1,863 | $3,237 |
| Value after costs | $9,903 | $9,713 | $9,526 |
| Impact on return, per year | 5.97% | 5.97% | 5.97% |
C000010404 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): 0.0126%
- Total broker commissions: $245
- Bought from dealers (principal trades, not a cost): $725.9M
- Portfolio turnover (prospectus): 994%
- Securities lending: none during the year
C000010404 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $245 | 100.00% |
C000010404 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MIZUHO SECURITIES USA LLC | $270.5M | 37.26% |
| BARCLAYS CAPITAL INC. | $235.0M | 32.37% |
| J.P. MORGAN SECURITIES LLC | $153.3M | 21.11% |
| BOFA SECURITIES, INC. | $66.1M | 9.11% |
| GOLDMAN SACHS & CO. LLC | $543K | 0.07% |
| StoneX Financial Inc. | $200K | 0.03% |
| BMO Capital Markets Corp. | $100K | 0.01% |
| Citigroup Global Markets Inc. | $100K | 0.01% |
| Nomura Securities International, Inc. | $93K | 0.01% |
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.