C000010407 Fees and Costs — S&P 500 Pure Value Fund, Variable Annuity
Data updated: 2026-08-21
The net expense ratio is 1.69%: a 0.75% 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 $16K in broker commissions, 0.0833% of average net assets, and portfolio turnover was 247%.
C000010407 Fees and Expenses
Annual operating expenses and sales charges of C000010407. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | 0.99% |
| Gross expense ratio | 1.74% |
| Fee waiver | −0.05% |
| Net expense ratio | 1.69% |
| 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 |
C000010407 Costs Over Time
On $10,000 invested in C000010407, assuming 5% a year before costs, total costs come to $1,092 over 5 years, cutting the return by 1.86% 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 1.69%) | $177 | $549 | $945 |
| Trading costs (broker commissions) | $9 | $27 | $47 |
| Lost growth on money paid in costs | $0 | $29 | $101 |
| Total costs | $186 | $605 | $1,092 |
| Value after costs | $10,314 | $10,971 | $11,671 |
| Impact on return, per year | 1.86% | 1.86% | 1.86% |
C000010407 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): 0.0833%
- Total broker commissions: $16K
- Bought from dealers (principal trades, not a cost): $32.4M
- Portfolio turnover (prospectus): 247%
- Securities on loan, average value: $71K
- Net income from securities lending: $280 (0.001% of average net assets)
C000010407 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL INC. | $6K | 37.54% |
| BTIG, LLC | $3K | 20.95% |
| Instinet, LLC | $3K | 20.05% |
| CANTOR FITZGERALD & CO. | $3K | 19.57% |
| BOFA SECURITIES, INC. | $219 | 1.38% |
| Roth Capital Partners | $80 | 0.51% |
C000010407 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $17.0M | 52.37% |
| BOFA SECURITIES, INC. | $7.8M | 24.19% |
| BARCLAYS CAPITAL INC. | $7.6M | 23.44% |
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.