C000010409 Fees and Costs — S&P SmallCap 600 Pure Value Fund, Variable Annuity
Data updated: 2026-08-27
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 $15K in broker commissions, 0.1731% of average net assets, and portfolio turnover was 253%.
C000010409 Fees and Expenses
Annual operating expenses and sales charges of C000010409. 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 |
C000010409 Costs Over Time
On $10,000 invested in C000010409, assuming 5% a year before costs, total costs come to $1,145 over 5 years, cutting the return by 1.96% 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 | $943 |
| Trading costs (broker commissions) | $18 | $56 | $97 |
| Lost growth on money paid in costs | $0 | $30 | $106 |
| Total costs | $196 | $635 | $1,145 |
| Value after costs | $10,304 | $10,941 | $11,617 |
| Impact on return, per year | 1.96% | 1.96% | 1.96% |
C000010409 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): 0.1731%
- Total broker commissions: $15K
- Bought from dealers (principal trades, not a cost): $16.8M
- Portfolio turnover (prospectus): 253%
- Securities on loan, average value: $88K
- Net income from securities lending: $809 (0.009% of average net assets)
C000010409 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, LLC | $12K | 78.87% |
| BTIG, LLC | $3K | 16.61% |
| BARCLAYS CAPITAL INC. | $406 | 2.63% |
| CANTOR FITZGERALD & CO. | $292 | 1.89% |
C000010409 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $8.7M | 51.66% |
| BOFA SECURITIES, INC. | $4.0M | 23.88% |
| BARCLAYS CAPITAL INC. | $3.9M | 23.06% |
| Tender Offer | $235K | 1.40% |
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.