C000010411 Fees and Costs — S&P MidCap 400 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 $7K in broker commissions, 0.1009% of average net assets, and portfolio turnover was 247%.
C000010411 Fees and Expenses
Annual operating expenses and sales charges of C000010411. 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 |
C000010411 Costs Over Time
On $10,000 invested in C000010411, assuming 5% a year before costs, total costs come to $1,103 over 5 years, cutting the return by 1.88% 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 | $944 |
| Trading costs (broker commissions) | $11 | $33 | $56 |
| Lost growth on money paid in costs | $0 | $29 | $102 |
| Total costs | $188 | $611 | $1,103 |
| Value after costs | $10,312 | $10,965 | $11,660 |
| Impact on return, per year | 1.88% | 1.88% | 1.88% |
C000010411 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): 0.1009%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $13.8M
- Portfolio turnover (prospectus): 247%
- Securities on loan, average value: $29K
- Net income from securities lending: $234 (0.003% of average net assets)
C000010411 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, LLC | $4K | 49.28% |
| BARCLAYS CAPITAL INC. | $2K | 31.99% |
| BTIG, LLC | $977 | 13.65% |
| CANTOR FITZGERALD & CO. | $220 | 3.07% |
| BOFA SECURITIES, INC. | $144 | 2.01% |
C000010411 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $7.0M | 51.08% |
| BOFA SECURITIES, INC. | $3.2M | 23.50% |
| BARCLAYS CAPITAL INC. | $3.1M | 22.83% |
| TENDER OFFER | $356K | 2.59% |
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.