C000010416 Fees and Costs — Multi-Hedge Strategies Fund, Variable Annuity
Data updated: 2026-08-21
The net expense ratio is 1.75% (1.80% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $131K in broker commissions, 0.4807% of average net assets, and portfolio turnover was 163%.
C000010416 Fees and Expenses
Annual operating expenses and sales charges of C000010416. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.19% |
| 12b-1 fee | — |
| Other expenses | 0.44% |
| Gross expense ratio | 1.80% |
| Fee waiver | −0.05% |
| Net expense ratio | 1.75% |
| 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 |
C000010416 Costs Over Time
On $10,000 invested in C000010416, assuming 5% a year before costs, total costs come to $1,361 over 5 years, cutting the return by 2.34% 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 1.75%) | $184 | $566 | $969 |
| Trading costs (broker commissions) | $50 | $155 | $266 |
| Lost growth on money paid in costs | $0 | $36 | $126 |
| Total costs | $234 | $758 | $1,361 |
| Value after costs | $10,266 | $10,819 | $11,401 |
| Impact on return, per year | 2.34% | 2.34% | 2.34% |
C000010416 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): 0.4807%
- Total broker commissions: $131K
- Bought from dealers (principal trades, not a cost): $1.6B
- Portfolio turnover (prospectus): 163%
- Securities on loan, average value: $30K
- Net income from securities lending: $2K (0.006% of average net assets)
C000010416 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $118K | 90.06% |
| Instinet, LLC | $11K | 8.69% |
| Sanford C. Bernstein & Co., LLC | $2K | 1.25% |
C000010416 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $814.0M | 51.22% |
| BARCLAYS CAPITAL INC. | $374.2M | 23.55% |
| BOFA SECURITIES, INC. | $374.1M | 23.54% |
| TENDER OFFER | $14.7M | 0.93% |
| BMO Capital Markets Corp. | $10.8M | 0.68% |
| Nomura Securities International, Inc. | $1.2M | 0.08% |
| GOLDMAN SACHS & CO. LLC | $105K | 0.01% |
| Sanford C. Bernstein & Co., LLC | $35K | 0.00% |
| Instinet, LLC | $12K | 0.00% |
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.