C000010418 Fees and Costs — Europe 1.25x Strategy Fund, Variable Annuity
Data updated: 2026-08-21
The net expense ratio is 1.76% (1.97% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $5K in broker commissions, 0.1909% of average net assets, and portfolio turnover was 467%.
C000010418 Fees and Expenses
Annual operating expenses and sales charges of C000010418. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | — |
| Other expenses | 1.03% |
| Gross expense ratio | 1.97% |
| Fee waiver | −0.21% |
| Net expense ratio | 1.76% |
| 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 |
C000010418 Costs Over Time
On $10,000 invested in C000010418, assuming 5% a year before costs, total costs come to $1,197 over 5 years, cutting the return by 2.05% 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 1.76%) | $185 | $571 | $980 |
| Trading costs (broker commissions) | $20 | $62 | $106 |
| Lost growth on money paid in costs | $0 | $32 | $111 |
| Total costs | $205 | $664 | $1,197 |
| Value after costs | $10,295 | $10,912 | $11,566 |
| Impact on return, per year | 2.05% | 2.05% | 2.05% |
C000010418 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): 0.1909%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $217.2M
- Portfolio turnover (prospectus): 467%
- Securities on loan, average value: $80K
- Net income from securities lending: $2K (0.088% of average net assets)
C000010418 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $3K | 57.66% |
| Instinet, LLC | $1K | 21.65% |
| BTIG, LLC | $1K | 20.69% |
C000010418 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $113.9M | 52.43% |
| BARCLAYS CAPITAL INC. | $52.1M | 24.00% |
| BOFA SECURITIES, INC. | $51.2M | 23.56% |
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.