C000010419 Fees and Costs — Japan 2x Strategy Fund, Variable Annuity
Data updated: 2026-08-21
The net expense ratio is 1.68%: a 0.75% management fee plus 0.98% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $3K in broker commissions, 0.2202% of average net assets, and portfolio turnover was 0%.
C000010419 Fees and Expenses
Annual operating expenses and sales charges of C000010419. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | 0.98% |
| Gross expense ratio | 1.73% |
| Fee waiver | −0.05% |
| Net expense ratio | 1.68% |
| 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 |
C000010419 Costs Over Time
On $10,000 invested in C000010419, assuming 5% a year before costs, total costs come to $1,167 over 5 years, cutting the return by 2.00% 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 1.68%) | $176 | $545 | $937 |
| Trading costs (broker commissions) | $23 | $71 | $123 |
| Lost growth on money paid in costs | $0 | $31 | $108 |
| Total costs | $200 | $647 | $1,167 |
| Value after costs | $10,300 | $10,929 | $11,595 |
| Impact on return, per year | 2.00% | 2.00% | 2.00% |
C000010419 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): 0.2202%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $177.7M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
C000010419 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $3K | 100.00% |
C000010419 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $85.6M | 48.13% |
| BARCLAYS CAPITAL INC. | $49.7M | 27.94% |
| BOFA SECURITIES, INC. | $41.7M | 23.46% |
| Nomura Securities International, Inc. | $300K | 0.17% |
| ACADEMY SECURITIES, INC | $135K | 0.08% |
| StoneX Financial Inc. | $100K | 0.06% |
| MIZUHO SECURITIES USA LLC | $100K | 0.06% |
| BMO Capital Markets Corp. | $100K | 0.06% |
| Citigroup Global Markets Inc. | $100K | 0.06% |
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.