C000010421 Fees and Costs — NASDAQ-100 2x Strategy Fund, Variable Annuity
Data updated: 2026-08-21
The net expense ratio is 1.90%: a 0.90% management fee plus 1.10% other expenses, less a 0.10% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $43K in broker commissions, 0.0316% of average net assets, and portfolio turnover was 497%.
C000010421 Fees and Expenses
Annual operating expenses and sales charges of C000010421. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | — |
| Other expenses | 1.10% |
| Gross expense ratio | 2.00% |
| Fee waiver | −0.10% |
| Net expense ratio | 1.90% |
| 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 |
C000010421 Costs Over Time
On $10,000 invested in C000010421, assuming 5% a year before costs, total costs come to $1,186 over 5 years, cutting the return by 2.03% 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 1.90%) | $200 | $616 | $1,059 |
| Trading costs (broker commissions) | $3 | $10 | $18 |
| Lost growth on money paid in costs | $0 | $31 | $110 |
| Total costs | $203 | $658 | $1,186 |
| Value after costs | $10,297 | $10,918 | $11,577 |
| Impact on return, per year | 2.03% | 2.03% | 2.03% |
C000010421 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): 0.0316%
- Total broker commissions: $43K
- Bought from dealers (principal trades, not a cost): $5.0B
- Portfolio turnover (prospectus): 497%
- Securities on loan, average value: $25K
- Net income from securities lending: $50 (0.000% of average net assets)
C000010421 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, LLC | $23K | 54.79% |
| BOFA SECURITIES, INC. | $8K | 18.38% |
| BARCLAYS CAPITAL INC. | $6K | 14.77% |
| GOLDMAN SACHS & CO. LLC | $5K | 12.07% |
C000010421 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $1.8B | 35.94% |
| J.P. MORGAN SECURITIES LLC | $1.4B | 28.53% |
| BARCLAYS CAPITAL INC. | $762.0M | 15.33% |
| BOFA SECURITIES, INC. | $605.3M | 12.18% |
| BNP Paribas | $370.1M | 7.45% |
| Nomura Securities International, Inc. | $17.8M | 0.36% |
| Citigroup Global Markets Inc. | $8.5M | 0.17% |
| BMO Capital Markets Corp. | $1.7M | 0.03% |
| JEFFERIES LLC | $693K | 0.01% |
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.