C000010426 Fees and Costs — Inverse NASDAQ-100 Strategy Fund, Variable Annuity
Data updated: 2026-08-21
The net expense ratio is 1.85% (1.98% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $24 in broker commissions, 0.0017% of average net assets, and portfolio turnover was 0%.
C000010426 Fees and Expenses
Annual operating expenses and sales charges of C000010426. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | — |
| Other expenses | 1.02% |
| Gross expense ratio | 1.98% |
| Fee waiver | −0.13% |
| Net expense ratio | 1.85% |
| 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 |
C000010426 Costs Over Time
On $10,000 invested in C000010426, assuming 5% a year before costs, total costs come to $1,139 over 5 years, cutting the return by 1.94% 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 1.85%) | $194 | $601 | $1,032 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $30 | $105 |
| Total costs | $194 | $631 | $1,139 |
| Value after costs | $10,306 | $10,945 | $11,624 |
| Impact on return, per year | 1.94% | 1.94% | 1.94% |
C000010426 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): 0.0017%
- Total broker commissions: $24
- Bought from dealers (principal trades, not a cost): $302.3M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
C000010426 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $24 | 100.00% |
C000010426 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $133.6M | 44.21% |
| BARCLAYS CAPITAL INC. | $57.4M | 18.98% |
| BOFA SECURITIES, INC. | $57.3M | 18.97% |
| BNP Paribas | $31.4M | 10.39% |
| GOLDMAN SACHS & CO. LLC | $21.5M | 7.11% |
| BMO Capital Markets Corp. | $463K | 0.15% |
| CastleOak Securities, LP | $250K | 0.08% |
| JEFFERIES LLC | $100K | 0.03% |
| Nomura Securities International, Inc. | $100K | 0.03% |
| Citigroup Global Markets Inc. | $100K | 0.03% |
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.