C000010428 Fees and Costs — Basic Materials Fund, Variable Annuity
Data updated: 2026-08-21
The net expense ratio is 1.78%: a 0.85% 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, 0.0448% of average net assets, and portfolio turnover was 103%.
C000010428 Fees and Expenses
Annual operating expenses and sales charges of C000010428. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | — |
| Other expenses | 0.98% |
| Gross expense ratio | 1.83% |
| Fee waiver | −0.05% |
| Net expense ratio | 1.78% |
| 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 |
C000010428 Costs Over Time
On $10,000 invested in C000010428, assuming 5% a year before costs, total costs come to $1,123 over 5 years, cutting the return by 1.92% 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 1.78%) | $187 | $578 | $994 |
| Trading costs (broker commissions) | $5 | $15 | $25 |
| Lost growth on money paid in costs | $0 | $30 | $104 |
| Total costs | $192 | $622 | $1,123 |
| Value after costs | $10,308 | $10,954 | $11,640 |
| Impact on return, per year | 1.92% | 1.92% | 1.92% |
C000010428 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): 0.0448%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $11.3M
- Portfolio turnover (prospectus): 103%
- Securities on loan, average value: $54K
- Net income from securities lending: $494 (0.008% of average net assets)
C000010428 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL INC. | $1K | 41.84% |
| Instinet, LLC | $1K | 38.67% |
| BTIG, LLC | $449 | 15.35% |
| BOFA SECURITIES, INC. | $104 | 3.56% |
| CANTOR FITZGERALD & CO. | $17 | 0.57% |
C000010428 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $5.8M | 51.42% |
| BOFA SECURITIES, INC. | $2.7M | 24.14% |
| BARCLAYS CAPITAL INC. | $2.6M | 23.14% |
| TENDER OFFER | $146K | 1.29% |
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.