C000010862 Fees and Costs — Putnam VT Small Cap Growth Fund, Class Ib
Data updated: 2026-08-27
The net expense ratio is 1.12%: a 0.60% management fee, a 0.25% 12b-1 fee plus 0.32% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $40K in broker commissions, 0.1133% of average net assets, and portfolio turnover was 62%.
C000010862 Fees and Expenses
Annual operating expenses and sales charges of C000010862. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.32% |
| Gross expense ratio | 1.17% |
| Fee waiver | −0.05% |
| Net expense ratio | 1.12% |
| 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 |
C000010862 Costs Over Time
On $10,000 invested in C000010862, assuming 5% a year before costs, total costs come to $768 over 5 years, cutting the return by 1.29% 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 1.12%) | $118 | $366 | $633 |
| Trading costs (broker commissions) | $12 | $37 | $64 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $129 | $423 | $768 |
| Value after costs | $10,371 | $11,153 | $11,995 |
| Impact on return, per year | 1.29% | 1.29% | 1.29% |
C000010862 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): 0.1133%
- Total broker commissions: $40K
- Bought from dealers (principal trades, not a cost): $626K
- Portfolio turnover (prospectus): 62%
- Securities on loan, average value: $793K
- Net income from securities lending: $9K (0.026% of average net assets)
C000010862 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $7K | 21.46% |
| J.P. Morgan Securities LLC | $7K | 21.33% |
| Barclays Capital, Inc. | $4K | 12.03% |
| Raymond James & Associates, Inc. | $4K | 10.37% |
| UBS Securities LLC | $3K | 8.16% |
| William Blair & Company, L.L.C. | $2K | 6.50% |
| Piper Sandler & Co. | $2K | 5.94% |
| Stifel, Nicolaus & Company, Incorporated | $2K | 5.08% |
| RBC Capital Markets, LLC | $2K | 5.03% |
| Evercore Group L.L.C. | $1K | 4.11% |
C000010862 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $247K | 39.41% |
| Goldman Sachs & Co. LLC | $89K | 14.21% |
| J.P. Morgan Securities LLC | $86K | 13.71% |
| ROBERT W. BAIRD & CO. INCORPORATED | $83K | 13.20% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $43K | 6.82% |
| BofA Securities, Inc. | $41K | 6.58% |
| Citigroup Global Markets Inc. | $18K | 2.86% |
| Stephens Inc. | $17K | 2.66% |
| Morgan Stanley & Co. LLC | $3K | 0.54% |
Putnam VT Small Cap Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000010861 | Class Ia | 0.87% | — |
| C000010862 | Class Ib | 1.12% | — |
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.