C000010884 Fees and Costs — Putnam VT Large Cap Value Fund, Class Ib
Data updated: 2026-08-27
The net expense ratio is 0.79%: a 0.45% management fee, a 0.25% 12b-1 fee plus 0.09% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $406K in broker commissions, 0.0183% of average net assets, and portfolio turnover was 21%.
C000010884 Fees and Expenses
Annual operating expenses and sales charges of C000010884. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.79% |
| Fee waiver | — |
| Net expense ratio | 0.79% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000010884 Costs Over Time
On $10,000 invested in C000010884, assuming 5% a year before costs, total costs come to $508 over 5 years, cutting the return by 0.85% 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 0.79%) | $83 | $259 | $451 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $85 | $278 | $508 |
| Value after costs | $10,415 | $11,298 | $12,255 |
| Impact on return, per year | 0.85% | 0.85% | 0.85% |
C000010884 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): 0.0183%
- Total broker commissions: $406K
- Bought from dealers (principal trades, not a cost): $103.0M
- Portfolio turnover (prospectus): 21%
- Securities on loan, average value: $7.7M
- Net income from securities lending: $18K (0.001% of average net assets)
C000010884 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $57K | 17.09% |
| BofA Securities, Inc. | $55K | 16.40% |
| RBC Capital Markets, LLC | $50K | 15.02% |
| Citigroup Global Markets Inc. | $41K | 12.26% |
| JonesTrading Institutional Services LLC | $33K | 9.98% |
| J.P. Morgan Securities LLC | $29K | 8.83% |
| UBS Securities LLC | $26K | 7.80% |
| Jefferies LLC | $16K | 4.83% |
| Stifel, Nicolaus & Company, Incorporated | $13K | 3.95% |
| Barclays Capital, Inc. | $13K | 3.84% |
C000010884 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $44.8M | 43.49% |
| J.P. Morgan Securities LLC | $38.2M | 37.07% |
| BMO Capital Markets Corp. | $6.6M | 6.40% |
| Morgan Stanley & Co. LLC | $4.7M | 4.60% |
| Goldman Sachs & Co. LLC | $4.7M | 4.52% |
| Wells Fargo Securities, LLC | $2.5M | 2.39% |
| Citadel Securities LLC | $983K | 0.95% |
| Nomura Securities International, Inc. | $590K | 0.57% |
Putnam VT Large Cap Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000010883 | Class Ia | 0.54% | — |
| C000010884 | Class Ib | 0.79% | — |
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.