C000012157 Fees and Costs — Growth Portfolio
Data updated: 2026-08-28
The net expense ratio is 0.36%: a 0.35% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $165K in broker commissions, 0.0100% of average net assets, and portfolio turnover was 49%.
C000012157 Fees and Expenses
Annual operating expenses and sales charges of C000012157. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.36% |
| Fee waiver | — |
| Net expense ratio | 0.36% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000012157 Costs Over Time
On $10,000 invested in C000012157, assuming 5% a year before costs, total costs come to $234 over 5 years, cutting the return by 0.39% 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 0.36%) | $38 | $119 | $207 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $39 | $128 | $234 |
| Value after costs | $10,461 | $11,448 | $12,528 |
| Impact on return, per year | 0.39% | 0.39% | 0.39% |
C000012157 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): 0.0100%
- Total broker commissions: $165K
- Bought from dealers (principal trades, not a cost): $5.3B
- Portfolio turnover (prospectus): 49%
- Securities on loan, average value: $451K
- Net income from securities lending: $44K (0.003% of average net assets)
C000012157 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| THE GOLDMAN SACHS GROUP, INC. | $22K | 18.15% |
| JPMORGAN CHASE & CO. | $20K | 16.85% |
| MORGAN STANLEY | $17K | 14.48% |
| UBS GROUP AG | $17K | 13.77% |
| BANK OF AMERICA CORPORATION | $11K | 8.98% |
| Royal Bank of Canada | $9K | 7.23% |
| BARCLAYS PLC | $7K | 6.08% |
| JEFFERIES FINANCIAL GROUP INC. | $6K | 5.07% |
| Robert W. Baird & Co. Incorporated | $6K | 4.99% |
| ALLEN & COMPANY LLC | $5K | 4.40% |
C000012157 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA CORPORATION | $5.3B | 99.35% |
| Vanguard Market Liquidity Fund | $30.5M | 0.57% |
| MORGAN STANLEY | $1.4M | 0.03% |
| THE GOLDMAN SACHS GROUP, INC. | $1.2M | 0.02% |
| CITIGROUP INC. | $620K | 0.01% |
| JEFFERIES FINANCIAL GROUP INC. | $587K | 0.01% |
| JPMORGAN CHASE & CO. | $226K | 0.00% |
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.