C000017202 Fees and Costs — DWS Global Equity VIP, Class A
Data updated: 2021-11-19
The net expense ratio is 0.85%: a 0.65% management fee plus 0.51% other expenses, less a 0.31% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $4K in broker commissions, 0.0149% of average net assets, and portfolio turnover was 13%.
C000017202 Fees and Expenses
Annual operating expenses and sales charges of C000017202. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.51% |
| Gross expense ratio | 1.16% |
| Fee waiver | −0.31% |
| Net expense ratio | 0.85% |
| 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 |
C000017202 Costs Over Time
On $10,000 invested in C000017202, assuming 5% a year before costs, total costs come to $542 over 5 years, cutting the return by 0.91% 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 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $91 | $298 | $542 |
| Value after costs | $10,409 | $11,278 | $12,220 |
| Impact on return, per year | 0.91% | 0.91% | 0.91% |
C000017202 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0149%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $11.6M
- Portfolio turnover (prospectus): 13%
- Securities on loan, average value: $349K
- Net income from securities lending: $7K (0.024% of average net assets)
C000017202 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $892 | 20.86% |
| Goldman Sachs & Co. LLC | $823 | 19.24% |
| J.P. Morgan Securities LLC | $542 | 12.67% |
| Citigroup Global Markets Inc. | $521 | 12.19% |
| BofA Securities, Inc. | $411 | 9.61% |
| UBS Securities LLC | $317 | 7.41% |
| Morgan Stanley & Co. LLC | $301 | 7.04% |
| Mizuho Securities USA LLC | $233 | 5.45% |
| Instinet, LLC | $220 | 5.15% |
| HSBC Securities (USA) Inc. | $16 | 0.38% |
C000017202 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Brown Brothers Harriman & Co. | $10.7M | 92.43% |
| Goldman Sachs & Co. LLC | $582K | 5.01% |
| BofA Securities, Inc. | $162K | 1.40% |
| Morgan Stanley & Co. LLC | $106K | 0.91% |
| Barclays Capital Inc. | $21K | 0.18% |
| J.P. Morgan Securities LLC | $8K | 0.07% |
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.