C000017216 Fees and Costs — DWS Multisector Income VIP, Class A
Data updated: 2020-03-09
The net expense ratio is 0.66%: a 0.55% management fee plus 1.64% other expenses, less a 1.53% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $369 in broker commissions, 0.0042% of average net assets, and portfolio turnover was 85%.
C000017216 Fees and Expenses
Annual operating expenses and sales charges of C000017216. Prospectus, as of April 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.64% |
| Gross expense ratio | 2.19% |
| Fee waiver | −1.53% |
| Net expense ratio | 0.66% |
| 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 |
C000017216 Costs Over Time
On $10,000 invested in C000017216, assuming 5% a year before costs, total costs come to $418 over 5 years, cutting the return by 0.70% 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 0.66%) | $69 | $217 | $378 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $70 | $229 | $418 |
| Value after costs | $10,430 | $11,347 | $12,345 |
| Impact on return, per year | 0.70% | 0.70% | 0.70% |
C000017216 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0042%
- Total broker commissions: $369
- Bought from dealers (principal trades, not a cost): $44.9M
- Portfolio turnover (prospectus): 85%
- Securities on loan, average value: $210K
- Net income from securities lending: $3K (0.029% of average net assets)
C000017216 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $369 | 100.00% |
C000017216 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $13.7M | 33.20% |
| J.P. Morgan Securities LLC | $7.6M | 18.51% |
| BofA Securities, Inc. | $4.5M | 10.97% |
| Morgan Stanley & Co. LLC | $3.6M | 8.75% |
| Citigroup Global Markets Inc. | $3.4M | 8.23% |
| Goldman Sachs & Co. LLC | $2.8M | 6.71% |
| BNY Mellon Capital Markets, LLC | $1.9M | 4.67% |
| Credit Agricole Securities (USA) Inc. | $1.3M | 3.25% |
| Wells Fargo Securities, LLC | $1.3M | 3.13% |
| Barclays Capital Inc. | $1.1M | 2.59% |
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.