C000017247 Fees and Costs — DWS Government & Agency Securities VIP, Class A
Data updated: 2020-03-09
The net expense ratio is 0.53%: a 0.45% management fee plus 0.48% other expenses, less a 0.40% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $3K in broker commissions, 0.0073% of average net assets, and portfolio turnover was 448%.
C000017247 Fees and Expenses
Annual operating expenses and sales charges of C000017247. Prospectus, as of April 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.48% |
| Gross expense ratio | 0.93% |
| Fee waiver | −0.40% |
| Net expense ratio | 0.53% |
| 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 |
C000017247 Costs Over Time
On $10,000 invested in C000017247, assuming 5% a year before costs, total costs come to $339 over 5 years, cutting the return by 0.56% 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 0.53%) | $56 | $174 | $304 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $56 | $186 | $339 |
| Value after costs | $10,444 | $11,391 | $12,424 |
| Impact on return, per year | 0.56% | 0.56% | 0.56% |
C000017247 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): 0.0073%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $489.6M
- Portfolio turnover (prospectus): 448%
- Securities on loan, average value: —
- Net income from securities lending: —
C000017247 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $3K | 100.00% |
C000017247 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $80.4M | 17.10% |
| State Street Bank and Trust Company | $71.0M | 15.11% |
| Citigroup Global Markets Inc. | $65.0M | 13.81% |
| J.P. Morgan Securities LLC | $59.9M | 12.73% |
| Wells Fargo Securities, LLC | $57.8M | 12.28% |
| BofA Securities, Inc. | $44.7M | 9.52% |
| Goldman Sachs & Co. LLC | $32.2M | 6.86% |
| Credit Suisse Securities (USA) LLC | $23.2M | 4.94% |
| BNY Mellon Capital Markets, LLC | $21.3M | 4.52% |
| Daiwa Capital Markets America Inc. | $14.7M | 3.12% |
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.