C000017248 Fees and Costs — DWS Government & Agency Securities VIP, Class B
Data updated: 2020-03-09
The net expense ratio is 0.88%: a 0.45% management fee, a 0.25% 12b-1 fee plus 0.58% 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%.
C000017248 Fees and Expenses
Annual operating expenses and sales charges of C000017248. Prospectus, as of April 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.58% |
| Gross expense ratio | 1.28% |
| Fee waiver | −0.40% |
| Net expense ratio | 0.88% |
| 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 |
C000017248 Costs Over Time
On $10,000 invested in C000017248, assuming 5% a year before costs, total costs come to $556 over 5 years, cutting the return by 0.93% 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 0.88%) | $92 | $289 | $501 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $93 | $305 | $556 |
| Value after costs | $10,407 | $11,271 | $12,207 |
| Impact on return, per year | 0.93% | 0.93% | 0.93% |
C000017248 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: —
C000017248 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $3K | 100.00% |
C000017248 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.