C000017851 Fees and Costs — T.Rowe Price Small Cap Growth Portfolio, Class A
Data updated: 2026-08-27
The net expense ratio is 0.51%: a 0.47% management fee plus 0.04% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $347K in broker commissions, 0.0317% of average net assets, and portfolio turnover was 50%.
C000017851 Fees and Expenses
Annual operating expenses and sales charges of C000017851. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.04% |
| Gross expense ratio | 0.51% |
| Fee waiver | — |
| Net expense ratio | 0.51% |
| 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 |
C000017851 Costs Over Time
On $10,000 invested in C000017851, assuming 5% a year before costs, total costs come to $342 over 5 years, cutting the return by 0.57% 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 0.51%) | $54 | $168 | $293 |
| Trading costs (broker commissions) | $3 | $10 | $18 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $57 | $187 | $342 |
| Value after costs | $10,443 | $11,389 | $12,421 |
| Impact on return, per year | 0.57% | 0.57% | 0.57% |
C000017851 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): 0.0317%
- Total broker commissions: $347K
- Bought from dealers (principal trades, not a cost): $492.1M
- Portfolio turnover (prospectus): 50%
- Securities on loan, average value: $96.3M
- Net income from securities lending: $296K (0.027% of average net assets)
C000017851 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $38K | 16.65% |
| Jefferies LLC | $27K | 11.88% |
| Goldman Sachs & Co. LLC | $26K | 11.18% |
| BofA Securities, Inc. | $24K | 10.53% |
| Evercore Group L.L.C. | $23K | 10.02% |
| Virtu Americas LLC | $21K | 9.28% |
| BMO Capital Markets Corp. | $21K | 9.23% |
| Robert W. Baird & Co. Incorporated | $17K | 7.46% |
| J.P. Morgan Securities LLC | $17K | 7.22% |
| RBC Capital Markets, LLC | $15K | 6.54% |
C000017851 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| T. Rowe Price Investment Services, Inc. | $368.2M | 74.88% |
| Morgan Stanley & Co. LLC | $74.7M | 15.19% |
| BofA Securities, Inc. | $18.2M | 3.69% |
| Goldman Sachs & Co. LLC | $16.9M | 3.44% |
| J.P. Morgan Securities LLC | $7.6M | 1.55% |
| Jefferies LLC | $3.4M | 0.69% |
| Citigroup Global Markets Inc. | $1.4M | 0.28% |
| Leerink Partners LLC | $530K | 0.11% |
| BMO Capital Markets Corp. | $523K | 0.11% |
| Piper Sandler & Co. | $352K | 0.07% |
T.Rowe Price Small Cap Growth Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000017851 | Class A | 0.51% | — |
| C000017853 | Class E | 0.66% | — |
| C000017852 | Class B | 0.76% | — |
| C000150813 | Class G | 0.81% | — |
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.