C000020053 Fees and Costs — Fundamental Equity Portfolio, Class VC
Data updated: 2026-08-28
The net expense ratio is 1.08%: a 0.74% management fee plus 0.45% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $79K in broker commissions, 0.0389% of average net assets, and portfolio turnover was 74%.
C000020053 Fees and Expenses
Annual operating expenses and sales charges of C000020053. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.74% |
| 12b-1 fee | — |
| Other expenses | 0.45% |
| Gross expense ratio | 1.19% |
| Fee waiver | −0.11% |
| Net expense ratio | 1.08% |
| 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 |
C000020053 Costs Over Time
On $10,000 invested in C000020053, assuming 5% a year before costs, total costs come to $698 over 5 years, cutting the return by 1.17% 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 1.08%) | $113 | $353 | $612 |
| Trading costs (broker commissions) | $4 | $13 | $22 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $117 | $384 | $698 |
| Value after costs | $10,383 | $11,192 | $12,065 |
| Impact on return, per year | 1.17% | 1.17% | 1.17% |
C000020053 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): 0.0389%
- Total broker commissions: $79K
- Bought from dealers (principal trades, not a cost): $531.0M
- Portfolio turnover (prospectus): 74%
- Securities on loan, average value: $11K
- Net income from securities lending: $18 (0.000% of average net assets)
C000020053 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $14K | 19.55% |
| UBS Securities LLC | $10K | 14.41% |
| Morgan Stanley & Co. LLC | $10K | 13.84% |
| Citigroup Global Markets Inc. | $10K | 13.81% |
| J.P. Morgan Securities LLC | $8K | 12.04% |
| Goldman Sachs & Co. LLC | $7K | 10.59% |
| Jefferies LLC | $3K | 4.83% |
| RBC Capital Markets, LLC | $3K | 4.26% |
| Raymond James & Associates, Inc. | $2K | 3.51% |
| Barclays Capital Inc. | $2K | 3.13% |
C000020053 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $531.0M | 100.00% |
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.