C000020055 Fees and Costs — Bond-Debenture Portfolio, Class VC
Data updated: 2026-08-28
The net expense ratio is 0.99%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $292K in broker commissions, 0.0254% of average net assets, and portfolio turnover was 306%.
C000020055 Fees and Expenses
Annual operating expenses and sales charges of C000020055. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | — |
| Other expenses | 0.42% |
| Gross expense ratio | 0.99% |
| Fee waiver | — |
| Net expense ratio | 0.99% |
| 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 |
C000020055 Costs Over Time
On $10,000 invested in C000020055, assuming 5% a year before costs, total costs come to $635 over 5 years, cutting the return by 1.07% 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 0.99%) | $104 | $324 | $562 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $107 | $349 | $635 |
| Value after costs | $10,393 | $11,227 | $12,128 |
| Impact on return, per year | 1.07% | 1.07% | 1.07% |
C000020055 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): 0.0254%
- Total broker commissions: $292K
- Bought from dealers (principal trades, not a cost): $11.4B
- Portfolio turnover (prospectus): 306%
- Securities on loan, average value: $20.6M
- Net income from securities lending: $213K (0.018% of average net assets)
C000020055 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $37K | 15.79% |
| BofA Securities, Inc. | $34K | 14.86% |
| UBS Securities LLC | $33K | 14.16% |
| Morgan Stanley & Co. LLC | $31K | 13.31% |
| Goldman Sachs & Co. LLC | $21K | 9.12% |
| Jefferies LLC | $19K | 8.25% |
| Barclays Capital Inc. | $17K | 7.24% |
| Citigroup Global Markets Inc. | $15K | 6.52% |
| BNP Paribas Securities Corp. | $14K | 6.09% |
| Berenberg Capital Markets LLC | $11K | 4.67% |
C000020055 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $2.1B | 19.75% |
| Barclays Capital Inc. | $1.8B | 16.21% |
| Citigroup Global Markets Inc. | $1.2B | 11.25% |
| J.P. Morgan Securities LLC | $1.1B | 10.34% |
| Mizuho Securities USA LLC | $1.1B | 10.14% |
| Goldman Sachs & Co. LLC | $1.1B | 9.88% |
| Morgan Stanley & Co. LLC | $856.3M | 7.91% |
| BNP Paribas Securities Corp. | $725.6M | 6.70% |
| BofA Securities, Inc. | $638.2M | 5.90% |
| Stonex Financial Inc. | $207.9M | 1.92% |
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.