C000020904 Fees and Costs — Global Emerging Markets Account, Class 1
Data updated: 2026-08-25
The net expense ratio is 1.12%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $92K in broker commissions, 0.1240% of average net assets, and portfolio turnover was 51%.
C000020904 Fees and Expenses
Annual operating expenses and sales charges of C000020904. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | — |
| Other expenses | 0.12% |
| Gross expense ratio | — |
| Fee waiver | — |
| Net expense ratio | 1.12% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000020904 Costs Over Time
On $10,000 invested in C000020904, assuming 5% a year before costs, total costs come to $774 over 5 years, cutting the return by 1.31% 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 1.12%) | $118 | $366 | $633 |
| Trading costs (broker commissions) | $13 | $41 | $70 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $131 | $427 | $774 |
| Value after costs | $10,369 | $11,150 | $11,988 |
| Impact on return, per year | 1.31% | 1.31% | 1.31% |
C000020904 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): 0.1240%
- Total broker commissions: $92K
- Bought from dealers (principal trades, not a cost): $87K
- Portfolio turnover (prospectus): 51%
- Securities on loan, average value: $110K
- Net income from securities lending: $3K (0.004% of average net assets)
C000020904 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $13K | 17.90% |
| GOLDMAN SACHS CO. | $11K | 15.53% |
| UBS SECURITIES LLC | $8K | 11.80% |
| CITIGROUP GLOBAL MARKETS | $8K | 11.05% |
| MORGAN STANLEY & CO. LLC. | $8K | 10.78% |
| BANK OF AMERICA | $7K | 9.12% |
| JEFFERIES & COMPANY | $5K | 7.53% |
| MACQUARIE GROUP LTD. | $5K | 6.49% |
| HSBC SECURITIES INC. | $4K | 5.58% |
| CREDIT AGRICOLE | $3K | 4.24% |
C000020904 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES & COMPANY | $57K | 65.43% |
| GOLDMAN SACHS CO. | $27K | 31.53% |
| UBS SECURITIES LLC | $3K | 3.04% |
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.