C000020925 Fees and Costs — Core Plus Bond Account, Class 1
Data updated: 2026-08-25
The net expense ratio is 0.50%: a 0.47% management fee plus 0.02% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $4K in broker commissions, 0.0019% of average net assets, and portfolio turnover was 170%.
C000020925 Fees and Expenses
Annual operating expenses and sales charges of C000020925. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | — |
| Other expenses | 0.02% |
| Gross expense ratio | 0.50% |
| Fee waiver | — |
| Net expense ratio | 0.50% |
| 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 |
C000020925 Costs Over Time
On $10,000 invested in C000020925, assuming 5% a year before costs, total costs come to $317 over 5 years, cutting the return by 0.53% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $53 | $173 | $317 |
| Value after costs | $10,447 | $11,403 | $12,446 |
| Impact on return, per year | 0.53% | 0.53% | 0.53% |
C000020925 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): 0.0019%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $823.1M
- Portfolio turnover (prospectus): 170%
- Securities on loan, average value: $2.6M
- Net income from securities lending: $19K (0.009% of average net assets)
C000020925 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JANE STREET CAPITAL | $2K | 40.82% |
| BANK OF AMERICA | $2K | 40.58% |
| GOLDMAN SACHS CO. | $520 | 12.56% |
| MORGAN STANLEY & CO. LLC. | $250 | 6.04% |
C000020925 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES | $265.8M | 36.65% |
| GOLDMAN SACHS CO. | $127.2M | 17.53% |
| J.P. MORGAN SECURITIES LLC | $121.5M | 16.74% |
| MORGAN STANLEY & CO. LLC. | $43.3M | 5.97% |
| CITIGROUP GLOBAL MARKETS | $42.8M | 5.90% |
| BMO CAPITAL MARKETS | $40.4M | 5.56% |
| BARCLAYS CAPITAL INC. | $30.6M | 4.22% |
| BANK OF AMERICA | $28.8M | 3.97% |
| BNP PARIBAS SECURITIES CORP | $15.7M | 2.17% |
| JANE STREET CAPITAL | $9.3M | 1.29% |
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.