C000023911 Fees and Costs — Ultra-Short Bond Fund, Class 1
Data updated: 2026-08-27
The net expense ratio is 0.31%: a 0.26% management fee plus 0.05% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 1%.
C000023911 Fees and Expenses
Annual operating expenses and sales charges of C000023911. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.26% |
| 12b-1 fee | — |
| Other expenses | 0.05% |
| Gross expense ratio | 0.31% |
| Fee waiver | — |
| Net expense ratio | 0.31% |
| 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 |
C000023911 Costs Over Time
On $10,000 invested in C000023911, assuming 5% a year before costs, total costs come to $197 over 5 years, cutting the return by 0.33% 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 0.31%) | $33 | $102 | $179 |
| Lost growth on money paid in costs | $0 | $5 | $18 |
| Total costs | $33 | $107 | $197 |
| Value after costs | $10,467 | $11,469 | $12,566 |
| Impact on return, per year | 0.33% | 0.33% | 0.33% |
C000023911 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $3.4B
- Portfolio turnover (prospectus): 1%
- Securities lending: none during the year
C000023911 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $686.1M | 23.93% |
| Barclays Bank PLC | $610.6M | 21.30% |
| Bank of America, N.A. | $484.9M | 16.92% |
| Goldman Sachs & Co. LLC | $284.0M | 9.91% |
| Citigroup Global Markets Inc. | $205.4M | 7.17% |
| RBC Capital Markets LLC | $144.6M | 5.04% |
| Mizuho Bank, Ltd. | $122.8M | 4.28% |
| Mitsubishi UFJ Financial Group, Inc. | $111.2M | 3.88% |
| BMO Capital Markets Corp. | $109.2M | 3.81% |
| Prudential Funding LLC | $107.8M | 3.76% |
Ultra-Short Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000023911 | Class 1 | 0.31% | — |
| C000023913 | Class 3 | 0.49% | — |
| C000023912 | Class 2 | 0.56% | — |
| C000176237 | Class 1A | 0.56% | — |
| C000121505 | Class 4 | 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.