C000023916 Fees and Costs — Growth Fund, Class 1
Data updated: 2026-08-27
The net expense ratio is 0.33%: a 0.30% management fee plus 0.03% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $4.7M in broker commissions, 0.0093% of average net assets, and portfolio turnover was 27%.
C000023916 Fees and Expenses
Annual operating expenses and sales charges of C000023916. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | — |
| Other expenses | 0.03% |
| Gross expense ratio | 0.33% |
| Fee waiver | — |
| Net expense ratio | 0.33% |
| 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 |
C000023916 Costs Over Time
On $10,000 invested in C000023916, assuming 5% a year before costs, total costs come to $215 over 5 years, cutting the return by 0.36% 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 0.33%) | $35 | $109 | $190 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $6 | $20 |
| Total costs | $36 | $117 | $215 |
| Value after costs | $10,464 | $11,459 | $12,548 |
| Impact on return, per year | 0.36% | 0.36% | 0.36% |
C000023916 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): 0.0093%
- Total broker commissions: $4.7M
- Bought from dealers (principal trades, not a cost): $83.2M
- Portfolio turnover (prospectus): 27%
- Securities on loan, average value: $48.5M
- Net income from securities lending: $588K (0.001% of average net assets)
C000023916 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Bank of America, N.A. | $486K | 16.51% |
| Jefferies & Company Inc. | $392K | 13.30% |
| J.P. Morgan Securities LLC | $351K | 11.92% |
| Goldman Sachs & Co. LLC | $323K | 10.96% |
| RBC Capital Markets LLC | $265K | 9.00% |
| UBS AG | $247K | 8.37% |
| Morgan Stanley & Co. LLC | $244K | 8.27% |
| Citigroup Global Markets Inc. | $240K | 8.13% |
| TD Securities (USA) | $219K | 7.44% |
| Barclays Bank PLC | $180K | 6.10% |
C000023916 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Bank of America, N.A. | $30.7M | 36.91% |
| J.P. Morgan Securities LLC | $24.8M | 29.76% |
| Wells Fargo Securities, LLC | $15.0M | 18.03% |
| Goldman Sachs & Co. LLC | $6.7M | 8.08% |
| Morgan Stanley & Co. LLC | $6.0M | 7.22% |
Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000023916 | Class 1 | 0.33% | — |
| C000023918 | Class 3 | 0.51% | — |
| C000023917 | Class 2 | 0.58% | — |
| C000176239 | Class 1A | 0.58% | — |
| C000121507 | Class 4 | 0.83% | — |
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.