C000023919 Fees and Costs — International Fund, Class 1
Data updated: 2026-08-27
The net expense ratio is 0.47%: a 0.48% management fee plus 0.05% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $5.5M in broker commissions, 0.0772% of average net assets, and portfolio turnover was 63%.
C000023919 Fees and Expenses
Annual operating expenses and sales charges of C000023919. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.48% |
| 12b-1 fee | — |
| Other expenses | 0.05% |
| Gross expense ratio | 0.53% |
| Fee waiver | −0.06% |
| Net expense ratio | 0.47% |
| 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 |
C000023919 Costs Over Time
On $10,000 invested in C000023919, assuming 5% a year before costs, total costs come to $345 over 5 years, cutting the return by 0.57% 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 0.47%) | $49 | $155 | $270 |
| Trading costs (broker commissions) | $8 | $25 | $44 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $57 | $189 | $345 |
| Value after costs | $10,443 | $11,387 | $12,417 |
| Impact on return, per year | 0.57% | 0.57% | 0.57% |
C000023919 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): 0.0772%
- Total broker commissions: $5.5M
- Bought from dealers (principal trades, not a cost): $15.1M
- Portfolio turnover (prospectus): 63%
- Securities on loan, average value: $14.6M
- Net income from securities lending: $99K (0.001% of average net assets)
C000023919 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $681K | 18.11% |
| Morgan Stanley & Co. LLC | $626K | 16.65% |
| J.P. Morgan Securities LLC | $485K | 12.92% |
| UBS AG | $438K | 11.66% |
| Jefferies & Company Inc. | $383K | 10.19% |
| Bank of America, N.A. | $370K | 9.84% |
| CLSA B.V. | $212K | 5.64% |
| RBC Capital Markets LLC | $202K | 5.36% |
| TD Securities (USA) | $183K | 4.87% |
| BTIG, LLC | $179K | 4.76% |
C000023919 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $6.6M | 43.49% |
| Morgan Stanley & Co. LLC | $4.9M | 32.35% |
| Barclays Bank PLC | $3.0M | 19.90% |
| State Street Bank and Trust Company | $350K | 2.32% |
| SMBC Nikko Securities | $292K | 1.93% |
International Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000023919 | Class 1 | 0.47% | — |
| C000023921 | Class 3 | 0.65% | — |
| C000023920 | Class 2 | 0.72% | — |
| C000176240 | Class 1A | 0.72% | — |
| C000121508 | Class 4 | 0.97% | — |
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.