C000032290 Fees and Costs — Russell 2000 2x Strategy Fund, Variable Annuity
Data updated: 2026-08-21
The net expense ratio is 1.88%: a 0.90% management fee plus 1.08% other expenses, less a 0.10% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $476 in broker commissions, 0.0083% of average net assets, and portfolio turnover was 0%.
C000032290 Fees and Expenses
Annual operating expenses and sales charges of C000032290. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | — |
| Other expenses | 1.08% |
| Gross expense ratio | 1.98% |
| Fee waiver | −0.10% |
| Net expense ratio | 1.88% |
| 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 |
C000032290 Costs Over Time
On $10,000 invested in C000032290, assuming 5% a year before costs, total costs come to $1,160 over 5 years, cutting the return by 1.98% 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 1.88%) | $197 | $610 | $1,048 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $31 | $107 |
| Total costs | $198 | $643 | $1,160 |
| Value after costs | $10,302 | $10,933 | $11,602 |
| Impact on return, per year | 1.98% | 1.98% | 1.98% |
C000032290 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): 0.0083%
- Total broker commissions: $476
- Bought from dealers (principal trades, not a cost): $1.3B
- Portfolio turnover (prospectus): 0%
- Securities on loan, average value: $50K
- Net income from securities lending: $105 (0.002% of average net assets)
C000032290 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $476 | 100.00% |
C000032290 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $599.6M | 44.77% |
| BARCLAYS CAPITAL INC. | $291.3M | 21.75% |
| BOFA SECURITIES, INC. | $258.0M | 19.26% |
| GOLDMAN SACHS & CO. LLC | $158.4M | 11.83% |
| BNP Paribas | $26.6M | 1.98% |
| MIZUHO SECURITIES USA LLC | $2.0M | 0.15% |
| Nomura Securities International, Inc. | $1.6M | 0.12% |
| CastleOak Securities, LP | $600K | 0.04% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $597K | 0.04% |
| BMO Capital Markets Corp. | $545K | 0.04% |
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.