C000038528 Fees and Costs — Equity Income Account, Class 1
Data updated: 2026-08-25
The net expense ratio is 0.48%: a 0.47% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $100K in broker commissions, 0.0144% of average net assets, and portfolio turnover was 13%.
C000038528 Fees and Expenses
Annual operating expenses and sales charges of C000038528. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | — |
| Other expenses | 0.01% |
| Gross expense ratio | 0.48% |
| Fee waiver | — |
| Net expense ratio | 0.48% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000038528 Costs Over Time
On $10,000 invested in C000038528, assuming 5% a year before costs, total costs come to $312 over 5 years, cutting the return by 0.52% 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 0.48%) | $50 | $158 | $276 |
| Trading costs (broker commissions) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $52 | $171 | $312 |
| Value after costs | $10,448 | $11,405 | $12,450 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
C000038528 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): 0.0144%
- Total broker commissions: $100K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 13%
- Securities on loan, average value: $2.4M
- Net income from securities lending: $21K (0.003% of average net assets)
C000038528 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA | $20K | 23.98% |
| STIFEL NICOLAUS & COMPANY | $11K | 13.34% |
| PIPER SANDLER COS | $10K | 11.89% |
| J.P. MORGAN SECURITIES LLC | $10K | 11.68% |
| RAYMOND JAMES & ASSOCIATES | $9K | 9.95% |
| BARCLAYS CAPITAL INC. | $7K | 7.95% |
| STONEX GROUP | $6K | 7.08% |
| VIRTU FINANCIAL LLC | $4K | 4.83% |
| NOMURA SECURITIES INTERNATIONAL INC. | $4K | 4.80% |
| LIQUIDNET | $4K | 4.50% |
Equity Income Account Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000038528 | Class 1 | 0.48% | — |
| C000038529 | Class 2 | 0.73% | — |
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.