C000038539 Fees and Costs — Government & High Quality Bond Account, Class 1
Data updated: 2026-08-25
The net expense ratio is 0.50%: a 0.48% management fee plus 0.02% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 240%.
C000038539 Fees and Expenses
Annual operating expenses and sales charges of C000038539. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.48% |
| 12b-1 fee | — |
| Other expenses | 0.02% |
| Gross expense ratio | 0.50% |
| Fee waiver | — |
| Net expense ratio | 0.50% |
| 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 |
C000038539 Costs Over Time
On $10,000 invested in C000038539, assuming 5% a year before costs, total costs come to $316 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 0.50%) | $52 | $165 | $287 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $52 | $173 | $316 |
| Value after costs | $10,448 | $11,403 | $12,447 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
C000038539 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): $641.2M
- Portfolio turnover (prospectus): 240%
- Securities lending: none during the year
C000038539 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES | $415.1M | 66.06% |
| GOLDMAN SACHS CO. | $71.2M | 11.34% |
| J.P. MORGAN SECURITIES LLC | $37.8M | 6.01% |
| BMO CAPITAL MARKETS | $30.0M | 4.77% |
| CITIGROUP GLOBAL MARKETS | $23.1M | 3.67% |
| MORGAN STANLEY & CO. LLC. | $20.7M | 3.30% |
| BARCLAYS CAPITAL INC. | $9.2M | 1.46% |
| BANK OF AMERICA | $9.1M | 1.45% |
| BNP PARIBAS SECURITIES CORP | $7.1M | 1.13% |
| US BANCORP | $5.1M | 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.