C000038541 Fees and Costs — Short-Term Income Account, Class 1
Data updated: 2026-08-25
The net expense ratio is 0.42%: a 0.40% management fee plus 0.02% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 49%.
C000038541 Fees and Expenses
Annual operating expenses and sales charges of C000038541. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | — |
| Other expenses | 0.02% |
| Gross expense ratio | 0.42% |
| Fee waiver | — |
| Net expense ratio | 0.42% |
| 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 |
C000038541 Costs Over Time
On $10,000 invested in C000038541, assuming 5% a year before costs, total costs come to $266 over 5 years, cutting the return by 0.44% 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 0.42%) | $44 | $138 | $242 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $44 | $145 | $266 |
| Value after costs | $10,456 | $11,431 | $12,497 |
| Impact on return, per year | 0.44% | 0.44% | 0.44% |
C000038541 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): $91.7M
- Portfolio turnover (prospectus): 49%
- Securities on loan, average value: $1.1M
- Net income from securities lending: $9K (0.007% of average net assets)
C000038541 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES | $21.1M | 27.80% |
| J.P. MORGAN SECURITIES LLC | $18.3M | 24.11% |
| GOLDMAN SACHS CO. | $5.8M | 7.60% |
| ROYAL BANK OF SCOTLAND (NATWEST CAPITAL MARKETS) | $5.7M | 7.57% |
| BNP PARIBAS SECURITIES CORP | $5.6M | 7.42% |
| MORGAN STANLEY & CO. LLC. | $5.5M | 7.29% |
| BANK OF AMERICA | $3.9M | 5.09% |
| JANE STREET CAPITAL | $3.4M | 4.46% |
| HSBC SECURITIES INC. | $3.4M | 4.44% |
| TD BANK FINANCIAL GROUP | $3.2M | 4.22% |
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.