C000038552 Fees and Costs — Real Estate Securities Account, Class 2
Data updated: 2026-08-25
The net expense ratio is 1.03%: a 0.77% management fee, a 0.25% 12b-1 fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $78K in broker commissions, 0.0308% of average net assets, and portfolio turnover was 21%.
C000038552 Fees and Expenses
Annual operating expenses and sales charges of C000038552. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.77% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.01% |
| Gross expense ratio | 1.03% |
| Fee waiver | — |
| Net expense ratio | 1.03% |
| 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 |
C000038552 Costs Over Time
On $10,000 invested in C000038552, assuming 5% a year before costs, total costs come to $663 over 5 years, cutting the return by 1.11% 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 1.03%) | $108 | $337 | $584 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $111 | $365 | $663 |
| Value after costs | $10,389 | $11,212 | $12,100 |
| Impact on return, per year | 1.11% | 1.11% | 1.11% |
C000038552 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): 0.0308%
- Total broker commissions: $78K
- Bought from dealers (principal trades, not a cost): $761K
- Portfolio turnover (prospectus): 21%
- Securities lending: none during the year
C000038552 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SANFORD C. BERNSTEIN & CO. | $9K | 16.30% |
| NOMURA SECURITIES INTERNATIONAL INC. | $7K | 13.20% |
| BANK OF AMERICA | $7K | 13.11% |
| RBC DOMINION SECURITIES CORP. | $7K | 12.19% |
| BTIG | $6K | 11.23% |
| WELLS FARGO SECURITIES | $5K | 8.34% |
| TRUIST FINANCIAL CORPORATION | $4K | 7.96% |
| CANTOR FITZGERALD & CO. | $4K | 6.59% |
| ROBERT W. BAIRD & CO. | $3K | 5.89% |
| GOLDMAN SACHS CO. | $3K | 5.20% |
C000038552 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA | $761K | 100.00% |
Real Estate Securities Account Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000020921 | Class 1 | 0.78% | — |
| C000038552 | Class 2 | 1.03% | — |
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.