C000046626 Fees and Costs — High Yield Strategy Fund, Variable Annuity
Data updated: 2026-08-21
The net expense ratio is 1.73% (1.80% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $5K in broker commissions, 0.0785% of average net assets, and portfolio turnover was 0%.
C000046626 Fees and Expenses
Annual operating expenses and sales charges of C000046626. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | 0.99% |
| Gross expense ratio | 1.80% |
| Fee waiver | −0.07% |
| Net expense ratio | 1.73% |
| 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 |
C000046626 Costs Over Time
On $10,000 invested in C000046626, assuming 5% a year before costs, total costs come to $1,113 over 5 years, cutting the return by 1.90% 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 1.73%) | $182 | $562 | $966 |
| Trading costs (broker commissions) | $8 | $26 | $44 |
| Lost growth on money paid in costs | $0 | $29 | $103 |
| Total costs | $190 | $617 | $1,113 |
| Value after costs | $10,310 | $10,959 | $11,650 |
| Impact on return, per year | 1.90% | 1.90% | 1.90% |
C000046626 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): 0.0785%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $1.0B
- Portfolio turnover (prospectus): 0%
- Securities on loan, average value: $95K
- Net income from securities lending: $670 (0.010% of average net assets)
C000046626 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL INC. | $4K | 66.88% |
| GOLDMAN SACHS & CO. LLC | $2K | 33.12% |
C000046626 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $520.2M | 51.86% |
| BOFA SECURITIES, INC. | $238.0M | 23.73% |
| BARCLAYS CAPITAL INC. | $235.5M | 23.48% |
| MIZUHO SECURITIES USA LLC | $2.7M | 0.27% |
| BMO Capital Markets Corp. | $2.5M | 0.25% |
| Nomura Securities International, Inc. | $1.6M | 0.16% |
| StoneX Financial Inc. | $800K | 0.08% |
| UBS SECURITIES LLC | $793K | 0.08% |
| Citigroup Global Markets Inc. | $698K | 0.07% |
| BNP Paribas | $382K | 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.