C000099978 Fees and Costs — Putnam VT Multi-Asset Absolute Return Fund, Class Ib
Data updated: 2024-03-05
The net expense ratio is 1.20% (1.79% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $11K in broker commissions, and portfolio turnover was 1146%.
C000099978 Fees and Expenses
Annual operating expenses and sales charges of C000099978. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.71% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.78% |
| Gross expense ratio | 1.79% |
| Fee waiver | −0.59% |
| Net expense ratio | 1.20% |
| 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 |
C000099978 Costs Over Time
On $10,000 invested in C000099978, assuming 5% a year before costs, total costs come to $748 over 5 years, cutting the return by 1.26% 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 1.20%) | $126 | $392 | $679 |
| Lost growth on money paid in costs | $0 | $19 | $69 |
| Total costs | $126 | $412 | $748 |
| Value after costs | $10,374 | $11,164 | $12,015 |
| Impact on return, per year | 1.26% | 1.26% | 1.26% |
C000099978 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $2.3B
- Portfolio turnover (prospectus): 1146%
- Securities on loan, average value: $852K
- Net income from securities lending: $2K
C000099978 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MLCO - BofA Securities, Inc. | $2K | 15.97% |
| CITI - CITIBANK, N.A. | $2K | 15.59% |
| CGML - CITIGROUP GLOBAL MARKETS INC | $1K | 14.50% |
| GSCO - GOLDMAN SACHS & CO LLC | $1K | 13.77% |
| CSFB - CREDIT SUISSE SECURITIES (USA), LLC | $969 | 9.59% |
| BCAP - BARCLAYS CAPITAL, INC. | $753 | 7.45% |
| UBSW - UBS SECURITIES L.L.C. | $744 | 7.36% |
| PIJF - PIPER JAFFRAY & CO. (formerly WEEDEN & CO. L.P.) | $642 | 6.36% |
| JPMS - J.P. MORGAN SECURITIES, LLC. | $568 | 5.63% |
| JONE - JONESTRADING | $381 | 3.78% |
C000099978 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMS - J.P. MORGAN SECURITIES, LLC. | $856.1M | 38.04% |
| MLCO - BofA Securities, Inc. | $615.9M | 27.37% |
| CGMI - CITIGROUP GLOBAL MARKETS INC. | $563.0M | 25.02% |
| RBCA - ROYAL BANK OF CANADA | $83.3M | 3.70% |
| BNPP - BNP PARIBAS SECURITIES CORPORATION | $40.2M | 1.79% |
| CSAG - CREDIT SUISSE AG, NEW YORK BRANCH | $34.1M | 1.52% |
| MSCO - MORGAN STANLEY & CO. LLC | $31.1M | 1.38% |
| GSCO - GOLDMAN SACHS & CO LLC | $13.9M | 0.62% |
| BCAP - BARCLAYS CAPITAL, INC. | $10.8M | 0.48% |
| CGML - CITIGROUP GLOBAL MARKETS INC | $1.9M | 0.08% |
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.