C000121502 Fees and Costs — Global Growth Fund, Class 4
Data updated: 2026-08-27
The net expense ratio is 0.90%: a 0.47% management fee, a 0.25% 12b-1 fee plus 0.29% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2.4M in broker commissions, 0.0279% of average net assets, and portfolio turnover was 45%.
C000121502 Fees and Expenses
Annual operating expenses and sales charges of C000121502. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.29% |
| Gross expense ratio | 1.01% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.90% |
| 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 |
C000121502 Costs Over Time
On $10,000 invested in C000121502, assuming 5% a year before costs, total costs come to $581 over 5 years, cutting the return by 0.97% 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 0.90%) | $94 | $295 | $512 |
| Trading costs (broker commissions) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $97 | $319 | $581 |
| Value after costs | $10,403 | $11,257 | $12,182 |
| Impact on return, per year | 0.97% | 0.97% | 0.97% |
C000121502 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): 0.0279%
- Total broker commissions: $2.4M
- Bought from dealers (principal trades, not a cost): $10.9M
- Portfolio turnover (prospectus): 45%
- Securities on loan, average value: $13.5M
- Net income from securities lending: $72K (0.001% of average net assets)
C000121502 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $408K | 25.17% |
| UBS AG | $299K | 18.48% |
| Jefferies & Company Inc. | $229K | 14.16% |
| Morgan Stanley & Co. LLC | $146K | 9.03% |
| Bank of America, N.A. | $141K | 8.69% |
| RBC Capital Markets LLC | $108K | 6.69% |
| Citigroup Global Markets Inc. | $93K | 5.75% |
| CLSA B.V. | $67K | 4.12% |
| TD Securities (USA) | $66K | 4.04% |
| J.P. Morgan Securities LLC | $63K | 3.86% |
C000121502 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $7.9M | 72.48% |
| Barclays Bank PLC | $3.0M | 27.52% |
Global Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000023903 | Class 1 | 0.40% | — |
| C000023904 | Class 2 | 0.65% | — |
| C000176234 | Class 1A | 0.65% | — |
| C000121502 | Class 4 | 0.90% | — |
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.