C000121504 Fees and Costs — U.S. Government Securities Fund, Class 4
Data updated: 2026-08-27
The net expense ratio is 0.75%: a 0.30% management fee, a 0.25% 12b-1 fee plus 0.29% other expenses, less a 0.09% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 253%.
C000121504 Fees and Expenses
Annual operating expenses and sales charges of C000121504. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.29% |
| Gross expense ratio | 0.84% |
| Fee waiver | −0.09% |
| Net expense ratio | 0.75% |
| 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 |
C000121504 Costs Over Time
On $10,000 invested in C000121504, assuming 5% a year before costs, total costs come to $471 over 5 years, cutting the return by 0.79% 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 0.75%) | $79 | $246 | $428 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $79 | $259 | $471 |
| Value after costs | $10,421 | $11,318 | $12,291 |
| Impact on return, per year | 0.79% | 0.79% | 0.79% |
C000121504 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): $15.7B
- Portfolio turnover (prospectus): 253%
- Securities lending: none during the year
C000121504 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $3.1B | 20.82% |
| Bank of America, N.A. | $2.9B | 19.88% |
| Barclays Bank PLC | $2.4B | 16.18% |
| Morgan Stanley & Co. LLC | $1.4B | 9.75% |
| Wells Fargo Securities, LLC | $1.3B | 8.50% |
| Goldman Sachs & Co. LLC | $1.2B | 8.35% |
| Citigroup Global Markets Inc. | $1.1B | 7.51% |
| BNP Paribas | $693.8M | 4.71% |
| Mitsubishi UFJ Financial Group, Inc. | $335.3M | 2.28% |
| Prudential Funding LLC | $298.1M | 2.02% |
U.S. Government Securities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000023908 | Class 1 | 0.25% | — |
| C000023910 | Class 3 | 0.43% | — |
| C000023909 | Class 2 | 0.50% | — |
| C000176236 | Class 1A | 0.50% | — |
| C000121504 | Class 4 | 0.75% | — |
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.