C000121511 Fees and Costs — Growth-Income Fund, Class 4
Data updated: 2026-08-27
The net expense ratio is 0.78%: a 0.25% management fee, a 0.25% 12b-1 fee plus 0.28% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $4.1M in broker commissions, 0.0098% of average net assets, and portfolio turnover was 27%.
C000121511 Fees and Expenses
Annual operating expenses and sales charges of C000121511. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.28% |
| Gross expense ratio | 0.78% |
| Fee waiver | — |
| Net expense ratio | 0.78% |
| 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 |
C000121511 Costs Over Time
On $10,000 invested in C000121511, assuming 5% a year before costs, total costs come to $496 over 5 years, cutting the return by 0.83% 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 0.78%) | $82 | $256 | $445 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $83 | $272 | $496 |
| Value after costs | $10,417 | $11,304 | $12,267 |
| Impact on return, per year | 0.83% | 0.83% | 0.83% |
C000121511 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): 0.0098%
- Total broker commissions: $4.1M
- Bought from dealers (principal trades, not a cost): $438.2M
- Portfolio turnover (prospectus): 27%
- Securities on loan, average value: $21.9M
- Net income from securities lending: $137K (0.000% of average net assets)
C000121511 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $442K | 17.37% |
| Goldman Sachs & Co. LLC | $342K | 13.44% |
| Morgan Stanley & Co. LLC | $324K | 12.74% |
| Bank of America, N.A. | $263K | 10.31% |
| Jefferies & Company Inc. | $252K | 9.89% |
| Barclays Bank PLC | $217K | 8.52% |
| Sanford Bernstein & Co. LLC | $200K | 7.86% |
| Citigroup Global Markets Inc. | $181K | 7.09% |
| RBC Capital Markets LLC | $171K | 6.73% |
| UBS AG | $154K | 6.05% |
C000121511 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $149.4M | 34.08% |
| Goldman Sachs & Co. LLC | $142.9M | 32.60% |
| FTN Financial Securities Corp. | $64.5M | 14.72% |
| Citigroup Global Markets Inc. | $41.7M | 9.51% |
| Wells Fargo Securities, LLC | $30.0M | 6.84% |
| Barclays Bank PLC | $9.9M | 2.25% |
Growth-Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000023926 | Class 1 | 0.28% | — |
| C000023928 | Class 3 | 0.46% | — |
| C000023927 | Class 2 | 0.53% | — |
| C000176243 | Class 1A | 0.53% | — |
| C000121511 | Class 4 | 0.78% | — |
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.