C000000077 Fees and Costs — Equity Income Portfolio
Data updated: 2026-08-20
The net expense ratio is 0.57%: a 0.63% management fee plus 0.02% other expenses, less a 0.08% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $65K in broker commissions, 0.0087% of average net assets, and portfolio turnover was 28%.
C000000077 Fees and Expenses
Annual operating expenses and sales charges of C000000077. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.63% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.65% |
| Fee waiver | −0.08% |
| Net expense ratio | 0.57% |
| 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 |
C000000077 Costs Over Time
On $10,000 invested in C000000077, assuming 5% a year before costs, total costs come to $365 over 5 years, cutting the return by 0.61% 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 0.57%) | $60 | $188 | $327 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $61 | $200 | $365 |
| Value after costs | $10,439 | $11,376 | $12,398 |
| Impact on return, per year | 0.61% | 0.61% | 0.61% |
C000000077 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): 0.0087%
- Total broker commissions: $65K
- Bought from dealers (principal trades, not a cost): $119.5M
- Portfolio turnover (prospectus): 28%
- Securities lending: none during the year
C000000077 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $10K | 20.77% |
| Goldman Sachs & Co. LLC | $7K | 13.71% |
| Morgan Stanley & Co. LLC | $5K | 10.42% |
| Citigroup Global Markets Inc. | $5K | 9.39% |
| J.P. Morgan Securities LLC | $5K | 9.30% |
| RBC Capital Markets, LLC | $5K | 9.25% |
| Evercore Group L.L.C. | $4K | 9.10% |
| Cowen and Company, LLC | $3K | 7.00% |
| Jefferies LLC | $3K | 5.93% |
| BMO Capital Markets Corp. | $3K | 5.15% |
C000000077 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $48.4M | 40.48% |
| Goldman Sachs & Co. LLC | $43.7M | 36.60% |
| BofA Securities, Inc. | $27.4M | 22.92% |
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.