C000000079 Fees and Costs — Active/Passive Moderate Portfolio
Data updated: 2026-08-20
The net expense ratio is 0.49% (0.54% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $8K in broker commissions, 0.0027% of average net assets, and portfolio turnover was 22%.
C000000079 Fees and Expenses
Annual operating expenses and sales charges of C000000079. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.05% |
| Gross expense ratio | 0.54% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.49% |
| 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 |
C000000079 Costs Over Time
On $10,000 invested in C000000079, assuming 5% a year before costs, total costs come to $311 over 5 years, cutting the return by 0.52% 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 0.49%) | $51 | $161 | $281 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $52 | $170 | $311 |
| Value after costs | $10,448 | $11,406 | $12,451 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
C000000079 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): 0.0027%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): $63.2M
- Portfolio turnover (prospectus): 22%
- Securities lending: none during the year
C000000079 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WallachBeth Capital, LLC | $4K | 54.94% |
| Nomura Securities International, Inc. | $705 | 9.22% |
| Cabrera Capital Markets LLC | $632 | 8.26% |
| Goldman Sachs & Co. LLC | $614 | 8.03% |
| Morgan Stanley & Co. LLC | $445 | 5.82% |
| J.P. Morgan Securities LLC | $302 | 3.95% |
| Barclays Capital Inc. | $256 | 3.35% |
| Jane Street Execution Services, LLC | $242 | 3.17% |
| BofA Securities, Inc. | $213 | 2.79% |
| UBS Securities LLC | $36 | 0.47% |
C000000079 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $39.2M | 61.96% |
| J.P. Morgan Securities LLC | $9.9M | 15.66% |
| RBC Capital Markets, LLC | $5.9M | 9.39% |
| BNY Capital Markets, LLC | $4.3M | 6.74% |
| Barclays Capital Inc. | $2.0M | 3.13% |
| BofA Securities, Inc. | $2.0M | 3.13% |
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.