C000002723 Fees and Costs — Tax-Managed U.s. Equity Portfolio, Portfolio Shares
Data updated: 2021-06-15
The net expense ratio is 0.21%: a 0.18% management fee plus 0.03% other expenses. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $38K in broker commissions, 0.0009% of average net assets, and portfolio turnover was 2%.
C000002723 Fees and Expenses
Annual operating expenses and sales charges of C000002723. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.18% |
| 12b-1 fee | — |
| Other expenses | 0.03% |
| Gross expense ratio | 0.21% |
| Fee waiver | — |
| Net expense ratio | 0.21% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
C000002723 Costs Over Time
On $10,000 invested in C000002723, assuming 5% a year before costs, total costs come to $134 over 5 years, cutting the return by 0.22% 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 0.21%) | $22 | $69 | $121 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $22 | $73 | $134 |
| Value after costs | $10,478 | $11,503 | $12,629 |
| Impact on return, per year | 0.22% | 0.22% | 0.22% |
C000002723 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0009%
- Total broker commissions: $38K
- Bought from dealers (principal trades, not a cost): $594.9M
- Portfolio turnover (prospectus): 2%
- Securities on loan, average value: $125.2M
- Net income from securities lending: $353K (0.009% of average net assets)
C000002723 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, LLC | $18K | 46.17% |
| Jefferies LLC | $14K | 36.62% |
| Virtu Itg LLC | $5K | 14.21% |
| Rosenblatt Securities Inc. | $584 | 1.54% |
| Citigroup Global Markets Inc. | $414 | 1.09% |
| Loop Capital Markets LLC | $144 | 0.38% |
C000002723 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $592.8M | 100.00% |
| Virtu Itg LLC | $3 | 0.00% |
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.