C000005725 Fees and Costs — PSF Small-Cap Stock Index Portfolio, Class I
Data updated: 2026-08-26
The net expense ratio is 0.38%: a 0.35% management fee plus 0.03% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $11K in broker commissions, 0.0008% of average net assets, and portfolio turnover was 28%.
C000005725 Fees and Expenses
Annual operating expenses and sales charges of C000005725. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | — |
| Other expenses | 0.03% |
| Gross expense ratio | 0.38% |
| Fee waiver | — |
| Net expense ratio | 0.38% |
| 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 |
C000005725 Costs Over Time
On $10,000 invested in C000005725, assuming 5% a year before costs, total costs come to $241 over 5 years, cutting the return by 0.40% 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 0.38%) | $40 | $125 | $219 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $6 | $22 |
| Total costs | $40 | $132 | $241 |
| Value after costs | $10,460 | $11,445 | $12,522 |
| Impact on return, per year | 0.40% | 0.40% | 0.40% |
C000005725 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): 0.0008%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $490.2M
- Portfolio turnover (prospectus): 28%
- Securities on loan, average value: $294.2M
- Net income from securities lending: $533K (0.043% of average net assets)
C000005725 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Raymond James & Associates, Inc. | $2K | 18.59% |
| UBS Securities LLC | $2K | 17.83% |
| BARCLAYS CAPITAL, INC. | $2K | 15.58% |
| GOLDMAN SACHS & CO. LLC | $1K | 14.73% |
| LIQUIDNET, INC. | $1K | 11.50% |
| CIBC WORLD MARKETS CORP. | $722 | 7.18% |
| CASTLEOAK SECURITIES, LP | $564 | 5.61% |
| MORGAN STANLEY & CO. LLC | $349 | 3.47% |
| PIPER SANDLER & CO. | $280 | 2.78% |
| VIRTU AMERICAS LLC | $274 | 2.73% |
C000005725 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $127.8M | 26.18% |
| BARCLAYS CAPITAL, INC. | $105.8M | 21.66% |
| CitiGroup Global Markets Inc. | $93.6M | 19.16% |
| Macquarie Capital (USA) Inc. | $39.6M | 8.11% |
| Goldman Sachs & Co. LLC | $35.4M | 7.25% |
| PIPER SANDLER & CO. | $29.4M | 6.02% |
| BOFA SECURITIES, INC. | $28.0M | 5.73% |
| CIBC WORLD MARKETS CORP. | $18.5M | 3.79% |
| RAYMOND JAMES & ASSOCIATES, INC. | $6.6M | 1.36% |
| CITADEL SECURITIES LLC | $3.6M | 0.73% |
PSF Small-Cap Stock Index Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000005725 | Class I | 0.38% | — |
| C000226566 | Class III | 0.63% | — |
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.