C000012146 Fees and Costs — Balanced Portfolio
Data updated: 2026-08-28
The net expense ratio is 0.20%: a 0.19% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $486K in broker commissions, 0.0134% of average net assets, and portfolio turnover was 68%.
C000012146 Fees and Expenses
Annual operating expenses and sales charges of C000012146. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.19% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.20% |
| Fee waiver | — |
| Net expense ratio | 0.20% |
| 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 |
C000012146 Costs Over Time
On $10,000 invested in C000012146, assuming 5% a year before costs, total costs come to $136 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 0.20%) | $21 | $66 | $116 |
| Trading costs (broker commissions) | $1 | $4 | $8 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $22 | $74 | $136 |
| Value after costs | $10,478 | $11,502 | $12,627 |
| Impact on return, per year | 0.22% | 0.22% | 0.22% |
C000012146 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): 0.0134%
- Total broker commissions: $486K
- Bought from dealers (principal trades, not a cost): $11.7B
- Portfolio turnover (prospectus): 68%
- Securities on loan, average value: $67K
- Net income from securities lending: $4K (0.000% of average net assets)
C000012146 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE & CO. | $59K | 16.31% |
| CITIGROUP INC. | $53K | 14.45% |
| MORGAN STANLEY | $47K | 12.87% |
| THE GOLDMAN SACHS GROUP, INC. | $42K | 11.44% |
| UBS GROUP AG | $37K | 10.28% |
| BANK OF AMERICA CORPORATION | $36K | 9.91% |
| JEFFERIES FINANCIAL GROUP INC. | $34K | 9.29% |
| Royal Bank of Canada | $19K | 5.33% |
| BNP PARIBAS | $19K | 5.25% |
| BARCLAYS PLC | $18K | 4.87% |
C000012146 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Natwest Markets Securities Inc. | $8.2B | 72.61% |
| HSBC HOLDINGS PLC | $1.5B | 13.16% |
| THE GOLDMAN SACHS GROUP, INC. | $277.7M | 2.47% |
| JPMORGAN CHASE & CO. | $261.6M | 2.32% |
| BANK OF AMERICA CORPORATION | $240.4M | 2.14% |
| MORGAN STANLEY | $233.2M | 2.07% |
| CITADEL SECURITIES LP | $181.4M | 1.61% |
| BARCLAYS PLC | $166.7M | 1.48% |
| CITIGROUP INC. | $123.1M | 1.09% |
| BNP PARIBAS | $118.7M | 1.05% |
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.