C000012153 Fees and Costs — Capital Growth Portfolio
Data updated: 2026-08-28
The net expense ratio is 0.34%: a 0.33% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $247K in broker commissions, 0.0118% of average net assets, and portfolio turnover was 15%.
C000012153 Fees and Expenses
Annual operating expenses and sales charges of C000012153. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.33% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.34% |
| Fee waiver | — |
| Net expense ratio | 0.34% |
| 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 |
C000012153 Costs Over Time
On $10,000 invested in C000012153, assuming 5% a year before costs, total costs come to $223 over 5 years, cutting the return by 0.37% 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 0.34%) | $36 | $112 | $196 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $6 | $20 |
| Total costs | $37 | $122 | $223 |
| Value after costs | $10,463 | $11,455 | $12,540 |
| Impact on return, per year | 0.37% | 0.37% | 0.37% |
C000012153 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): 0.0118%
- Total broker commissions: $247K
- Bought from dealers (principal trades, not a cost): $381.9M
- Portfolio turnover (prospectus): 15%
- Securities on loan, average value: $187K
- Net income from securities lending: $4K (0.000% of average net assets)
C000012153 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA CORPORATION | $35K | 15.42% |
| JPMORGAN CHASE & CO. | $32K | 13.98% |
| BARCLAYS PLC | $26K | 11.66% |
| EVERCORE GROUP L.L.C. | $23K | 10.29% |
| MORGAN STANLEY | $23K | 10.08% |
| JEFFERIES FINANCIAL GROUP INC. | $22K | 9.60% |
| THE BANK OF NEW YORK MELLON CORPORATION | $19K | 8.37% |
| Cowen and Company, LLC | $18K | 7.82% |
| CITIGROUP INC. | $17K | 7.43% |
| Keefe, Bruyette & Woods, Inc | $12K | 5.36% |
C000012153 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Vanguard Market Liquidity Fund | $381.9M | 100.00% |
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.