C000012154 Fees and Costs — Diversified Value Portfolio
Data updated: 2026-08-28
The net expense ratio is 0.28%: a 0.27% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $220K in broker commissions, 0.0162% of average net assets, and portfolio turnover was 79%.
C000012154 Fees and Expenses
Annual operating expenses and sales charges of C000012154. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.27% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.28% |
| Fee waiver | — |
| Net expense ratio | 0.28% |
| 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 |
C000012154 Costs Over Time
On $10,000 invested in C000012154, assuming 5% a year before costs, total costs come to $188 over 5 years, cutting the return by 0.31% 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 0.28%) | $29 | $92 | $161 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $31 | $103 | $188 |
| Value after costs | $10,469 | $11,474 | $12,575 |
| Impact on return, per year | 0.31% | 0.31% | 0.31% |
C000012154 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): 0.0162%
- Total broker commissions: $220K
- Bought from dealers (principal trades, not a cost): $966.6M
- Portfolio turnover (prospectus): 79%
- Securities on loan, average value: $2.0M
- Net income from securities lending: $27K (0.002% of average net assets)
C000012154 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA CORPORATION | $52K | 30.91% |
| CITIGROUP INC. | $32K | 18.78% |
| MORGAN STANLEY | $21K | 12.71% |
| JEFFERIES FINANCIAL GROUP INC. | $17K | 10.10% |
| BARCLAYS PLC | $13K | 7.45% |
| THE BANK OF NEW YORK MELLON CORPORATION | $8K | 4.67% |
| WELLS FARGO & COMPANY | $7K | 4.17% |
| THE GOLDMAN SACHS GROUP, INC. | $7K | 4.15% |
| BERNSTEIN INSTITUTIONAL SERVICES LLC | $7K | 4.13% |
| Redburn (Europe) Limited | $5K | 2.93% |
C000012154 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Vanguard Market Liquidity Fund | $964.7M | 99.81% |
| THE GOLDMAN SACHS GROUP, INC. | $1.3M | 0.13% |
| Cowen and Company, LLC | $572K | 0.06% |
| BERNSTEIN INSTITUTIONAL SERVICES LLC | $161 | 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.