C000012155 Fees and Costs — Equity Income Portfolio
Data updated: 2026-08-28
The net expense ratio is 0.29%: a 0.28% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $556K in broker commissions, 0.0247% of average net assets, and portfolio turnover was 58%.
C000012155 Fees and Expenses
Annual operating expenses and sales charges of C000012155. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.28% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.29% |
| Fee waiver | — |
| Net expense ratio | 0.29% |
| 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 |
C000012155 Costs Over Time
On $10,000 invested in C000012155, assuming 5% a year before costs, total costs come to $200 over 5 years, cutting the return by 0.33% 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 0.29%) | $30 | $96 | $167 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $5 | $18 |
| Total costs | $33 | $109 | $200 |
| Value after costs | $10,467 | $11,467 | $12,563 |
| Impact on return, per year | 0.33% | 0.33% | 0.33% |
C000012155 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): 0.0247%
- Total broker commissions: $556K
- Bought from dealers (principal trades, not a cost): $4.7B
- Portfolio turnover (prospectus): 58%
- Securities on loan, average value: $34K
- Net income from securities lending: $503 (0.000% of average net assets)
C000012155 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $73K | 17.55% |
| BANK OF AMERICA CORPORATION | $71K | 17.04% |
| JPMORGAN CHASE & CO. | $57K | 13.72% |
| THE GOLDMAN SACHS GROUP, INC. | $54K | 13.02% |
| Royal Bank of Canada | $34K | 8.28% |
| CITIGROUP INC. | $34K | 8.16% |
| UBS GROUP AG | $25K | 6.11% |
| BARCLAYS PLC | $25K | 5.98% |
| JEFFERIES FINANCIAL GROUP INC. | $24K | 5.80% |
| WELLS FARGO & COMPANY | $18K | 4.34% |
C000012155 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNP PARIBAS | $4.3B | 91.36% |
| Vanguard Market Liquidity Fund | $383.3M | 8.16% |
| JPMORGAN CHASE & CO. | $7.7M | 0.16% |
| BARCLAYS PLC | $7.6M | 0.16% |
| CITIGROUP INC. | $4.9M | 0.10% |
| MORGAN STANLEY | $2.0M | 0.04% |
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.