C000030496 Fees and Costs — Tax-Managed International Portfolio, Class B
Data updated: 2020-12-10
The net expense ratio is 2.12%: a 0.72% management fee, a 1.00% 12b-1 fee plus 0.40% other expenses. This share class carries a deferred sales charge of up to 4.00%. In fiscal 2020 the fund paid $1.2M in broker commissions, 0.0392% of average net assets, and portfolio turnover was 48%.
C000030496 Fees and Expenses
Annual operating expenses and sales charges of C000030496. Prospectus, as of January 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.72% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.40% |
| Gross expense ratio | 2.12% |
| Fee waiver | — |
| Net expense ratio | 2.12% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 4.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000030496 Costs Over Time
On $10,000 invested in C000030496, assuming 5% a year before costs, total costs come to $1,320 over 5 years, cutting the return by 2.27% 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 |
| Sales charges | $411 | $0 | $0 |
| Fund expenses (net expense ratio 2.12%) | $223 | $686 | $1,176 |
| Trading costs (broker commissions) | $4 | $13 | $22 |
| Lost growth on money paid in costs | $0 | $35 | $122 |
| Total costs | $638 | $734 | $1,320 |
| Value after costs | $9,862 | $10,842 | $11,443 |
| Impact on return, per year | 6.38% | 2.27% | 2.27% |
C000030496 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0392%
- Total broker commissions: $1.2M
- Bought from dealers (principal trades, not a cost): $1.1B
- Portfolio turnover (prospectus): 48%
- Securities lending: none during the year
C000030496 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $260K | 23.78% |
| Morgan Stanley & Co. LLC | $191K | 17.50% |
| Credit Suisse Securities (USA) LLC | $163K | 14.92% |
| Bofa Securities, Inc. | $161K | 14.72% |
| Virtu Itg LLC | $96K | 8.78% |
| UBS Securities LLC | $69K | 6.31% |
| Citigroup Global Markets Inc. | $60K | 5.50% |
| Liquidnet, Inc. | $38K | 3.50% |
| J.P. Morgan Securities LLC | $33K | 3.05% |
| Pershing LLC | $21K | 1.94% |
C000030496 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.1B | 98.37% |
| Macquarie Capital (USA) Inc. | $8.0M | 0.70% |
| Morgan Stanley & Co. LLC | $5.2M | 0.46% |
| Goldman Sachs & Co. LLC | $4.1M | 0.35% |
| Skandinaviska Enskilda Banken AB | $1.4M | 0.12% |
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.