C000035612 Fees and Costs — EQ/Templeton Global Equity Managed Volatility Portfolio, Class IB
Data updated: 2020-08-25
The net expense ratio is 1.10%: a 0.70% management fee, a 0.25% 12b-1 fee plus 0.19% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $151K in broker commissions, 0.0219% of average net assets, and portfolio turnover was 13%.
C000035612 Fees and Expenses
Annual operating expenses and sales charges of C000035612. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.19% |
| Gross expense ratio | 1.14% |
| Fee waiver | −0.04% |
| Net expense ratio | 1.10% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000035612 Costs Over Time
On $10,000 invested in C000035612, assuming 5% a year before costs, total costs come to $700 over 5 years, cutting the return by 1.18% 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 1.10%) | $116 | $360 | $623 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $118 | $385 | $700 |
| Value after costs | $10,382 | $11,191 | $12,063 |
| Impact on return, per year | 1.18% | 1.18% | 1.18% |
C000035612 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0219%
- Total broker commissions: $151K
- Bought from dealers (principal trades, not a cost): $301.1M
- Portfolio turnover (prospectus): 13%
- Securities on loan, average value: $11.5M
- Net income from securities lending: $136K (0.020% of average net assets)
C000035612 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $16K | 16.36% |
| RBC Capital Markets, LLC | $14K | 14.37% |
| Jefferies LLC | $11K | 11.19% |
| Credit Suisse Securities (USA) LLC | $10K | 10.95% |
| Citigroup Global Markets Inc. | $9K | 9.12% |
| UBS Securities LLC | $8K | 8.26% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $8K | 7.99% |
| Goldman Sachs & Co. LLC | $7K | 7.51% |
| J.P. Morgan Securities LLC | $7K | 7.16% |
| Virtu ITG LLC | $7K | 7.09% |
C000035612 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $300.4M | 99.77% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $646K | 0.21% |
| Instinet, LLC | $46K | 0.02% |
| Morgan Stanley & Co. LLC | $168 | 0.00% |
| Deutsche Bank Securities Inc. | $94 | 0.00% |
| HSBC Securities (USA) Inc. | $21 | 0.00% |
| Goldman Sachs & Co. LLC | $7 | 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.