C000053634 Fees and Costs — U.S. Targeted Value Portfolio, Class R2
Data updated: 2026-09-24
The net expense ratio is 0.00% (0.54% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.0M in broker commissions, 0.0079% of average net assets, and portfolio turnover was 7%.
C000053634 Fees and Expenses
Annual operating expenses and sales charges of C000053634. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.27% |
| 12b-1 fee | — |
| Other expenses | 0.27% |
| Gross expense ratio | 0.54% |
| Fee waiver | — |
| Net expense ratio | 0.00% |
| 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 |
C000053634 Costs Over Time
On $10,000 invested in C000053634, assuming 5% a year before costs, total costs come to $5 over 5 years, cutting the return by 0.01% 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 0.00%) | $0 | $0 | $0 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $0 | $0 |
| Total costs | $1 | $3 | $5 |
| Value after costs | $10,499 | $11,574 | $12,758 |
| Impact on return, per year | 0.01% | 0.01% | 0.01% |
C000053634 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0079%
- Total broker commissions: $1.0M
- Bought from dealers (principal trades, not a cost): $5.2B
- Portfolio turnover (prospectus): 7%
- Securities on loan, average value: $767.3M
- Net income from securities lending: $1.3M (0.010% of average net assets)
C000053634 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $236K | 22.73% |
| Nomura Securities International, Inc. | $197K | 18.97% |
| BofA Securities, Inc. | $192K | 18.43% |
| Citigroup Global Markets Inc. | $147K | 14.17% |
| Goldman Sachs & Co. LLC | $123K | 11.83% |
| BNY Capital Markets, LLC | $99K | 9.55% |
| UBS Securities LLC | $24K | 2.34% |
| Stifel, Nicolaus & Company, Incorporated | $20K | 1.91% |
| JonesTrading Institutional Services LLC | $761 | 0.07% |
C000053634 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $5.1B | 100.00% |
U.S. Targeted Value Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000053634 | Class R2 | 0.00% | — |
| DFFVX | Institutional Class Shares | 0.29% | — |
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.