C000056038 Fees and Costs — Diversified Income Fund, Class I
Data updated: 2026-08-21
The net expense ratio is 0.71%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $39K in broker commissions, 0.0273% of average net assets, and portfolio turnover was 20%.
C000056038 Fees and Expenses
Annual operating expenses and sales charges of C000056038. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.71% |
| Fee waiver | — |
| Net expense ratio | 0.71% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000056038 Costs Over Time
On $10,000 invested in C000056038, assuming 5% a year before costs, total costs come to $464 over 5 years, cutting the return by 0.77% 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 0.71%) | $75 | $233 | $406 |
| Trading costs (broker commissions) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $77 | $254 | $464 |
| Value after costs | $10,423 | $11,322 | $12,299 |
| Impact on return, per year | 0.77% | 0.77% | 0.77% |
C000056038 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): 0.0273%
- Total broker commissions: $39K
- Bought from dealers (principal trades, not a cost): $196.7M
- Portfolio turnover (prospectus): 20%
- Securities on loan, average value: $10.4M
- Net income from securities lending: $35K (0.024% of average net assets)
C000056038 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Robert W. Baird & Co. Incorporated | $11K | 26.92% |
| William Blair & Company, L.L.C. | $8K | 20.56% |
| RBC Capital Markets, LLC | $7K | 17.53% |
| SG Americas Securities, LLC | $6K | 16.10% |
| Jane Street Execution Services, LLC | $6K | 15.65% |
| Goldman Sachs & Co. LLC | $1K | 3.24% |
C000056038 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $196.7M | 100.00% |
Diversified Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000056038 | Class I | 0.71% | none |
| C000074785 | Class II | 0.96% | none |
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.