C000074784 Fees and Costs — High Income Fund, Class II
Data updated: 2025-05-19
The net expense ratio is 1.03%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.02% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 16%.
C000074784 Fees and Expenses
Annual operating expenses and sales charges of C000074784. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.02% |
| Gross expense ratio | 1.03% |
| Fee waiver | — |
| Net expense ratio | 1.03% |
| 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 |
C000074784 Costs Over Time
On $10,000 invested in C000074784, assuming 5% a year before costs, total costs come to $644 over 5 years, cutting the return by 1.08% 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 1.03%) | $108 | $337 | $585 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $108 | $354 | $644 |
| Value after costs | $10,392 | $11,222 | $12,119 |
| Impact on return, per year | 1.08% | 1.08% | 1.08% |
C000074784 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $135.2M
- Portfolio turnover (prospectus): 16%
- Securities on loan, average value: $1.5M
- Net income from securities lending: $10K (0.088% of average net assets)
C000074784 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $133.5M | 99.24% |
| Goldman Sachs & Co. LLC | $267K | 0.20% |
| Santander Securities LLC | $250K | 0.19% |
| BofA Securities, Inc. | $163K | 0.12% |
| Morgan Stanley & Co. LLC | $152K | 0.11% |
| Wells Fargo Securities, LLC | $103K | 0.08% |
| BMO Capital Markets Corp. | $25K | 0.02% |
| Millennium Advisors, LLC | $25K | 0.02% |
| MarketAxess Corporation | $18K | 0.01% |
| Citigroup Global Markets Inc. | $15K | 0.01% |
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.