C000077115 Fees and Costs — EQ/400 Managed Volatility Portfolio, Class IB
Data updated: 2026-08-25
The net expense ratio is 0.85%: a 0.45% management fee, a 0.25% 12b-1 fee plus 0.16% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $39K in broker commissions, 0.0050% of average net assets, and portfolio turnover was 15%.
C000077115 Fees and Expenses
Annual operating expenses and sales charges of C000077115. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.16% |
| Gross expense ratio | 0.86% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.85% |
| 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 |
C000077115 Costs Over Time
On $10,000 invested in C000077115, assuming 5% a year before costs, total costs come to $536 over 5 years, cutting the return by 0.90% 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 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $90 | $294 | $536 |
| Value after costs | $10,410 | $11,282 | $12,226 |
| Impact on return, per year | 0.90% | 0.90% | 0.90% |
C000077115 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): 0.0050%
- Total broker commissions: $39K
- Bought from dealers (principal trades, not a cost): $384.6M
- Portfolio turnover (prospectus): 15%
- Securities on loan, average value: $14.3M
- Net income from securities lending: $42K (0.005% of average net assets)
C000077115 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $6K | 17.58% |
| Goldman Sachs & Co. LLC | $5K | 15.58% |
| UBS Securities LLC | $5K | 14.11% |
| BofA Securities, Inc. | $4K | 12.65% |
| Citigroup Global Markets Inc. | $3K | 10.01% |
| Barclays Capital, Inc. | $3K | 7.95% |
| Jefferies LLC | $2K | 7.39% |
| BTIG, LLC | $2K | 5.75% |
| BNP Paribas Securities Corp. | $2K | 4.68% |
| TD SECURITIES (USA) LLC | $1K | 4.30% |
C000077115 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $384.6M | 100.00% |
| Morgan Stanley & Co. LLC | $708 | 0.00% |
| UBS Securities LLC | $566 | 0.00% |
| BNP Paribas Securities Corp. | $210 | 0.00% |
EQ/400 Managed Volatility Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000104216 | Class K | 0.60% | — |
| C000077115 | Class IB | 0.85% | — |
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.