C000078075 Fees and Costs — Small-Cap Value Portfolio, Class I
Data updated: 2026-08-11
The net expense ratio is 0.84%: a 0.75% management fee, a 0.20% 12b-1 fee plus 0.06% other expenses, less a 0.17% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $111K in broker commissions, 0.0320% of average net assets, and portfolio turnover was 48%.
C000078075 Fees and Expenses
Annual operating expenses and sales charges of C000078075. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.20% |
| Other expenses | 0.06% |
| Gross expense ratio | 1.01% |
| Fee waiver | −0.17% |
| Net expense ratio | 0.84% |
| 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 | No |
C000078075 Costs Over Time
On $10,000 invested in C000078075, assuming 5% a year before costs, total costs come to $547 over 5 years, cutting the return by 0.92% 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 0.84%) | $88 | $276 | $479 |
| Trading costs (broker commissions) | $3 | $10 | $18 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $92 | $300 | $547 |
| Value after costs | $10,408 | $11,276 | $12,216 |
| Impact on return, per year | 0.92% | 0.92% | 0.92% |
C000078075 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): 0.0320%
- Total broker commissions: $111K
- Bought from dealers (principal trades, not a cost): $10.9M
- Portfolio turnover (prospectus): 48%
- Securities on loan, average value: $5.5M
- Net income from securities lending: $24K (0.007% of average net assets)
C000078075 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $74K | 66.67% |
| BofA Securities, Inc. | $15K | 13.64% |
| J.P. Morgan Securities LLC | $9K | 7.85% |
| Jefferies LLC | $8K | 6.90% |
| UBS Securities LLC | $4K | 3.66% |
| Sanford C. Bernstein & Co., LLC | $1K | 1.13% |
| Morgan Stanley & Co. LLC | $165 | 0.15% |
C000078075 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $9.7M | 100.00% |
Small-Cap 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 |
|---|---|---|---|
| C000098948 | Class P | 0.64% | — |
| C000078075 | Class I | 0.84% | — |
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.