C000078081 Fees and Costs — Inflation Managed Portfolio, Class I
Data updated: 2026-08-11
The net expense ratio is 1.30%: a 0.40% management fee, a 0.20% 12b-1 fee plus 0.70% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $19K in broker commissions, 0.0053% of average net assets, and portfolio turnover was 189%.
C000078081 Fees and Expenses
Annual operating expenses and sales charges of C000078081. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.20% |
| Other expenses | 0.70% |
| Gross expense ratio | 1.30% |
| Fee waiver | — |
| Net expense ratio | 1.30% |
| 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 |
C000078081 Costs Over Time
On $10,000 invested in C000078081, assuming 5% a year before costs, total costs come to $812 over 5 years, cutting the return by 1.37% 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 1.30%) | $136 | $425 | $734 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $21 | $75 |
| Total costs | $137 | $447 | $812 |
| Value after costs | $10,363 | $11,129 | $11,951 |
| Impact on return, per year | 1.37% | 1.37% | 1.37% |
C000078081 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): 0.0053%
- Total broker commissions: $19K
- Bought from dealers (principal trades, not a cost): $7.2B
- Portfolio turnover (prospectus): 189%
- Securities lending: none during the year
C000078081 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNP Paribas Securities Corp. | $19K | 98.02% |
| Goldman Sachs & Co. LLC | $374 | 1.96% |
| Morgan Stanley & Co. LLC | $2 | 0.01% |
C000078081 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital Inc. | $3.0B | 41.38% |
| BNP Paribas Securities Corp. | $2.0B | 27.66% |
| BofA Securities, Inc. | $654.9M | 9.17% |
| Morgan Stanley & Co. LLC | $377.1M | 5.28% |
| Goldman Sachs & Co. LLC | $258.9M | 3.62% |
| J.P. Morgan Securities LLC | $248.9M | 3.48% |
| Deutsche Bank Securities Inc. | $216.2M | 3.03% |
| Nomura Securities International, Inc. | $212.1M | 2.97% |
| Citigroup Global Markets Inc. | $136.7M | 1.91% |
| BNY Capital Markets, LLC | $107.0M | 1.50% |
Inflation Managed Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000098953 | Class P | 1.10% | — |
| C000078081 | Class I | 1.30% | — |
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.