C000078084 Fees and Costs — Value Portfolio, Class I
Data updated: 2026-08-11
The net expense ratio is 0.87%: a 0.71% management fee, a 0.20% 12b-1 fee plus 0.05% other expenses, less a 0.09% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $183K in broker commissions, 0.0150% of average net assets, and portfolio turnover was 32%.
C000078084 Fees and Expenses
Annual operating expenses and sales charges of C000078084. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.71% |
| 12b-1 fee | 0.20% |
| Other expenses | 0.05% |
| Gross expense ratio | 0.96% |
| Fee waiver | −0.09% |
| Net expense ratio | 0.87% |
| 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 |
C000078084 Costs Over Time
On $10,000 invested in C000078084, assuming 5% a year before costs, total costs come to $555 over 5 years, cutting the return by 0.93% 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 0.87%) | $91 | $285 | $495 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $93 | $305 | $555 |
| Value after costs | $10,407 | $11,272 | $12,208 |
| Impact on return, per year | 0.93% | 0.93% | 0.93% |
C000078084 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): 0.0150%
- Total broker commissions: $183K
- Bought from dealers (principal trades, not a cost): $130.8M
- Portfolio turnover (prospectus): 32%
- Securities on loan, average value: $5.4M
- Net income from securities lending: $5K (0.000% of average net assets)
C000078084 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $60K | 35.49% |
| BofA Securities, Inc. | $26K | 15.67% |
| Goldman Sachs & Co. LLC | $26K | 15.61% |
| Barclays Capital Inc. | $15K | 9.15% |
| J.P. Morgan Securities LLC | $11K | 6.42% |
| RBC Capital Markets, LLC | $10K | 6.01% |
| UBS Securities LLC | $6K | 3.81% |
| BNY Capital Markets, LLC | $6K | 3.28% |
| Morgan Stanley & Co. LLC | $5K | 2.74% |
| Stifel, Nicolaus & Company, Incorporated | $3K | 1.83% |
C000078084 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $130.5M | 99.79% |
| National Financial Services LLC | $275K | 0.21% |
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 |
|---|---|---|---|
| C000098956 | Class P | 0.67% | — |
| C000078084 | Class I | 0.87% | — |
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.