C000078087 Fees and Costs — Small-Cap Equity Portfolio, Class I
Data updated: 2026-08-11
The net expense ratio is 0.92%: a 0.75% management fee, a 0.20% 12b-1 fee plus 0.07% other expenses, less a 0.10% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $318K in broker commissions, 0.0818% of average net assets, and portfolio turnover was 76%.
C000078087 Fees and Expenses
Annual operating expenses and sales charges of C000078087. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.20% |
| Other expenses | 0.07% |
| Gross expense ratio | 1.02% |
| Fee waiver | −0.10% |
| Net expense ratio | 0.92% |
| 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 |
C000078087 Costs Over Time
On $10,000 invested in C000078087, assuming 5% a year before costs, total costs come to $627 over 5 years, cutting the return by 1.05% 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 0.92%) | $97 | $301 | $523 |
| Trading costs (broker commissions) | $9 | $27 | $46 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $105 | $344 | $627 |
| Value after costs | $10,395 | $11,232 | $12,136 |
| Impact on return, per year | 1.05% | 1.05% | 1.05% |
C000078087 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): 0.0818%
- Total broker commissions: $318K
- Bought from dealers (principal trades, not a cost): $1.6B
- Portfolio turnover (prospectus): 76%
- Securities on loan, average value: $2.2M
- Net income from securities lending: $31K (0.008% of average net assets)
C000078087 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $108K | 43.46% |
| Barclays Capital Inc. | $28K | 11.31% |
| UBS Securities LLC | $24K | 9.82% |
| SG Americas Securities, LLC | $19K | 7.79% |
| Goldman Sachs & Co. LLC | $14K | 5.66% |
| BMO Capital Markets Corp. | $13K | 5.08% |
| Morgan Stanley & Co. LLC | $12K | 4.70% |
| BofA Securities, Inc. | $11K | 4.59% |
| Jefferies LLC | $9K | 3.80% |
| Robert W. Baird & Co. Incorporated | $9K | 3.78% |
C000078087 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $1.2B | 78.19% |
| J.P. Morgan Securities LLC | $332.1M | 21.22% |
| UBS Securities LLC | $3.2M | 0.21% |
| Barclays Capital Inc. | $3.2M | 0.20% |
| Wells Fargo Securities, LLC | $2.0M | 0.13% |
| Morgan Stanley & Co. LLC | $808K | 0.05% |
| BofA Securities, Inc. | $520 | 0.00% |
| BNP Paribas Securities Corp. | $441 | 0.00% |
| Goldman Sachs & Co. LLC | $93 | 0.00% |
Small-Cap Equity Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000098959 | Class P | 0.72% | — |
| C000078087 | Class I | 0.92% | — |
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.