C000078094 Fees and Costs — International Small-Cap Portfolio, Class I
Data updated: 2026-09-21
The net expense ratio is 1.11%: a 0.85% management fee, a 0.20% 12b-1 fee plus 0.09% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $420K in broker commissions, 0.0938% of average net assets, and portfolio turnover was 67%.
C000078094 Fees and Expenses
Annual operating expenses and sales charges of C000078094. Prospectus, as of September 21, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.20% |
| Other expenses | 0.09% |
| Gross expense ratio | 1.14% |
| Fee waiver | −0.03% |
| Net expense ratio | 1.11% |
| 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 |
C000078094 Costs Over Time
On $10,000 invested in C000078094, assuming 5% a year before costs, total costs come to $750 over 5 years, cutting the return by 1.26% 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 1.11%) | $117 | $363 | $628 |
| Trading costs (broker commissions) | $10 | $31 | $53 |
| Lost growth on money paid in costs | $0 | $20 | $69 |
| Total costs | $126 | $413 | $750 |
| Value after costs | $10,374 | $11,163 | $12,013 |
| Impact on return, per year | 1.26% | 1.26% | 1.26% |
C000078094 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): 0.0938%
- Total broker commissions: $420K
- Bought from dealers (principal trades, not a cost): $16.5M
- Portfolio turnover (prospectus): 67%
- Securities on loan, average value: $8.2M
- Net income from securities lending: $25K (0.006% of average net assets)
C000078094 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $47K | 13.30% |
| UBS Securities LLC | $45K | 12.78% |
| J.P. Morgan Securities LLC | $44K | 12.49% |
| Jefferies LLC | $39K | 11.20% |
| BofA Securities, Inc. | $38K | 10.86% |
| BNP Paribas Securities Corp. | $37K | 10.69% |
| Goldman Sachs & Co. LLC | $34K | 9.63% |
| Citigroup Global Markets Inc. | $31K | 8.98% |
| Nomura Securities International, Inc. | $21K | 5.94% |
| Macquarie Capital (USA) Inc. | $14K | 4.14% |
C000078094 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $4.2M | 48.05% |
| BofA Securities, Inc. | $1.2M | 14.04% |
| Morgan Stanley & Co. LLC | $1.1M | 12.78% |
| J.P. Morgan Securities LLC | $1.0M | 11.95% |
| DNB Carnegie, Inc. | $638K | 7.35% |
| BNY Capital Markets, LLC | $213K | 2.45% |
| Northern Trust Securities, Inc. | $207K | 2.39% |
| State Street Bank and Trust Company | $86K | 0.99% |
| BNP Paribas Securities Corp. | $11 | 0.00% |
| Citigroup Global Markets Inc. | $7 | 0.00% |
International Small-Cap Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000098965 | Class P | 0.91% | — |
| C000078094 | Class I | 1.11% | — |
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.