C000078095 Fees and Costs — Diversified Bond Portfolio, Class I
Data updated: 2026-08-11
The net expense ratio is 0.65%: a 0.40% management fee, a 0.20% 12b-1 fee plus 0.05% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $84K in broker commissions, 0.0046% of average net assets, and portfolio turnover was 117%.
C000078095 Fees and Expenses
Annual operating expenses and sales charges of C000078095. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.20% |
| Other expenses | 0.05% |
| Gross expense ratio | 0.65% |
| Fee waiver | — |
| Net expense ratio | 0.65% |
| 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 |
C000078095 Costs Over Time
On $10,000 invested in C000078095, assuming 5% a year before costs, total costs come to $412 over 5 years, cutting the return by 0.69% 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 0.65%) | $68 | $214 | $372 |
| Trading costs (broker commissions) | $0 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $69 | $226 | $412 |
| Value after costs | $10,431 | $11,350 | $12,351 |
| Impact on return, per year | 0.69% | 0.69% | 0.69% |
C000078095 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): 0.0046%
- Total broker commissions: $84K
- Bought from dealers (principal trades, not a cost): $5.9B
- Portfolio turnover (prospectus): 117%
- Securities on loan, average value: $33.1M
- Net income from securities lending: $80K (0.004% of average net assets)
C000078095 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $84K | 100.00% |
C000078095 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $697.6M | 14.98% |
| Goldman Sachs & Co. LLC | $526.1M | 11.30% |
| Nomura Securities International, Inc. | $501.1M | 10.76% |
| Citigroup Global Markets Inc. | $449.2M | 9.65% |
| Citadel Securities LLC | $435.9M | 9.36% |
| J.P. Morgan Securities LLC | $435.7M | 9.36% |
| Wells Fargo Securities, LLC | $430.4M | 9.24% |
| Barclays Capital Inc. | $423.7M | 9.10% |
| HSBC Securities (USA) Inc. | $417.7M | 8.97% |
| BofA Securities, Inc. | $339.4M | 7.29% |
Diversified Bond Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000098966 | Class P | 0.45% | — |
| C000078095 | Class I | 0.65% | — |
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.