C000078109 Fees and Costs — PD High Yield Bond Market Portfolio, Class P
Data updated: 2026-08-11
The net expense ratio is 0.28%: a 0.19% management fee plus 0.09% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 166%.
C000078109 Fees and Expenses
Annual operating expenses and sales charges of C000078109. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.19% |
| 12b-1 fee | — |
| Other expenses | 0.09% |
| Gross expense ratio | 0.28% |
| Fee waiver | — |
| Net expense ratio | 0.28% |
| 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 |
C000078109 Costs Over Time
On $10,000 invested in C000078109, assuming 5% a year before costs, total costs come to $178 over 5 years, cutting the return by 0.29% 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 0.28%) | $29 | $92 | $162 |
| Lost growth on money paid in costs | $0 | $5 | $16 |
| Total costs | $29 | $97 | $178 |
| Value after costs | $10,471 | $11,479 | $12,585 |
| Impact on return, per year | 0.29% | 0.29% | 0.29% |
C000078109 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $869.6M
- Portfolio turnover (prospectus): 166%
- Securities on loan, average value: $4.2M
- Net income from securities lending: $70K (0.025% of average net assets)
C000078109 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $313.5M | 37.73% |
| J.P. Morgan Securities LLC | $261.1M | 31.42% |
| Goldman Sachs & Co. LLC | $93.5M | 11.25% |
| Barclays Capital Inc. | $61.0M | 7.34% |
| Morgan Stanley & Co. LLC | $30.8M | 3.70% |
| Jane Street Execution Services, LLC | $19.8M | 2.38% |
| BofA Securities, Inc. | $19.3M | 2.32% |
| Citigroup Global Markets Inc. | $15.8M | 1.90% |
| Wells Fargo Securities, LLC | $8.9M | 1.07% |
| BNY Capital Markets, LLC | $7.3M | 0.88% |
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.