C000083503 Fees and Costs — Tax-Aware Overlay C Portfolio, Class 1
Data updated: 2024-02-27
The net expense ratio is 0.92% (0.96% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $36K in broker commissions, 0.0132% of average net assets, and portfolio turnover was 10%.
C000083503 Fees and Expenses
Annual operating expenses and sales charges of C000083503. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.29% |
| Gross expense ratio | 0.96% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.92% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000083503 Costs Over Time
On $10,000 invested in C000083503, assuming 5% a year before costs, total costs come to $585 over 5 years, cutting the return by 0.98% 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 | $302 | $523 |
| Trading costs (broker commissions) | $1 | $4 | $8 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $98 | $321 | $585 |
| Value after costs | $10,402 | $11,255 | $12,178 |
| Impact on return, per year | 0.98% | 0.98% | 0.98% |
C000083503 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0132%
- Total broker commissions: $36K
- Bought from dealers (principal trades, not a cost): $1.2B
- Portfolio turnover (prospectus): 10%
- Securities lending: none during the year
C000083503 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $34K | 95.82% |
| UBS Securities LLC | $760 | 2.12% |
| BofA Securities, Inc. | $338 | 0.94% |
| Morgan Stanley & Co. LLC | $299 | 0.84% |
| Citigroup Global Markets Inc. | $99 | 0.28% |
C000083503 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $460.0M | 39.05% |
| State Street Bank and Trust Company | $407.0M | 34.56% |
| Morgan Stanley & Co. LLC | $174.5M | 14.81% |
| J.P. Morgan Securities LLC | $30.5M | 2.59% |
| UBS Securities LLC | $28.5M | 2.42% |
| Guardian Capital LP | $23.2M | 1.97% |
| BofA Securities, Inc. | $17.0M | 1.44% |
| National Financial Services LLC | $15.9M | 1.35% |
| Goldman Sachs & Co. LLC | $11.2M | 0.95% |
| BNY Mellon Capital Markets, LLC | $10.1M | 0.86% |
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.