C000084882 Fees and Costs — Short Duration Plus Portfolio, Short Duration Plus Class
Data updated: 2024-02-27
The net expense ratio is 0.54%: a 0.35% management fee plus 0.19% other expenses. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $8K in broker commissions, 0.0031% of average net assets, and portfolio turnover was 48%.
C000084882 Fees and Expenses
Annual operating expenses and sales charges of C000084882. Prospectus, as of January 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.19% |
| Gross expense ratio | 0.54% |
| Fee waiver | — |
| Net expense ratio | 0.54% |
| 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 |
C000084882 Costs Over Time
On $10,000 invested in C000084882, assuming 5% a year before costs, total costs come to $343 over 5 years, cutting the return by 0.57% 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 0.54%) | $57 | $178 | $310 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $57 | $188 | $343 |
| Value after costs | $10,443 | $11,389 | $12,420 |
| Impact on return, per year | 0.57% | 0.57% | 0.57% |
C000084882 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): 0.0031%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): $709.9M
- Portfolio turnover (prospectus): 48%
- Securities lending: none during the year
C000084882 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $8K | 100.00% |
C000084882 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Deutsche Bank Securities Inc. | $149.7M | 23.10% |
| Citigroup Global Markets Inc. | $129.7M | 20.02% |
| J.P. Morgan Securities LLC | $93.1M | 14.37% |
| BofA Securities, Inc. | $87.6M | 13.52% |
| Morgan Stanley & Co. LLC | $48.2M | 7.44% |
| SG Americas Securities, LLC | $35.5M | 5.48% |
| HSBC Securities (USA) Inc. | $35.0M | 5.41% |
| Citadel Securities LLC | $34.3M | 5.30% |
| Nomura Securities International, Inc. | $21.7M | 3.35% |
| Goldman Sachs & Co. LLC | $13.1M | 2.02% |
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.