C000098937 Fees and Costs — Inflation Strategy Portfolio, Class I
Data updated: 2020-06-01
The net expense ratio is 0.63%: a 0.38% management fee, a 0.20% 12b-1 fee plus 0.05% other expenses. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $12K in broker commissions, 0.0049% of average net assets, and portfolio turnover was 62%.
C000098937 Fees and Expenses
Annual operating expenses and sales charges of C000098937. Prospectus, as of August 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.38% |
| 12b-1 fee | 0.20% |
| Other expenses | 0.05% |
| Gross expense ratio | 0.63% |
| Fee waiver | — |
| Net expense ratio | 0.63% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000098937 Costs Over Time
On $10,000 invested in C000098937, assuming 5% a year before costs, total costs come to $400 over 5 years, cutting the return by 0.67% 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 0.63%) | $66 | $207 | $361 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $10 | $37 |
| Total costs | $67 | $219 | $400 |
| Value after costs | $10,433 | $11,357 | $12,363 |
| Impact on return, per year | 0.67% | 0.67% | 0.67% |
C000098937 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0049%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): $4.6B
- Portfolio turnover (prospectus): 62%
- Securities lending: none during the year
C000098937 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $12K | 100.00% |
C000098937 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $920.8M | 24.75% |
| Goldman Sachs & Co. LLC | $653.3M | 17.56% |
| BofA Securities, Inc. | $530.8M | 14.26% |
| Morgan Stanley & Co. LLC | $356.9M | 9.59% |
| Citigroup Global Markets Inc. | $285.0M | 7.66% |
| BMO Capital Markets Corp. | $269.4M | 7.24% |
| J.P. Morgan Securities LLC | $209.1M | 5.62% |
| Wells Fargo Securities, LLC | $182.3M | 4.90% |
| Barclays Capital Inc. | $163.0M | 4.38% |
| MUFG Securities Americas Inc. | $150.6M | 4.05% |
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.