C000098950 Fees and Costs — Emerging Markets Portfolio, Class P
Data updated: 2026-08-11
The net expense ratio is 0.87%: a 0.80% management fee plus 0.10% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.7M in broker commissions, 0.2738% of average net assets, and portfolio turnover was 226%.
C000098950 Fees and Expenses
Annual operating expenses and sales charges of C000098950. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | — |
| Other expenses | 0.10% |
| Gross expense ratio | 0.90% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.87% |
| 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 |
C000098950 Costs Over Time
On $10,000 invested in C000098950, assuming 5% a year before costs, total costs come to $713 over 5 years, cutting the return by 1.20% 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 0.87%) | $91 | $285 | $493 |
| Trading costs (broker commissions) | $29 | $90 | $155 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $120 | $393 | $713 |
| Value after costs | $10,380 | $11,184 | $12,049 |
| Impact on return, per year | 1.20% | 1.20% | 1.20% |
C000098950 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): 0.2738%
- Total broker commissions: $1.7M
- Bought from dealers (principal trades, not a cost): $5.4M
- Portfolio turnover (prospectus): 226%
- Securities on loan, average value: $1.4M
- Net income from securities lending: $26K (0.004% of average net assets)
C000098950 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $299K | 20.82% |
| HSBC Securities (USA) Inc. | $202K | 14.04% |
| UBS Securities LLC | $182K | 12.65% |
| CLSA Americas, LLC | $177K | 12.32% |
| Citigroup Global Markets Inc. | $158K | 10.98% |
| J.P. Morgan Securities LLC | $117K | 8.17% |
| Morgan Stanley & Co. LLC | $116K | 8.04% |
| Deutsche Bank Securities Inc. | $104K | 7.24% |
| Jefferies LLC | $48K | 3.33% |
| Goldman Sachs & Co. LLC | $35K | 2.40% |
C000098950 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Deutsche Bank Securities Inc. | $3.0M | 56.12% |
| State Street Bank and Trust Company | $2.4M | 43.88% |
Emerging Markets Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000098950 | Class P | 0.87% | — |
| C000078078 | Class I | 1.07% | — |
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.