C000098952 Fees and Costs — Total Return Portfolio, Class P
Data updated: 2026-08-11
The net expense ratio is 0.87%: a 0.40% management fee plus 0.47% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $56K in broker commissions, 0.0033% of average net assets, and portfolio turnover was 570%.
C000098952 Fees and Expenses
Annual operating expenses and sales charges of C000098952. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | — |
| Other expenses | 0.47% |
| Gross expense ratio | 0.87% |
| Fee waiver | — |
| 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 |
C000098952 Costs Over Time
On $10,000 invested in C000098952, assuming 5% a year before costs, total costs come to $548 over 5 years, cutting the return by 0.92% 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 | $496 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $92 | $301 | $548 |
| Value after costs | $10,408 | $11,276 | $12,215 |
| Impact on return, per year | 0.92% | 0.92% | 0.92% |
C000098952 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): 0.0033%
- Total broker commissions: $56K
- Bought from dealers (principal trades, not a cost): $35.7B
- Portfolio turnover (prospectus): 570%
- Securities on loan, average value: $9.9M
- Net income from securities lending: $25K (0.001% of average net assets)
C000098952 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $56K | 99.75% |
| BGC Financial, L.P. | $104 | 0.18% |
| RBC Capital Markets, LLC | $39 | 0.07% |
C000098952 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $6.2B | 17.49% |
| J.P. Morgan Securities LLC | $6.0B | 17.06% |
| Barclays Capital Inc. | $6.0B | 16.92% |
| BofA Securities, Inc. | $5.5B | 15.66% |
| Goldman Sachs & Co. LLC | $4.2B | 12.03% |
| Citigroup Global Markets Inc. | $2.6B | 7.29% |
| UBS Securities LLC | $1.9B | 5.39% |
| Mizuho Securities USA LLC | $1.2B | 3.29% |
| BNP Paribas Securities Corp. | $1.1B | 3.00% |
| Wells Fargo Securities, LLC | $659.3M | 1.87% |
Total Return Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000098952 | Class P | 0.87% | — |
| C000078080 | 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.