C000098954 Fees and Costs — Short Duration Bond Portfolio, Class P
Data updated: 2026-08-11
The net expense ratio is 0.45%: a 0.40% management fee plus 0.05% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $45K in broker commissions, 0.0037% of average net assets, and portfolio turnover was 118%.
C000098954 Fees and Expenses
Annual operating expenses and sales charges of C000098954. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | — |
| Other expenses | 0.05% |
| Gross expense ratio | 0.45% |
| Fee waiver | — |
| Net expense ratio | 0.45% |
| 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 |
C000098954 Costs Over Time
On $10,000 invested in C000098954, assuming 5% a year before costs, total costs come to $287 over 5 years, cutting the return by 0.48% 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 0.45%) | $47 | $148 | $259 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $48 | $157 | $287 |
| Value after costs | $10,452 | $11,419 | $12,476 |
| Impact on return, per year | 0.48% | 0.48% | 0.48% |
C000098954 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): 0.0037%
- Total broker commissions: $45K
- Bought from dealers (principal trades, not a cost): $3.8B
- Portfolio turnover (prospectus): 118%
- Securities on loan, average value: $6.6M
- Net income from securities lending: $11K (0.001% of average net assets)
C000098954 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $44K | 98.01% |
| Citigroup Global Markets Inc. | $901 | 1.99% |
C000098954 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $474.0M | 15.84% |
| Wells Fargo Securities, LLC | $397.8M | 13.29% |
| Citigroup Global Markets Inc. | $395.4M | 13.21% |
| Barclays Capital Inc. | $390.0M | 13.03% |
| Goldman Sachs & Co. LLC | $354.7M | 11.85% |
| J.P. Morgan Securities LLC | $272.7M | 9.11% |
| Jane Street Execution Services, LLC | $236.1M | 7.89% |
| Morgan Stanley & Co. LLC | $231.3M | 7.73% |
| BNP Paribas Securities Corp. | $127.3M | 4.25% |
| TD Securities (USA) LLC | $113.3M | 3.79% |
Short Duration Bond Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000098954 | Class P | 0.45% | — |
| C000078082 | Class I | 0.65% | — |
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.