C000098969 Fees and Costs — Mid-Cap Value Portfolio, Class P
Data updated: 2026-08-11
The net expense ratio is 0.75%: a 0.70% management fee plus 0.05% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $144K in broker commissions, 0.0450% of average net assets, and portfolio turnover was 103%.
C000098969 Fees and Expenses
Annual operating expenses and sales charges of C000098969. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | — |
| Other expenses | 0.05% |
| Gross expense ratio | 0.75% |
| Fee waiver | — |
| Net expense ratio | 0.75% |
| 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 |
C000098969 Costs Over Time
On $10,000 invested in C000098969, assuming 5% a year before costs, total costs come to $499 over 5 years, cutting the return by 0.83% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $83 | $274 | $499 |
| Value after costs | $10,417 | $11,302 | $12,263 |
| Impact on return, per year | 0.83% | 0.83% | 0.83% |
C000098969 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): 0.0450%
- Total broker commissions: $144K
- Bought from dealers (principal trades, not a cost): $47.9M
- Portfolio turnover (prospectus): 103%
- Securities on loan, average value: $2.3M
- Net income from securities lending: $65K (0.020% of average net assets)
C000098969 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $46K | 34.02% |
| Morgan Stanley & Co. LLC | $19K | 13.89% |
| National Financial Services LLC | $16K | 11.61% |
| J.P. Morgan Securities LLC | $15K | 11.31% |
| RBC Capital Markets, LLC | $14K | 10.11% |
| Goldman Sachs & Co. LLC | $7K | 5.49% |
| BofA Securities, Inc. | $7K | 5.47% |
| Jefferies LLC | $5K | 3.94% |
| UBS Securities LLC | $4K | 2.74% |
| Piper Sandler & Co. | $2K | 1.43% |
C000098969 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $46.8M | 97.55% |
| Goldman Sachs & Co. LLC | $649K | 1.35% |
| Morgan Stanley & Co. LLC | $526K | 1.10% |
Mid-Cap Value Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000098969 | Class P | 0.75% | — |
| C000078098 | Class I | 0.95% | — |
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.