C000098970 Fees and Costs — Focused Growth Portfolio, Class P
Data updated: 2026-08-11
The net expense ratio is 0.77%: a 0.72% management fee plus 0.05% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $97K in broker commissions, 0.0198% of average net assets, and portfolio turnover was 28%.
C000098970 Fees and Expenses
Annual operating expenses and sales charges of C000098970. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.72% |
| 12b-1 fee | — |
| Other expenses | 0.05% |
| Gross expense ratio | 0.77% |
| Fee waiver | — |
| Net expense ratio | 0.77% |
| 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 |
C000098970 Costs Over Time
On $10,000 invested in C000098970, assuming 5% a year before costs, total costs come to $496 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 0.77%) | $81 | $253 | $439 |
| Trading costs (broker commissions) | $2 | $7 | $11 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $83 | $272 | $496 |
| Value after costs | $10,417 | $11,304 | $12,267 |
| Impact on return, per year | 0.83% | 0.83% | 0.83% |
C000098970 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): 0.0198%
- Total broker commissions: $97K
- Bought from dealers (principal trades, not a cost): $1.2B
- Portfolio turnover (prospectus): 28%
- Securities on loan, average value: $655K
- Net income from securities lending: $2K (0.000% of average net assets)
C000098970 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $16K | 19.78% |
| RBC Capital Markets, LLC | $9K | 11.52% |
| Goldman Sachs & Co. LLC | $9K | 10.95% |
| TD Securities (USA) LLC | $8K | 10.29% |
| Morgan Stanley & Co. LLC | $8K | 9.84% |
| BofA Securities, Inc. | $7K | 8.60% |
| J.P. Morgan Securities LLC | $7K | 8.52% |
| Jefferies LLC | $6K | 7.99% |
| Liquidnet, Inc. | $5K | 6.66% |
| UBS Securities LLC | $5K | 5.85% |
C000098970 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $604.3M | 49.65% |
| BofA Securities, Inc. | $218.2M | 17.92% |
| Citigroup Global Markets Inc. | $200.0M | 16.44% |
| Wells Fargo Securities, LLC | $105.2M | 8.64% |
| J.P. Morgan Securities LLC | $33.5M | 2.75% |
| MUFG Securities Americas Inc. | $18.9M | 1.55% |
| RBC Capital Markets, LLC | $13.5M | 1.11% |
| BNY Capital Markets, LLC | $9.5M | 0.78% |
| Barclays Capital Inc. | $8.2M | 0.67% |
| Jefferies LLC | $5.9M | 0.48% |
Focused Growth Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000098970 | Class P | 0.77% | — |
| C000078104 | Class I | 0.97% | — |
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.