C000098972 Fees and Costs — Mid-Cap Plus Bond Alpha Portfolio, Class P
Data updated: 2026-08-11
The net expense ratio is 0.46%: a 0.45% management fee plus 0.06% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $20K in broker commissions, 0.0028% of average net assets, and portfolio turnover was 31%.
C000098972 Fees and Expenses
Annual operating expenses and sales charges of C000098972. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | — |
| Other expenses | 0.06% |
| Gross expense ratio | 0.51% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.46% |
| 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 |
C000098972 Costs Over Time
On $10,000 invested in C000098972, assuming 5% a year before costs, total costs come to $293 over 5 years, cutting the return by 0.49% 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 0.46%) | $48 | $152 | $264 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $8 | $27 |
| Total costs | $49 | $160 | $293 |
| Value after costs | $10,451 | $11,416 | $12,470 |
| Impact on return, per year | 0.49% | 0.49% | 0.49% |
C000098972 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): 0.0028%
- Total broker commissions: $20K
- Bought from dealers (principal trades, not a cost): $2.0B
- Portfolio turnover (prospectus): 31%
- Securities on loan, average value: $4.6M
- Net income from securities lending: $6K (0.001% of average net assets)
C000098972 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $19K | 91.80% |
| Goldman Sachs & Co. LLC | $2K | 8.20% |
C000098972 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $677.5M | 38.28% |
| Morgan Stanley & Co. LLC | $357.1M | 20.18% |
| Goldman Sachs & Co. LLC | $164.7M | 9.31% |
| Citigroup Global Markets Inc. | $119.1M | 6.73% |
| J.P. Morgan Securities LLC | $102.8M | 5.81% |
| Deutsche Bank Securities Inc. | $100.8M | 5.69% |
| BofA Securities, Inc. | $67.3M | 3.80% |
| Nomura Securities International, Inc. | $64.6M | 3.65% |
| Daiwa Capital Markets America Inc. | $59.4M | 3.36% |
| BMO Capital Markets Corp. | $56.5M | 3.19% |
Mid-Cap Plus Bond Alpha Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000098972 | Class P | 0.46% | — |
| C000078113 | Class I | 0.66% | — |
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.