C000098973 Fees and Costs — International Value Portfolio, Class P
Data updated: 2026-08-11
The net expense ratio is 0.71%: a 0.65% management fee plus 0.06% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $531K in broker commissions, 0.0462% of average net assets, and portfolio turnover was 39%.
C000098973 Fees and Expenses
Annual operating expenses and sales charges of C000098973. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | — |
| Other expenses | 0.06% |
| Gross expense ratio | 0.71% |
| Fee waiver | — |
| Net expense ratio | 0.71% |
| 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 |
C000098973 Costs Over Time
On $10,000 invested in C000098973, assuming 5% a year before costs, total costs come to $475 over 5 years, cutting the return by 0.79% 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 0.71%) | $75 | $233 | $405 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $79 | $261 | $475 |
| Value after costs | $10,421 | $11,316 | $12,287 |
| Impact on return, per year | 0.79% | 0.79% | 0.79% |
C000098973 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): 0.0462%
- Total broker commissions: $531K
- Bought from dealers (principal trades, not a cost): $6.4M
- Portfolio turnover (prospectus): 39%
- Securities on loan, average value: $11.9M
- Net income from securities lending: $110K (0.010% of average net assets)
C000098973 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $101K | 23.33% |
| Deutsche Bank Securities Inc. | $77K | 17.75% |
| Jefferies LLC | $52K | 11.92% |
| BofA Securities, Inc. | $38K | 8.85% |
| J.P. Morgan Securities LLC | $38K | 8.74% |
| Morgan Stanley & Co. LLC | $35K | 8.01% |
| UBS Securities LLC | $33K | 7.59% |
| Barclays Capital Inc. | $25K | 5.82% |
| Goldman Sachs & Co. LLC | $20K | 4.65% |
| BNP Paribas Securities Corp. | $14K | 3.34% |
C000098973 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Deutsche Bank Securities Inc. | $2.5M | 38.79% |
| Morgan Stanley & Co. LLC | $1.7M | 26.23% |
| Citigroup Global Markets Inc. | $1.3M | 20.22% |
| State Street Bank and Trust Company | $938K | 14.76% |
International 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 |
|---|---|---|---|
| C000098973 | Class P | 0.71% | — |
| C000078114 | Class I | 0.91% | — |
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.