C000104196 Fees and Costs — EQ/Global Equity Managed Volatility Portfolio, Class K
Data updated: 2026-08-25
The net expense ratio is 0.85%: a 0.72% management fee plus 0.20% other expenses, less a 0.07% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $277K in broker commissions, 0.0165% of average net assets, and portfolio turnover was 12%.
C000104196 Fees and Expenses
Annual operating expenses and sales charges of C000104196. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.72% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.20% |
| Gross expense ratio | 0.92% |
| Fee waiver | −0.07% |
| Net expense ratio | 0.85% |
| 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 | Yes |
C000104196 Costs Over Time
On $10,000 invested in C000104196, assuming 5% a year before costs, total costs come to $543 over 5 years, cutting the return by 0.91% 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 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $91 | $298 | $543 |
| Value after costs | $10,409 | $11,278 | $12,219 |
| Impact on return, per year | 0.91% | 0.91% | 0.91% |
C000104196 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): 0.0165%
- Total broker commissions: $277K
- Bought from dealers (principal trades, not a cost): $457.5M
- Portfolio turnover (prospectus): 12%
- Securities on loan, average value: $14.6M
- Net income from securities lending: $129K (0.008% of average net assets)
C000104196 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $39K | 18.67% |
| UBS Securities LLC | $38K | 18.17% |
| Goldman Sachs & Co. LLC | $32K | 15.09% |
| Citigroup Global Markets Inc. | $24K | 11.36% |
| Barclays Capital, Inc. | $22K | 10.54% |
| Jefferies LLC | $14K | 6.67% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $11K | 5.46% |
| Morgan Stanley & Co. LLC | $10K | 4.97% |
| HSBC Securities (USA) Inc. | $10K | 4.57% |
| BofA Securities, Inc. | $9K | 4.52% |
C000104196 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $457.4M | 99.98% |
| Morgan Stanley & Co. LLC | $29K | 0.01% |
| UBS Securities LLC | $13K | 0.00% |
| Citigroup Global Markets Inc. | $11K | 0.00% |
| BofA Securities, Inc. | $9K | 0.00% |
| BNP Paribas Securities Corp. | $7K | 0.00% |
| Barclays Capital, Inc. | $5K | 0.00% |
| Goldman Sachs & Co. LLC | $474 | 0.00% |
EQ/Global Equity Managed Volatility Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000104196 | Class K | 0.85% | — |
| C000025017 | Class IB | 1.10% | — |
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.