C000104201 Fees and Costs — EQ/Franklin Balanced Managed Volatility Portfolio, Class K
Data updated: 2021-08-25
The net expense ratio is 0.80%: a 0.65% management fee plus 0.16% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $153K in broker commissions, 0.0185% of average net assets, and portfolio turnover was 24%.
C000104201 Fees and Expenses
Annual operating expenses and sales charges of C000104201. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.16% |
| Gross expense ratio | 0.81% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.80% |
| 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 |
C000104201 Costs Over Time
On $10,000 invested in C000104201, assuming 5% a year before costs, total costs come to $514 over 5 years, cutting the return by 0.86% 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 0.80%) | $84 | $263 | $456 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $86 | $282 | $514 |
| Value after costs | $10,414 | $11,294 | $12,249 |
| Impact on return, per year | 0.86% | 0.86% | 0.86% |
C000104201 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0185%
- Total broker commissions: $153K
- Bought from dealers (principal trades, not a cost): $1.6B
- Portfolio turnover (prospectus): 24%
- Securities on loan, average value: $7.2M
- Net income from securities lending: $57K (0.007% of average net assets)
C000104201 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $27K | 21.26% |
| J.P. Morgan Securities LLC | $25K | 19.96% |
| Credit Suisse Securities (USA) LLC | $15K | 12.13% |
| Rosenblatt Securities Inc. | $14K | 10.79% |
| Morgan Stanley & Co. LLC | $10K | 7.96% |
| Citigroup Global Markets Inc. | $10K | 7.69% |
| Goldman Sachs & Co. LLC | $7K | 5.83% |
| Virtu Americas LLC | $7K | 5.67% |
| UBS Securities LLC | $6K | 4.47% |
| RBC Capital Markets, LLC | $5K | 4.23% |
C000104201 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.3B | 85.77% |
| Goldman Sachs & Co. LLC | $50.5M | 3.29% |
| Citigroup Global Markets Inc. | $39.0M | 2.54% |
| Nomura Securities International, Inc. | $28.4M | 1.85% |
| Morgan Stanley & Co. LLC | $24.4M | 1.59% |
| Credit Suisse Securities (USA) LLC | $23.6M | 1.54% |
| Barclays Capital, Inc. | $17.1M | 1.11% |
| Societe Generale | $12.6M | 0.82% |
| Wells Fargo Securities, LLC | $11.5M | 0.75% |
| HSBC Securities (USA) Inc. | $11.3M | 0.73% |
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.