C000104217 Fees and Costs — ATM Mid Cap Managed Volatility Portfolio, Class K
Data updated: 2026-08-25
The net expense ratio is 0.61%: a 0.45% management fee plus 0.20% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $15K in broker commissions, 0.0051% of average net assets, and portfolio turnover was 20%.
C000104217 Fees and Expenses
Annual operating expenses and sales charges of C000104217. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.20% |
| Gross expense ratio | 0.66% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.61% |
| 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 |
C000104217 Costs Over Time
On $10,000 invested in C000104217, assuming 5% a year before costs, total costs come to $388 over 5 years, cutting the return by 0.65% 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 0.61%) | $64 | $201 | $349 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $65 | $212 | $388 |
| Value after costs | $10,435 | $11,364 | $12,375 |
| Impact on return, per year | 0.65% | 0.65% | 0.65% |
C000104217 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): 0.0051%
- Total broker commissions: $15K
- Bought from dealers (principal trades, not a cost): $183.8M
- Portfolio turnover (prospectus): 20%
- Securities on loan, average value: $3.9M
- Net income from securities lending: $13K (0.004% of average net assets)
C000104217 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $2K | 16.73% |
| J.P. Morgan Securities LLC | $2K | 15.05% |
| BofA Securities, Inc. | $2K | 14.92% |
| Morgan Stanley & Co. LLC | $2K | 14.29% |
| Goldman Sachs & Co. LLC | $2K | 13.90% |
| Citigroup Global Markets Inc. | $1K | 7.91% |
| Barclays Capital, Inc. | $707 | 5.32% |
| Jefferies LLC | $690 | 5.18% |
| BTIG, LLC | $514 | 3.86% |
| TD SECURITIES (USA) LLC | $376 | 2.83% |
C000104217 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $173.3M | 94.31% |
| BofA Securities, Inc. | $8.4M | 4.58% |
| Barclays Capital, Inc. | $1.2M | 0.64% |
| RBC Capital Markets, LLC | $428K | 0.23% |
| Goldman Sachs & Co. LLC | $381K | 0.21% |
| UBS Securities LLC | $49K | 0.03% |
| Morgan Stanley & Co. LLC | $1K | 0.00% |
| BNP Paribas Securities Corp. | $657 | 0.00% |
| Citigroup Global Markets Inc. | $399 | 0.00% |
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.