C000104219 Fees and Costs — ATM Small Cap Managed Volatility Portfolio, Class K
Data updated: 2026-08-25
The net expense ratio is 0.61%: a 0.45% management fee plus 0.17% other expenses, less a 0.02% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $166K in broker commissions, 0.0174% of average net assets, and portfolio turnover was 21%.
C000104219 Fees and Expenses
Annual operating expenses and sales charges of C000104219. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.17% |
| Gross expense ratio | 0.63% |
| Fee waiver | −0.02% |
| 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 |
C000104219 Costs Over Time
On $10,000 invested in C000104219, assuming 5% a year before costs, total costs come to $395 over 5 years, cutting the return by 0.66% 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) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $66 | $217 | $395 |
| Value after costs | $10,434 | $11,360 | $12,367 |
| Impact on return, per year | 0.66% | 0.66% | 0.66% |
C000104219 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): 0.0174%
- Total broker commissions: $166K
- Bought from dealers (principal trades, not a cost): $488.1M
- Portfolio turnover (prospectus): 21%
- Securities on loan, average value: $49.5M
- Net income from securities lending: $624K (0.065% of average net assets)
C000104219 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $29K | 20.03% |
| UBS Securities LLC | $25K | 17.13% |
| Citigroup Global Markets Inc. | $21K | 14.37% |
| BofA Securities, Inc. | $19K | 13.26% |
| Morgan Stanley & Co. LLC | $16K | 10.80% |
| J.P. Morgan Securities LLC | $11K | 7.80% |
| Jefferies LLC | $10K | 6.76% |
| Barclays Capital, Inc. | $6K | 4.45% |
| RBC Capital Markets, LLC | $4K | 3.01% |
| Instinet, LLC | $3K | 2.39% |
C000104219 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $438.7M | 89.88% |
| Morgan Stanley & Co. LLC | $35.1M | 7.20% |
| BofA Securities, Inc. | $13.1M | 2.69% |
| Barclays Capital, Inc. | $956K | 0.20% |
| UBS Securities LLC | $137K | 0.03% |
| Virtu Americas LLC | $429 | 0.00% |
| Citadel Securities LLC | $235 | 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.