C000111629 Fees and Costs — Floating Rate Income Portfolio, Class I
Data updated: 2026-08-11
The net expense ratio is 0.95%: a 0.65% management fee, a 0.20% 12b-1 fee plus 0.10% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $13K in broker commissions, 0.0033% of average net assets, and portfolio turnover was 174%.
C000111629 Fees and Expenses
Annual operating expenses and sales charges of C000111629. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.20% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.95% |
| Fee waiver | — |
| Net expense ratio | 0.95% |
| 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 |
C000111629 Costs Over Time
On $10,000 invested in C000111629, assuming 5% a year before costs, total costs come to $597 over 5 years, cutting the return by 1.00% 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 0.95%) | $100 | $311 | $540 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $15 | $55 |
| Total costs | $100 | $328 | $597 |
| Value after costs | $10,400 | $11,248 | $12,166 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
C000111629 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): 0.0033%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $1.3B
- Portfolio turnover (prospectus): 174%
- Securities on loan, average value: $7.5M
- Net income from securities lending: $22K (0.006% of average net assets)
C000111629 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $10K | 79.09% |
| BofA Securities, Inc. | $3K | 20.91% |
C000111629 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $249.6M | 21.57% |
| J.P. Morgan Securities LLC | $238.0M | 20.56% |
| BofA Securities, Inc. | $183.6M | 15.87% |
| Goldman Sachs & Co. LLC | $135.6M | 11.72% |
| RBC Capital Markets, LLC | $93.7M | 8.09% |
| UBS Securities LLC | $70.8M | 6.11% |
| Jefferies LLC | $68.0M | 5.88% |
| Citigroup Global Markets Inc. | $42.3M | 3.65% |
| Nomura Securities International, Inc. | $39.7M | 3.43% |
| Deutsche Bank Securities Inc. | $36.1M | 3.12% |
Floating Rate Income Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000111630 | Class P | 0.74% | — |
| C000111629 | Class I | 0.95% | — |
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.