C000119189 Fees and Costs — International Social Core Equity Portfolio, Institutional Class Shares
Data updated: 2026-09-24
The net expense ratio is 0.26%: a 0.22% management fee plus 0.04% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $108K in broker commissions, 0.0065% of average net assets, and portfolio turnover was 12%.
C000119189 Fees and Expenses
Annual operating expenses and sales charges of C000119189. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.22% |
| 12b-1 fee | — |
| Other expenses | 0.04% |
| Gross expense ratio | 0.26% |
| Fee waiver | — |
| Net expense ratio | 0.26% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
C000119189 Costs Over Time
On $10,000 invested in C000119189, assuming 5% a year before costs, total costs come to $169 over 5 years, cutting the return by 0.28% 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 0.26%) | $27 | $86 | $150 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $4 | $15 |
| Total costs | $28 | $92 | $169 |
| Value after costs | $10,472 | $11,484 | $12,594 |
| Impact on return, per year | 0.28% | 0.28% | 0.28% |
C000119189 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0065%
- Total broker commissions: $108K
- Bought from dealers (principal trades, not a cost): $12.1M
- Portfolio turnover (prospectus): 12%
- Securities on loan, average value: $102.3M
- Net income from securities lending: $904K (0.055% of average net assets)
C000119189 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $39K | 36.40% |
| Nomura Securities International, Inc. | $31K | 28.37% |
| Virtu Americas LLC | $22K | 20.51% |
| UBS Securities LLC | $12K | 11.47% |
| Goldman Sachs & Co. LLC | $1K | 1.39% |
| Citigroup Global Markets Inc. | $1K | 1.01% |
| Loop Capital Markets LLC | $906 | 0.84% |
C000119189 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $202K | 38.85% |
| Macquarie Capital (USA) Inc. | $117K | 22.51% |
| ABN AMRO Securities (USA) LLC | $68K | 13.01% |
| Penson Worldwide, Inc. | $36K | 6.99% |
| State Street Bank and Trust Company | $34K | 6.57% |
| Argonaut Securities Pty Limited | $28K | 5.34% |
| BofA Securities, Inc. | $12K | 2.36% |
| Morgans Financial Limited | $8K | 1.62% |
| Goldman Sachs & Co. LLC | $7K | 1.39% |
| Morgan Stanley & Co. LLC | $7K | 1.36% |
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.