C000121546 Fees and Costs — U.S. Small Cap Growth Portfolio, Institutional Class Shares
Data updated: 2026-09-24
The net expense ratio is 0.31%: a 0.28% management fee plus 0.03% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $117K in broker commissions, 0.0077% of average net assets, and portfolio turnover was 16%.
C000121546 Fees and Expenses
Annual operating expenses and sales charges of C000121546. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.28% |
| 12b-1 fee | — |
| Other expenses | 0.03% |
| Gross expense ratio | 0.31% |
| Fee waiver | — |
| Net expense ratio | 0.31% |
| 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 |
C000121546 Costs Over Time
On $10,000 invested in C000121546, assuming 5% a year before costs, total costs come to $201 over 5 years, cutting the return by 0.33% 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 0.31%) | $33 | $102 | $179 |
| Trading costs (broker commissions) | $1 | $3 | $4 |
| Lost growth on money paid in costs | $0 | $5 | $18 |
| Total costs | $33 | $110 | $201 |
| Value after costs | $10,467 | $11,466 | $12,561 |
| Impact on return, per year | 0.33% | 0.33% | 0.33% |
C000121546 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): 0.0077%
- Total broker commissions: $117K
- Bought from dealers (principal trades, not a cost): $670.6M
- Portfolio turnover (prospectus): 16%
- Securities on loan, average value: $95.5M
- Net income from securities lending: $182K (0.012% of average net assets)
C000121546 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $27K | 23.10% |
| Nomura Securities International, Inc. | $20K | 16.89% |
| BofA Securities, Inc. | $17K | 14.42% |
| BNY Capital Markets, LLC | $16K | 13.48% |
| Citigroup Global Markets Inc. | $15K | 12.78% |
| Goldman Sachs & Co. LLC | $15K | 12.70% |
| UBS Securities LLC | $5K | 3.99% |
| Stifel, Nicolaus & Company, Incorporated | $3K | 2.50% |
| JonesTrading Institutional Services LLC | $169 | 0.15% |
C000121546 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $663.6M | 100.00% |
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.