C000121547 Fees and Costs — International Large Cap Growth Portfolio, Institutional Class Shares
Data updated: 2026-09-24
The net expense ratio is 0.27%: a 0.23% management fee plus 0.04% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $69K in broker commissions, 0.0069% of average net assets, and portfolio turnover was 13%.
C000121547 Fees and Expenses
Annual operating expenses and sales charges of C000121547. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.23% |
| 12b-1 fee | — |
| Other expenses | 0.04% |
| Gross expense ratio | 0.27% |
| Fee waiver | — |
| Net expense ratio | 0.27% |
| 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 |
C000121547 Costs Over Time
On $10,000 invested in C000121547, assuming 5% a year before costs, total costs come to $176 over 5 years, cutting the return by 0.29% 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 0.27%) | $28 | $89 | $156 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $5 | $16 |
| Total costs | $29 | $96 | $176 |
| Value after costs | $10,471 | $11,480 | $12,587 |
| Impact on return, per year | 0.29% | 0.29% | 0.29% |
C000121547 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): 0.0069%
- Total broker commissions: $69K
- Bought from dealers (principal trades, not a cost): $4.3M
- Portfolio turnover (prospectus): 13%
- Securities on loan, average value: $42.8M
- Net income from securities lending: $198K (0.020% of average net assets)
C000121547 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $21K | 30.53% |
| Nomura Securities International, Inc. | $20K | 29.03% |
| Virtu Americas LLC | $14K | 20.69% |
| UBS Securities LLC | $10K | 14.40% |
| Loop Capital Markets LLC | $2K | 2.66% |
| Citigroup Global Markets Inc. | $1K | 1.87% |
| Goldman Sachs & Co. LLC | $544 | 0.79% |
| BofA Securities, Inc. | $23 | 0.03% |
C000121547 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $149K | 66.99% |
| State Street Bank and Trust Company | $29K | 12.82% |
| Macquarie Capital (USA) Inc. | $27K | 12.22% |
| Morgans Financial Limited | $18K | 7.97% |
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.