C000121548 Fees and Costs — International Small Cap Growth Portfolio, Institutional Class Shares
Data updated: 2026-09-24
The net expense ratio is 0.45%: a 0.39% management fee plus 0.06% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $22K in broker commissions, 0.0082% of average net assets, and portfolio turnover was 20%.
C000121548 Fees and Expenses
Annual operating expenses and sales charges of C000121548. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | — |
| Other expenses | 0.06% |
| Gross expense ratio | 0.45% |
| Fee waiver | — |
| Net expense ratio | 0.45% |
| 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 |
C000121548 Costs Over Time
On $10,000 invested in C000121548, assuming 5% a year before costs, total costs come to $290 over 5 years, cutting the return by 0.48% 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 0.45%) | $47 | $148 | $259 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $48 | $158 | $290 |
| Value after costs | $10,452 | $11,418 | $12,473 |
| Impact on return, per year | 0.48% | 0.48% | 0.48% |
C000121548 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): 0.0082%
- Total broker commissions: $22K
- Bought from dealers (principal trades, not a cost): $3.9M
- Portfolio turnover (prospectus): 20%
- Securities on loan, average value: $21.6M
- Net income from securities lending: $238K (0.088% of average net assets)
C000121548 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $7K | 32.22% |
| Nomura Securities International, Inc. | $7K | 30.29% |
| Virtu Americas LLC | $5K | 22.96% |
| UBS Securities LLC | $2K | 10.40% |
| Loop Capital Markets LLC | $475 | 2.12% |
| Citigroup Global Markets Inc. | $401 | 1.79% |
| Goldman Sachs & Co. LLC | $48 | 0.21% |
C000121548 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $43K | 24.43% |
| UBS Securities LLC | $36K | 20.62% |
| Argonaut Securities Pty Limited | $35K | 19.65% |
| Macquarie Capital (USA) Inc. | $26K | 14.90% |
| Morgan Stanley & Co. LLC | $21K | 11.73% |
| Penson Worldwide, Inc. | $9K | 4.96% |
| Goldman Sachs & Co. LLC | $4K | 2.40% |
| Barrenjoey Markets Pty Limited | $2K | 1.31% |
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.