C000125303 Fees and Costs — Value Advantage Portfolio, Class P
Data updated: 2026-08-11
The net expense ratio is 0.69%: a 0.66% management fee plus 0.05% other expenses, less a 0.02% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $211K in broker commissions, 0.0281% of average net assets, and portfolio turnover was 57%.
C000125303 Fees and Expenses
Annual operating expenses and sales charges of C000125303. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.66% |
| 12b-1 fee | — |
| Other expenses | 0.05% |
| Gross expense ratio | 0.71% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.69% |
| 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 |
C000125303 Costs Over Time
On $10,000 invested in C000125303, assuming 5% a year before costs, total costs come to $452 over 5 years, cutting the return by 0.75% 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 0.69%) | $72 | $227 | $394 |
| Trading costs (broker commissions) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $75 | $248 | $452 |
| Value after costs | $10,425 | $11,329 | $12,311 |
| Impact on return, per year | 0.75% | 0.75% | 0.75% |
C000125303 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): 0.0281%
- Total broker commissions: $211K
- Bought from dealers (principal trades, not a cost): $62.4M
- Portfolio turnover (prospectus): 57%
- Securities on loan, average value: $2.5M
- Net income from securities lending: $4K (0.001% of average net assets)
C000125303 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $41K | 24.68% |
| UBS Securities LLC | $22K | 13.37% |
| BofA Securities, Inc. | $20K | 11.94% |
| Morgan Stanley & Co. LLC | $17K | 10.05% |
| Evercore Group L.L.C. | $15K | 8.90% |
| Barclays Capital Inc. | $14K | 8.42% |
| Piper Sandler & Co. | $11K | 6.97% |
| TD Securities (USA) LLC | $10K | 5.96% |
| Goldman Sachs & Co. LLC | $9K | 5.17% |
| Truist Securities, Inc. | $7K | 4.54% |
C000125303 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $58.7M | 94.09% |
| BofA Securities, Inc. | $3.4M | 5.40% |
| Morgan Stanley & Co. LLC | $319K | 0.51% |
Value Advantage Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000125303 | Class P | 0.69% | — |
| C000125302 | Class I | 0.89% | — |
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.