C000126056 Fees and Costs — Managed Risk International Fund, Class P1
Data updated: 2026-08-27
The net expense ratio is 0.81% (0.84% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 17%.
C000126056 Fees and Expenses
Annual operating expenses and sales charges of C000126056. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.10% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.31% |
| Gross expense ratio | 0.84% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.81% |
| 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 |
C000126056 Costs Over Time
On $10,000 invested in C000126056, assuming 5% a year before costs, total costs come to $509 over 5 years, cutting the return by 0.85% 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 0.81%) | $85 | $266 | $462 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $85 | $279 | $509 |
| Value after costs | $10,415 | $11,297 | $12,254 |
| Impact on return, per year | 0.85% | 0.85% | 0.85% |
C000126056 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 17%
- Securities lending: none during the year
C000126056 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch Pierce, Fenner & Smith, Inc. | $6K | 69.78% |
| Goldman Sachs & Co. LLC | $3K | 30.22% |
Managed Risk International Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000126056 | Class P1 | 0.81% | — |
| C000126057 | Class P2 | 1.06% | — |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.