C000127650 Fees and Costs — U.S. Large Cap Equity Portfolio, Institutional Class Shares
Data updated: 2026-09-24
The net expense ratio is 0.13%: a 0.10% management fee plus 0.03% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $36K in broker commissions, 0.0017% of average net assets, and portfolio turnover was 12%.
C000127650 Fees and Expenses
Annual operating expenses and sales charges of C000127650. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.10% |
| 12b-1 fee | — |
| Other expenses | 0.03% |
| Gross expense ratio | 0.13% |
| Fee waiver | — |
| Net expense ratio | 0.13% |
| 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 |
C000127650 Costs Over Time
On $10,000 invested in C000127650, assuming 5% a year before costs, total costs come to $84 over 5 years, cutting the return by 0.14% 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 0.13%) | $14 | $43 | $75 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $2 | $8 |
| Total costs | $14 | $46 | $84 |
| Value after costs | $10,486 | $11,531 | $12,679 |
| Impact on return, per year | 0.14% | 0.14% | 0.14% |
C000127650 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): 0.0017%
- Total broker commissions: $36K
- Bought from dealers (principal trades, not a cost): $926.7M
- Portfolio turnover (prospectus): 12%
- Securities on loan, average value: $15.9M
- Net income from securities lending: $23K (0.001% of average net assets)
C000127650 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $10K | 28.49% |
| Citigroup Global Markets Inc. | $8K | 22.21% |
| BofA Securities, Inc. | $7K | 19.94% |
| Nomura Securities International, Inc. | $7K | 19.65% |
| Goldman Sachs & Co. LLC | $2K | 4.92% |
| BNY Capital Markets, LLC | $829 | 2.28% |
| Stifel, Nicolaus & Company, Incorporated | $494 | 1.35% |
| UBS Securities LLC | $342 | 0.94% |
| JonesTrading Institutional Services LLC | $79 | 0.22% |
C000127650 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $925.4M | 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.