C000138917 Fees and Costs — Multimanager Core Bond Portfolio, Class K
Data updated: 2026-08-25
The net expense ratio is 0.68%: a 0.55% management fee plus 0.29% other expenses, less a 0.16% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $35K in broker commissions, 0.0043% of average net assets, and portfolio turnover was 281%.
C000138917 Fees and Expenses
Annual operating expenses and sales charges of C000138917. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.29% |
| Gross expense ratio | 0.84% |
| Fee waiver | −0.16% |
| Net expense ratio | 0.68% |
| 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 | Yes |
C000138917 Costs Over Time
On $10,000 invested in C000138917, assuming 5% a year before costs, total costs come to $431 over 5 years, cutting the return by 0.72% 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 0.68%) | $71 | $224 | $389 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $72 | $236 | $431 |
| Value after costs | $10,428 | $11,340 | $12,332 |
| Impact on return, per year | 0.72% | 0.72% | 0.72% |
C000138917 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): 0.0043%
- Total broker commissions: $35K
- Bought from dealers (principal trades, not a cost): $5.8B
- Portfolio turnover (prospectus): 281%
- Securities on loan, average value: $4.7M
- Net income from securities lending: $23K (0.003% of average net assets)
C000138917 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $18K | 54.10% |
| R.J. O'Brien & Associates, LLC | $4K | 10.69% |
| Morgan Stanley & Co. LLC | $3K | 7.92% |
| Citigroup Global Markets Inc. | $2K | 7.37% |
| J.P. Morgan Securities LLC | $2K | 6.05% |
| Barclays Capital, Inc. | $1K | 3.89% |
| Deutsche Bank Securities Inc. | $1K | 3.84% |
| BMO Capital Markets Corp. | $1K | 3.04% |
| BNP Paribas Securities Corp. | $545 | 1.62% |
| BofA Securities, Inc. | $497 | 1.48% |
C000138917 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $2.9B | 53.48% |
| BNP Paribas Securities Corp. | $707.3M | 13.04% |
| J.P. Morgan Securities LLC | $646.5M | 11.92% |
| BofA Securities, Inc. | $349.5M | 6.45% |
| Wells Fargo Securities, LLC | $272.4M | 5.02% |
| Barclays Capital, Inc. | $154.9M | 2.86% |
| Mizuho Securities USA LLC | $151.7M | 2.80% |
| Goldman Sachs & Co. LLC | $98.8M | 1.82% |
| Citigroup Global Markets Inc. | $76.4M | 1.41% |
| Citadel Securities LLC | $64.7M | 1.19% |
Multimanager Core Bond Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000138917 | Class K | 0.68% | — |
| C000138916 | Class IB | 0.93% | — |
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.