N/A Fees and Costs — Protective Life Dynamic Allocation Series - Conservative Portfolio
Data updated: 2026-08-26
The net expense ratio is 0.90% (1.17% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $6K in broker commissions, 0.0156% of average net assets, and portfolio turnover was 86%.
N/A Fees and Expenses
Annual operating expenses and sales charges of N/A. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.45% |
| Gross expense ratio | 1.17% |
| Fee waiver | −0.27% |
| Net expense ratio | 0.90% |
| 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 |
N/A Costs Over Time
On $10,000 invested in N/A, assuming 5% a year before costs, total costs come to $574 over 5 years, cutting the return by 0.96% 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 0.90%) | $94 | $295 | $512 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $96 | $315 | $574 |
| Value after costs | $10,404 | $11,261 | $12,189 |
| Impact on return, per year | 0.96% | 0.96% | 0.96% |
N/A 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): 0.0156%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $29.3M
- Portfolio turnover (prospectus): 86%
- Securities on loan, average value: $1.5M
- Net income from securities lending: $8K (0.020% of average net assets)
N/A Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JANE STREET CAPITAL, LLC | $3K | 45.77% |
| SUSQUEHANNA SECURITIES, LLC | $1K | 17.56% |
| RBC Capital Markets, LLC | $816 | 12.94% |
| VIRTU ITG LLC | $791 | 12.54% |
| Goldman Sachs & Co. LLC | $619 | 9.81% |
| Cowen and Company | $63 | 1.00% |
| Jefferies LLC | $19 | 0.30% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $5 | 0.07% |
N/A Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| ING Financial Markets LLC | $10.5M | 35.84% |
| RBC Capital Markets, LLC | $9.4M | 32.08% |
| Goldman Sachs & Co. LLC | $9.4M | 32.08% |
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.