C000174124 Fees and Costs — Small-Cap Growth Portfolio, Class P
Data updated: 2020-03-09
The net expense ratio is 0.87%: a 0.83% management fee plus 0.04% other expenses. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $36K in broker commissions, 0.0458% of average net assets, and portfolio turnover was 38%.
C000174124 Fees and Expenses
Annual operating expenses and sales charges of C000174124. Prospectus, as of December 31, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.83% |
| 12b-1 fee | — |
| Other expenses | 0.04% |
| Gross expense ratio | 0.87% |
| Fee waiver | — |
| Net expense ratio | 0.87% |
| 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 | No |
C000174124 Costs Over Time
On $10,000 invested in C000174124, 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 0.87%) | $91 | $285 | $495 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| 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% |
C000174124 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0458%
- Total broker commissions: $36K
- Bought from dealers (principal trades, not a cost): $378.0M
- Portfolio turnover (prospectus): 38%
- Securities lending: none during the year
C000174124 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $12K | 37.39% |
| STIFEL NICOLAUS & CO INC. | $6K | 18.60% |
| Jefferies LLC | $4K | 11.82% |
| Piper Jaffray & Co. | $2K | 6.62% |
| Capital Institutional Services, Inc. | $2K | 6.20% |
| Sanford C. Bernstein & Co., LLC | $2K | 5.69% |
| RBC Capital Markets, LLC | $1K | 4.61% |
| Goldman Sachs & Co. LLC | $1K | 3.28% |
| SunTrust Robinson Humphrey, Inc. | $956 | 3.03% |
| J.P. Morgan Securities LLC | $869 | 2.76% |
C000174124 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $374.4M | 99.05% |
| Citigroup Global Markets Inc. | $3.6M | 0.95% |
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.