C000203160 Fees and Costs — EQ/Lazard Emerging Markets Equity Portfolio, Class IB
Data updated: 2026-08-25
The net expense ratio is 1.35%: a 1.00% management fee, a 0.25% 12b-1 fee plus 0.23% other expenses, less a 0.13% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $253K in broker commissions, 0.0520% of average net assets, and portfolio turnover was 23%.
C000203160 Fees and Expenses
Annual operating expenses and sales charges of C000203160. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.23% |
| Gross expense ratio | 1.48% |
| Fee waiver | −0.13% |
| Net expense ratio | 1.35% |
| 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 |
C000203160 Costs Over Time
On $10,000 invested in C000203160, assuming 5% a year before costs, total costs come to $870 over 5 years, cutting the return by 1.47% 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 1.35%) | $142 | $440 | $761 |
| Trading costs (broker commissions) | $5 | $17 | $29 |
| Lost growth on money paid in costs | $0 | $23 | $80 |
| Total costs | $147 | $480 | $870 |
| Value after costs | $10,353 | $11,096 | $11,893 |
| Impact on return, per year | 1.47% | 1.47% | 1.47% |
C000203160 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): 0.0520%
- Total broker commissions: $253K
- Bought from dealers (principal trades, not a cost): $165.4M
- Portfolio turnover (prospectus): 23%
- Securities on loan, average value: $10.9M
- Net income from securities lending: $278K (0.057% of average net assets)
C000203160 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $35K | 18.06% |
| CITIC Securities International USA, LLC | $26K | 13.63% |
| Liquidnet, Inc. | $21K | 10.92% |
| Goldman Sachs & Co. LLC | $20K | 10.53% |
| Citigroup Global Markets Inc. | $19K | 9.64% |
| Macquarie Capital (USA) Inc. | $16K | 8.35% |
| J.P. Morgan Securities LLC | $16K | 8.14% |
| Jefferies LLC | $15K | 7.81% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $13K | 6.61% |
| BofA Securities, Inc. | $12K | 6.30% |
C000203160 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $124.8M | 75.46% |
| BofA Securities, Inc. | $20.4M | 12.35% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $20.2M | 12.20% |
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.