C000203170 Fees and Costs — EQ/Franklin Strategic Income Portfolio, Class IB
Data updated: 2022-11-28
The net expense ratio is 0.93%: a 0.59% management fee, a 0.25% 12b-1 fee plus 0.26% other expenses, less a 0.17% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $3K in broker commissions, 0.0026% of average net assets, and portfolio turnover was 63%.
C000203170 Fees and Expenses
Annual operating expenses and sales charges of C000203170. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.26% |
| Gross expense ratio | 1.10% |
| Fee waiver | −0.17% |
| Net expense ratio | 0.93% |
| 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 |
C000203170 Costs Over Time
On $10,000 invested in C000203170, assuming 5% a year before costs, total costs come to $584 over 5 years, cutting the return by 0.98% 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 0.93%) | $98 | $305 | $529 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $98 | $321 | $584 |
| Value after costs | $10,402 | $11,255 | $12,179 |
| Impact on return, per year | 0.98% | 0.98% | 0.98% |
C000203170 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0026%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $143.9M
- Portfolio turnover (prospectus): 63%
- Securities on loan, average value: $2.6M
- Net income from securities lending: $16K (0.014% of average net assets)
C000203170 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $2K | 53.26% |
| Virtu Americas LLC | $638 | 21.38% |
| Goldman Sachs & Co. LLC | $420 | 14.07% |
| RBC Capital Markets, LLC | $175 | 5.86% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $125 | 4.19% |
| BTIG, LLC | $34 | 1.14% |
| Instinet, LLC | $3 | 0.10% |
C000203170 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $51.2M | 40.33% |
| Citigroup Global Markets Inc. | $14.5M | 11.41% |
| Wells Fargo Securities, LLC | $12.6M | 9.93% |
| Goldman Sachs & Co. LLC | $11.2M | 8.84% |
| Morgan Stanley & Co. LLC | $8.8M | 6.94% |
| BofA Securities, Inc. | $8.2M | 6.42% |
| Barclays Capital, Inc. | $6.3M | 4.96% |
| HSBC Securities (USA) Inc. | $5.9M | 4.66% |
| Credit Suisse Securities (USA) LLC | $4.4M | 3.46% |
| Jefferies LLC | $3.9M | 3.06% |
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.