C000203190 Fees and Costs — EQ/Science and Technology Portfolio, Class IB
Data updated: 2020-08-25
The net expense ratio is 1.15%: a 0.85% management fee, a 0.25% 12b-1 fee plus 0.17% other expenses, less a 0.12% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $97K in broker commissions, 0.0623% of average net assets, and portfolio turnover was 117%.
C000203190 Fees and Expenses
Annual operating expenses and sales charges of C000203190. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.17% |
| Gross expense ratio | 1.27% |
| Fee waiver | −0.12% |
| Net expense ratio | 1.15% |
| 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 |
C000203190 Costs Over Time
On $10,000 invested in C000203190, assuming 5% a year before costs, total costs come to $755 over 5 years, cutting the return by 1.27% 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 1.15%) | $121 | $376 | $650 |
| Trading costs (broker commissions) | $7 | $20 | $35 |
| Lost growth on money paid in costs | $0 | $20 | $69 |
| Total costs | $127 | $416 | $755 |
| Value after costs | $10,373 | $11,160 | $12,008 |
| Impact on return, per year | 1.27% | 1.27% | 1.27% |
C000203190 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): 0.0623%
- Total broker commissions: $97K
- Bought from dealers (principal trades, not a cost): $114.1M
- Portfolio turnover (prospectus): 117%
- Securities on loan, average value: $4.3M
- Net income from securities lending: $111K (0.071% of average net assets)
C000203190 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $24K | 29.86% |
| Citigroup Global Markets Inc. | $12K | 15.66% |
| Jefferies LLC | $9K | 11.75% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $9K | 11.40% |
| J.P. Morgan Securities LLC | $8K | 9.98% |
| Credit Suisse Securities (USA) LLC | $5K | 5.94% |
| UBS Securities LLC | $4K | 5.08% |
| Deutsche Bank Securities Inc. | $3K | 4.26% |
| Virtu ITG LLC | $3K | 3.43% |
| Wells Fargo Securities, LLC | $2K | 2.63% |
C000203190 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $91.6M | 80.26% |
| UBS Securities LLC | $13.2M | 11.59% |
| Nomura Securities International, Inc. | $8.6M | 7.51% |
| Credit Suisse Securities (USA) LLC | $507K | 0.44% |
| Goldman Sachs & Co. LLC | $124K | 0.11% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $103K | 0.09% |
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.