C000222604 Fees and Costs — Intermediate Bond Portfolio, Class I
Data updated: 2026-08-11
The net expense ratio is 0.65%: a 0.40% management fee, a 0.20% 12b-1 fee plus 0.05% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 107%.
C000222604 Fees and Expenses
Annual operating expenses and sales charges of C000222604. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.20% |
| Other expenses | 0.05% |
| Gross expense ratio | 0.65% |
| Fee waiver | — |
| Net expense ratio | 0.65% |
| 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 |
C000222604 Costs Over Time
On $10,000 invested in C000222604, assuming 5% a year before costs, total costs come to $409 over 5 years, cutting the return by 0.68% 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 0.65%) | $68 | $214 | $372 |
| Lost growth on money paid in costs | $0 | $11 | $37 |
| Total costs | $68 | $224 | $409 |
| Value after costs | $10,432 | $11,352 | $12,353 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
C000222604 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.5B
- Portfolio turnover (prospectus): 107%
- Securities on loan, average value: $3.5M
- Net income from securities lending: $6K (0.001% of average net assets)
C000222604 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $239.7M | 19.13% |
| Goldman Sachs & Co. LLC | $217.3M | 17.34% |
| Citadel Securities LLC | $156.3M | 12.47% |
| Citigroup Global Markets Inc. | $138.5M | 11.05% |
| Barclays Capital Inc. | $106.9M | 8.53% |
| BNY Capital Markets, LLC | $92.6M | 7.39% |
| BNP Paribas Securities Corp. | $87.4M | 6.97% |
| Morgan Stanley & Co. LLC | $85.8M | 6.85% |
| Wells Fargo Securities, LLC | $79.2M | 6.32% |
| Nomura Securities International, Inc. | $49.4M | 3.94% |
Intermediate Bond Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000222605 | Class P | 0.45% | — |
| C000222604 | Class I | 0.65% | — |
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.