C000226563 Fees and Costs — PSF Mid-Cap Growth Portfolio, Class III
Data updated: 2025-05-27
The net expense ratio is 0.91%: a 0.60% management fee, a 0.25% 12b-1 fee plus 0.06% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $107K in broker commissions, 0.0256% of average net assets, and portfolio turnover was 49%.
C000226563 Fees and Expenses
Annual operating expenses and sales charges of C000226563. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.06% |
| Gross expense ratio | 0.91% |
| Fee waiver | — |
| Net expense ratio | 0.91% |
| 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 |
C000226563 Costs Over Time
On $10,000 invested in C000226563, assuming 5% a year before costs, total costs come to $586 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 0.91%) | $96 | $298 | $518 |
| Trading costs (broker commissions) | $3 | $8 | $15 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $98 | $322 | $586 |
| Value after costs | $10,402 | $11,254 | $12,177 |
| Impact on return, per year | 0.98% | 0.98% | 0.98% |
C000226563 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0256%
- Total broker commissions: $107K
- Bought from dealers (principal trades, not a cost): $2.0M
- Portfolio turnover (prospectus): 49%
- Securities on loan, average value: $61.4M
- Net income from securities lending: $98K (0.024% of average net assets)
C000226563 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $18K | 20.01% |
| BOFA SECURITIES, INC. | $13K | 14.45% |
| MORGAN STANLEY & CO. LLC | $12K | 14.03% |
| BARCLAYS CAPITAL, INC. | $11K | 12.67% |
| UBS Securities LLC | $9K | 10.34% |
| PIPER SANDLER & CO. | $8K | 9.02% |
| CITIGROUP GLOBAL MARKETS INC. | $5K | 5.95% |
| JEFFERIES LLC | $5K | 5.50% |
| RBC CAPITAL MARKETS, LLC | $4K | 4.86% |
| CANTOR FITZGERALD & CO. | $3K | 3.16% |
C000226563 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $1.5M | 72.54% |
| BOFA SECURITIES, INC. | $551K | 27.46% |
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.