QAOSWX Fees and Costs — T. Rowe Price All-Cap Opportunities Portfolio
Data updated: 2026-08-27
The net expense ratio is 0.80%: a 0.63% management fee plus 0.21% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $116K in broker commissions, 0.0215% of average net assets, and portfolio turnover was 101%.
QAOSWX Fees and Expenses
Annual operating expenses and sales charges of QAOSWX. Prospectus, as of April 24, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.63% |
| 12b-1 fee | — |
| Other expenses | 0.21% |
| Gross expense ratio | 0.84% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.80% |
| 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 |
QAOSWX Costs Over Time
On $10,000 invested in QAOSWX, assuming 5% a year before costs, total costs come to $516 over 5 years, cutting the return by 0.86% 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 0.80%) | $84 | $263 | $456 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $86 | $283 | $516 |
| Value after costs | $10,414 | $11,293 | $12,247 |
| Impact on return, per year | 0.86% | 0.86% | 0.86% |
QAOSWX 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): 0.0215%
- Total broker commissions: $116K
- Bought from dealers (principal trades, not a cost): $7.9M
- Portfolio turnover (prospectus): 101%
- Securities lending: none during the year
QAOSWX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $16K | 19.15% |
| MORGAN STANLEY & CO. LLC | $11K | 13.37% |
| JEFFERIES LLC | $9K | 10.83% |
| TD Securities Ltd. | $9K | 10.28% |
| J.P. MORGAN SECURITIES LLC | $7K | 8.82% |
| RBC Capital Markets, LLC | $7K | 8.43% |
| GOLDMAN SACHS & CO. LLC | $7K | 8.14% |
| BMO Capital Markets Corp. | $6K | 7.08% |
| Virtu ITG Hong Kong Limited | $6K | 6.99% |
| EVERCORE GROUP L.L.C. | $6K | 6.90% |
QAOSWX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $4.7M | 62.80% |
| TD Securities Ltd. | $790K | 10.46% |
| GOLDMAN SACHS & CO. LLC | $603K | 7.98% |
| BOFA SECURITIES, INC. | $439K | 5.82% |
| MORGAN STANLEY & CO. LLC | $323K | 4.28% |
| JEFFERIES LLC | $238K | 3.15% |
| WELLS FARGO SECURITIES, LLC | $131K | 1.74% |
| Guggenheim Securities, LLC | $120K | 1.59% |
| LEERINK PARTNERS LLC | $89K | 1.18% |
| CANTOR FITZGERALD & CO. | $76K | 1.00% |
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.