SIIDX Fees and Costs — Bernstein Intermediate Duration Institutional Portfolio
Data updated: 2025-12-12
The net expense ratio is 0.45%: a 0.45% management fee plus 0.07% other expenses, less a 0.07% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $24K in broker commissions, 0.0030% of average net assets, and portfolio turnover was 206%.
SIIDX Fees and Expenses
Annual operating expenses and sales charges of SIIDX. Prospectus, as of January 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.52% |
| Fee waiver | −0.07% |
| Net expense ratio | 0.45% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
SIIDX Costs Over Time
On $10,000 invested in SIIDX, assuming 5% a year before costs, total costs come to $286 over 5 years, cutting the return by 0.48% 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 0.45%) | $47 | $148 | $259 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $48 | $157 | $286 |
| Value after costs | $10,452 | $11,420 | $12,476 |
| Impact on return, per year | 0.48% | 0.48% | 0.48% |
SIIDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0030%
- Total broker commissions: $24K
- Bought from dealers (principal trades, not a cost): $4.5B
- Portfolio turnover (prospectus): 206%
- Securities lending: none during the year
SIIDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $24K | 100.00% |
SIIDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $1.4B | 32.61% |
| State Street Bank and Trust Company | $1.1B | 26.71% |
| Barclays Capital Inc. | $537.0M | 12.62% |
| J.P. Morgan Securities LLC | $500.9M | 11.77% |
| Goldman Sachs & Co. LLC | $290.5M | 6.83% |
| Nomura Securities International, Inc. | $119.8M | 2.82% |
| BNP Paribas Securities Corp. | $96.4M | 2.26% |
| Wells Fargo Securities, LLC | $72.6M | 1.71% |
| Deutsche Bank Securities Inc. | $60.7M | 1.43% |
| Jefferies LLC | $52.9M | 1.24% |
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.