SNEMX Fees and Costs — Emerging Markets Portfolio
Data updated: 2026-02-26
The net expense ratio is 1.30%: a 0.95% management fee plus 0.35% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.6M in broker commissions, 0.1370% of average net assets, and portfolio turnover was 74%.
SNEMX Fees and Expenses
Annual operating expenses and sales charges of SNEMX. Prospectus, as of January 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.35% |
| Gross expense ratio | 1.30% |
| Fee waiver | — |
| Net expense ratio | 1.30% |
| 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 |
SNEMX Costs Over Time
On $10,000 invested in SNEMX, assuming 5% a year before costs, total costs come to $891 over 5 years, cutting the return by 1.51% 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 1.30%) | $136 | $424 | $732 |
| Trading costs (broker commissions) | $14 | $45 | $77 |
| Lost growth on money paid in costs | $0 | $23 | $82 |
| Total costs | $151 | $492 | $891 |
| Value after costs | $10,349 | $11,084 | $11,872 |
| Impact on return, per year | 1.51% | 1.51% | 1.51% |
SNEMX 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): 0.1370%
- Total broker commissions: $1.6M
- Bought from dealers (principal trades, not a cost): $660.8M
- Portfolio turnover (prospectus): 74%
- Securities on loan, average value: $1.5M
- Net income from securities lending: $7K (0.001% of average net assets)
SNEMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $342K | 22.08% |
| BofA Securities, Inc. | $274K | 17.68% |
| Morgan Stanley & Co. LLC | $240K | 15.53% |
| J.P. Morgan Securities LLC | $194K | 12.55% |
| Jefferies LLC | $147K | 9.48% |
| UBS Securities LLC | $134K | 8.64% |
| Macquarie Capital (USA) Inc. | $101K | 6.55% |
| Citigroup Global Markets Inc. | $67K | 4.36% |
| Liquidnet, Inc. | $25K | 1.62% |
| HSBC Securities (USA) Inc. | $23K | 1.50% |
SNEMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $654.7M | 99.08% |
| J.P. Morgan Securities LLC | $4.0M | 0.60% |
| Goldman Sachs & Co. LLC | $2.1M | 0.32% |
Emerging Markets Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| EGMZX | Class Z | 1.08% | none |
| SNEMX | Emerging Markets Portfolio | 1.30% | none |
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.