ASGQB Fees and Costs — SA Wellington Government and Quality Bond Portfolio, Class 2
Data updated: 2026-04-27
The net expense ratio is 0.74%: a 0.54% management fee, a 0.15% 12b-1 fee plus 0.05% other expenses. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $9K in broker commissions, 0.0005% of average net assets, and portfolio turnover was 75%.
ASGQB Fees and Expenses
Annual operating expenses and sales charges of ASGQB. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.54% |
| 12b-1 fee | 0.15% |
| Other expenses | 0.05% |
| Gross expense ratio | 0.74% |
| Fee waiver | — |
| Net expense ratio | 0.74% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
ASGQB Costs Over Time
On $10,000 invested in ASGQB, assuming 5% a year before costs, total costs come to $466 over 5 years, cutting the return by 0.78% 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 0.74%) | $78 | $243 | $423 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $78 | $255 | $466 |
| Value after costs | $10,422 | $11,321 | $12,297 |
| Impact on return, per year | 0.78% | 0.78% | 0.78% |
ASGQB Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0005%
- Total broker commissions: $9K
- Bought from dealers (principal trades, not a cost): $46.3B
- Portfolio turnover (prospectus): 75%
- Securities lending: none during the year
ASGQB Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $9K | 100.00% |
ASGQB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $9.7B | 21.19% |
| Deutsche Bank Securities Inc. | $8.9B | 19.44% |
| Natwest Markets Securities Inc. | $8.7B | 18.95% |
| Barclays Capital Inc. | $7.7B | 16.90% |
| BNP Paribas Securities Corp. | $7.0B | 15.22% |
| Goldman Sachs & Co. LLC | $1.3B | 2.82% |
| Morgan Stanley & Co. LLC | $952.5M | 2.08% |
| J.P. Morgan Securities LLC | $699.1M | 1.53% |
| Citigroup Global Markets Inc. | $574.3M | 1.25% |
| Credit Suisse Securities (USA) LLC | $285.5M | 0.62% |
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.