ASMAA Fees and Costs — SA BlackRock Multi-Asset Income Portfolio, Class 1
Data updated: 2020-03-13
The net expense ratio is 0.91% (1.58% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $10K in broker commissions, 0.0166% of average net assets, and portfolio turnover was 13%.
ASMAA Fees and Expenses
Annual operating expenses and sales charges of ASMAA. Prospectus, as of December 31, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.25% |
| Gross expense ratio | 1.58% |
| Fee waiver | −0.67% |
| 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 | Yes |
ASMAA Costs Over Time
On $10,000 invested in ASMAA, assuming 5% a year before costs, total costs come to $580 over 5 years, cutting the return by 0.97% 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) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $97 | $319 | $580 |
| Value after costs | $10,403 | $11,257 | $12,182 |
| Impact on return, per year | 0.97% | 0.97% | 0.97% |
ASMAA Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0166%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 13%
- Securities lending: none during the year
ASMAA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $2K | 17.69% |
| Barclays Capital Inc. | $2K | 17.66% |
| Jefferies LLC | $1K | 14.32% |
| UBS Securities LLC | $1K | 12.69% |
| Cowen and Company, LLC | $1K | 10.18% |
| BofA Securities, Inc. | $981 | 9.74% |
| J.P. Morgan Securities LLC | $710 | 7.05% |
| Citigroup Global Markets Inc. | $648 | 6.43% |
| Credit Suisse Securities (USA) LLC | $409 | 4.06% |
| Virtu Itg LLC | $16 | 0.16% |
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.