C000021809 Fees and Costs — SA Multi-Managed Growth Portfolio, Class 2
Data updated: 2025-06-12
The net expense ratio is 1.23%: a 0.89% management fee, a 0.15% 12b-1 fee plus 0.89% other expenses, less a 0.70% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $18K in broker commissions, 0.0462% of average net assets, and portfolio turnover was 54%.
C000021809 Fees and Expenses
Annual operating expenses and sales charges of C000021809. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.89% |
| 12b-1 fee | 0.15% |
| Other expenses | 0.89% |
| Gross expense ratio | 1.93% |
| Fee waiver | −0.70% |
| Net expense ratio | 1.23% |
| 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 |
C000021809 Costs Over Time
On $10,000 invested in C000021809, assuming 5% a year before costs, total costs come to $794 over 5 years, cutting the return by 1.34% 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 1.23%) | $129 | $402 | $695 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $21 | $73 |
| Total costs | $134 | $438 | $794 |
| Value after costs | $10,366 | $11,139 | $11,969 |
| Impact on return, per year | 1.34% | 1.34% | 1.34% |
C000021809 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0462%
- Total broker commissions: $18K
- Bought from dealers (principal trades, not a cost): $156.7M
- Portfolio turnover (prospectus): 54%
- Securities lending: none during the year
C000021809 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $3K | 22.51% |
| Cowen and Company, LLC | $2K | 16.84% |
| Goldman Sachs & Co. LLC | $2K | 15.35% |
| Jefferies LLC | $2K | 11.34% |
| Virtu Americas LLC | $901 | 6.51% |
| Liquidnet, Inc. | $895 | 6.48% |
| BofA Securities, Inc. | $824 | 5.96% |
| UBS Securities LLC | $764 | 5.53% |
| Piper Sandler & Co. | $726 | 5.25% |
| BMO Capital Markets Corp. | $585 | 4.23% |
C000021809 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $26.9M | 17.56% |
| Barclays Capital Inc. | $25.0M | 16.31% |
| BofA Securities, Inc. | $23.9M | 15.59% |
| BNP Paribas Securities Corp. | $18.6M | 12.16% |
| Natwest Markets Securities Inc. | $18.3M | 11.96% |
| Deutsche Bank Securities Inc. | $18.1M | 11.80% |
| Goldman Sachs & Co. LLC | $7.7M | 5.04% |
| State Street Bank and Trust Company | $6.4M | 4.21% |
| Wells Fargo Securities, LLC | $5.1M | 3.32% |
| J.P. Morgan Securities LLC | $3.1M | 2.04% |
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.