C000021815 Fees and Costs — SA Multi-Managed Mid Cap Value Portfolio, Class 2
Data updated: 2026-08-28
The net expense ratio is 1.17%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $46K in broker commissions, 0.0236% of average net assets, and portfolio turnover was 40%.
C000021815 Fees and Expenses
Annual operating expenses and sales charges of C000021815. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.15% |
| Other expenses | 0.15% |
| Gross expense ratio | 1.17% |
| Fee waiver | — |
| Net expense ratio | 1.17% |
| 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 |
C000021815 Costs Over Time
On $10,000 invested in C000021815, assuming 5% a year before costs, total costs come to $744 over 5 years, cutting the return by 1.25% 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 1.17%) | $123 | $383 | $662 |
| Trading costs (broker commissions) | $2 | $8 | $13 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $125 | $410 | $744 |
| Value after costs | $10,375 | $11,167 | $12,019 |
| Impact on return, per year | 1.25% | 1.25% | 1.25% |
C000021815 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0236%
- Total broker commissions: $46K
- Bought from dealers (principal trades, not a cost): $255.5M
- Portfolio turnover (prospectus): 40%
- Securities lending: none during the year
C000021815 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $5K | 16.43% |
| J.P. Morgan Securities LLC | $5K | 16.32% |
| BofA Securities, Inc. | $4K | 11.58% |
| Jefferies LLC | $3K | 11.01% |
| Goldman Sachs & Co. LLC | $3K | 10.40% |
| Wells Fargo Securities, LLC | $3K | 8.71% |
| RBC Capital Markets, LLC | $3K | 8.22% |
| Citigroup Global Markets Inc. | $2K | 6.31% |
| BMO Capital Markets Corp. | $2K | 5.56% |
| Barclays Capital Inc. | $2K | 5.47% |
C000021815 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $157.9M | 61.80% |
| State Street Bank and Trust Company | $72.1M | 28.21% |
| T. Rowe Price Investment Services, Inc. | $13.9M | 5.44% |
| J.P. Morgan Securities LLC | $8.3M | 3.24% |
| Goldman Sachs & Co. LLC | $2.1M | 0.84% |
| BNY Capital Markets, LLC | $933K | 0.37% |
| Morgan Stanley & Co. LLC | $199K | 0.08% |
| Barclays Capital Inc. | $67K | 0.03% |
| BofA Securities, Inc. | $12K | 0.00% |
| Citigroup Global Markets Inc. | $8K | 0.00% |
SA Multi-Managed Mid Cap Value Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000021814 | Class 1 | 1.02% | — |
| C000021815 | Class 2 | 1.17% | — |
| C000021816 | Class 3 | 1.27% | — |
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.