C000021817 Fees and Costs — SA Multi-Managed Small Cap Portfolio, Class 1
Data updated: 2026-08-28
The net expense ratio is 1.08%: a 0.85% management fee plus 0.23% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $109K in broker commissions, 0.0818% of average net assets, and portfolio turnover was 67%.
C000021817 Fees and Expenses
Annual operating expenses and sales charges of C000021817. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.23% |
| Gross expense ratio | 1.08% |
| Fee waiver | — |
| Net expense ratio | 1.08% |
| 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 |
C000021817 Costs Over Time
On $10,000 invested in C000021817, assuming 5% a year before costs, total costs come to $724 over 5 years, cutting the return by 1.22% 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 1.08%) | $113 | $353 | $612 |
| Trading costs (broker commissions) | $9 | $27 | $46 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $122 | $399 | $724 |
| Value after costs | $10,378 | $11,177 | $12,038 |
| Impact on return, per year | 1.22% | 1.22% | 1.22% |
C000021817 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): 0.0818%
- Total broker commissions: $109K
- Bought from dealers (principal trades, not a cost): $57.7M
- Portfolio turnover (prospectus): 67%
- Securities lending: none during the year
C000021817 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $13K | 16.68% |
| UBS Securities LLC | $10K | 13.08% |
| BNY Capital Markets, LLC | $10K | 12.16% |
| RBC Capital Markets, LLC | $9K | 11.28% |
| Jefferies LLC | $8K | 10.74% |
| Wells Fargo Securities, LLC | $6K | 8.24% |
| Robert W. Baird & Co. Incorporated | $6K | 8.16% |
| BofA Securities, Inc. | $6K | 7.53% |
| Piper Sandler & Co. | $6K | 7.23% |
| Citigroup Global Markets Inc. | $4K | 4.89% |
C000021817 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $54.3M | 94.46% |
| Goldman Sachs & Co. LLC | $1.6M | 2.75% |
| J.P. Morgan Securities LLC | $699K | 1.22% |
| BofA Securities, Inc. | $238K | 0.41% |
| Morgan Stanley & Co. LLC | $187K | 0.33% |
| Citigroup Global Markets Inc. | $112K | 0.20% |
| Jefferies LLC | $103K | 0.18% |
| Barclays Capital Inc. | $97K | 0.17% |
| RBC Capital Markets, LLC | $87K | 0.15% |
| BNY Capital Markets, LLC | $79K | 0.14% |
SA Multi-Managed Small Cap Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000021817 | Class 1 | 1.08% | — |
| C000021818 | Class 2 | 1.23% | — |
| C000021819 | Class 3 | 1.33% | — |
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.