C000021820 Fees and Costs — SA Multi-Managed International Equity Portfolio, Class 1
Data updated: 2026-08-28
The net expense ratio is 1.13%: a 0.94% management fee plus 0.23% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $86K in broker commissions, 0.0301% of average net assets, and portfolio turnover was 37%.
C000021820 Fees and Expenses
Annual operating expenses and sales charges of C000021820. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.94% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.23% |
| Gross expense ratio | 1.17% |
| Fee waiver | −0.04% |
| Net expense ratio | 1.13% |
| 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 | No |
C000021820 Costs Over Time
On $10,000 invested in C000021820, assuming 5% a year before costs, total costs come to $723 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 1.13%) | $119 | $370 | $640 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $122 | $398 | $723 |
| Value after costs | $10,378 | $11,178 | $12,039 |
| Impact on return, per year | 1.22% | 1.22% | 1.22% |
C000021820 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): 0.0301%
- Total broker commissions: $86K
- Bought from dealers (principal trades, not a cost): $130.8M
- Portfolio turnover (prospectus): 37%
- Securities lending: none during the year
C000021820 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $10K | 15.12% |
| J.P. Morgan Securities LLC | $10K | 15.04% |
| UBS Securities LLC | $9K | 13.69% |
| BofA Securities, Inc. | $7K | 11.59% |
| Barclays Capital Inc. | $6K | 8.92% |
| BNP Paribas Securities Corp. | $5K | 8.55% |
| Citigroup Global Markets Inc. | $5K | 8.20% |
| Morgan Stanley & Co. LLC | $5K | 7.96% |
| Jefferies LLC | $4K | 6.08% |
| Macquarie Capital (USA) Inc. | $3K | 4.84% |
C000021820 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $102.1M | 78.34% |
| T. Rowe Price Investment Services, Inc. | $27.1M | 20.76% |
| Macquarie Capital (USA) Inc. | $508K | 0.39% |
| BNY Capital Markets, LLC | $469K | 0.36% |
| Jefferies LLC | $87K | 0.07% |
| Goldman Sachs & Co. LLC | $48K | 0.04% |
| Morgan Stanley & Co. LLC | $36K | 0.03% |
| RBC Capital Markets, LLC | $34K | 0.03% |
| J.P. Morgan Securities LLC | $689 | 0.00% |
| Citigroup Global Markets Inc. | $177 | 0.00% |
SA Multi-Managed International Equity Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000021820 | Class 1 | 1.13% | — |
| C000021821 | Class 2 | 1.28% | — |
| C000021822 | Class 3 | 1.38% | — |
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.