C000021824 Fees and Costs — SA Multi-Managed Diversified Fixed Income Portfolio, Class 2
Data updated: 2026-08-28
The net expense ratio is 0.86%: a 0.65% management fee, a 0.15% 12b-1 fee plus 0.06% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $25K in broker commissions, 0.0036% of average net assets, and portfolio turnover was 63%.
C000021824 Fees and Expenses
Annual operating expenses and sales charges of C000021824. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.15% |
| Other expenses | 0.06% |
| Gross expense ratio | 0.86% |
| Fee waiver | — |
| Net expense ratio | 0.86% |
| 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 |
C000021824 Costs Over Time
On $10,000 invested in C000021824, assuming 5% a year before costs, total costs come to $542 over 5 years, cutting the return by 0.91% 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 0.86%) | $90 | $282 | $490 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $91 | $297 | $542 |
| Value after costs | $10,409 | $11,279 | $12,221 |
| Impact on return, per year | 0.91% | 0.91% | 0.91% |
C000021824 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): 0.0036%
- Total broker commissions: $25K
- Bought from dealers (principal trades, not a cost): $6.4B
- Portfolio turnover (prospectus): 63%
- Securities lending: none during the year
C000021824 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $25K | 100.00% |
C000021824 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $1.9B | 31.31% |
| BofA Securities, Inc. | $861.2M | 14.52% |
| Barclays Capital Inc. | $840.5M | 14.17% |
| Goldman Sachs & Co. LLC | $658.2M | 11.10% |
| Wells Fargo Securities, LLC | $409.8M | 6.91% |
| BNP Paribas Securities Corp. | $376.4M | 6.35% |
| Deutsche Bank Securities Inc. | $368.0M | 6.21% |
| Natwest Markets Securities Inc. | $327.5M | 5.52% |
| J.P. Morgan Securities LLC | $129.6M | 2.18% |
| Citigroup Global Markets Inc. | $102.2M | 1.72% |
SA Multi-Managed Diversified Fixed Income Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000021823 | Class 1 | 0.71% | — |
| C000021824 | Class 2 | 0.86% | — |
| C000021825 | Class 3 | 0.96% | — |
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.