C000021838 Fees and Costs — SA Multi-Managed Moderate Growth Portfolio, Class 2
Data updated: 2025-06-12
The net expense ratio is 1.19%: a 0.85% management fee, a 0.15% 12b-1 fee plus 0.58% other expenses, less a 0.39% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $24K in broker commissions, 0.0406% of average net assets, and portfolio turnover was 51%.
C000021838 Fees and Expenses
Annual operating expenses and sales charges of C000021838. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.15% |
| Other expenses | 0.58% |
| Gross expense ratio | 1.58% |
| Fee waiver | −0.39% |
| Net expense ratio | 1.19% |
| 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 |
C000021838 Costs Over Time
On $10,000 invested in C000021838, assuming 5% a year before costs, total costs come to $766 over 5 years, cutting the return by 1.29% 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 1.19%) | $125 | $389 | $673 |
| Trading costs (broker commissions) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $0 | $20 | $70 |
| Total costs | $129 | $422 | $766 |
| Value after costs | $10,371 | $11,154 | $11,997 |
| Impact on return, per year | 1.29% | 1.29% | 1.29% |
C000021838 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): 0.0406%
- Total broker commissions: $24K
- Bought from dealers (principal trades, not a cost): $397.9M
- Portfolio turnover (prospectus): 51%
- Securities lending: none during the year
C000021838 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $4K | 21.30% |
| Cowen and Company, LLC | $4K | 19.35% |
| Goldman Sachs & Co. LLC | $3K | 16.32% |
| Jefferies LLC | $2K | 10.89% |
| Liquidnet, Inc. | $1K | 6.86% |
| BofA Securities, Inc. | $1K | 5.87% |
| Piper Sandler & Co. | $1K | 5.33% |
| UBS Securities LLC | $958 | 5.10% |
| Virtu Americas LLC | $889 | 4.74% |
| BMO Capital Markets Corp. | $796 | 4.24% |
C000021838 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $69.6M | 17.86% |
| Barclays Capital Inc. | $65.9M | 16.92% |
| Morgan Stanley & Co. LLC | $64.4M | 16.52% |
| BNP Paribas Securities Corp. | $52.1M | 13.36% |
| Natwest Markets Securities Inc. | $51.4M | 13.19% |
| Deutsche Bank Securities Inc. | $50.8M | 13.03% |
| Goldman Sachs & Co. LLC | $16.4M | 4.20% |
| Wells Fargo Securities, LLC | $10.4M | 2.67% |
| J.P. Morgan Securities LLC | $5.7M | 1.46% |
| Citigroup Global Markets Inc. | $3.1M | 0.80% |
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.