C000021848 Fees and Costs — SA Multi-Managed Income/Equity Portfolio, Class 3
Data updated: 2025-06-12
The net expense ratio is 1.39%: a 0.81% management fee, a 0.25% 12b-1 fee plus 0.75% other expenses, less a 0.42% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $4K in broker commissions, 0.0120% of average net assets, and portfolio turnover was 46%.
C000021848 Fees and Expenses
Annual operating expenses and sales charges of C000021848. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.81% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.75% |
| Gross expense ratio | 1.81% |
| Fee waiver | −0.42% |
| Net expense ratio | 1.39% |
| 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 |
C000021848 Costs Over Time
On $10,000 invested in C000021848, assuming 5% a year before costs, total costs come to $870 over 5 years, cutting the return by 1.47% 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 1.39%) | $146 | $453 | $783 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $23 | $80 |
| Total costs | $147 | $480 | $870 |
| Value after costs | $10,353 | $11,096 | $11,893 |
| Impact on return, per year | 1.47% | 1.47% | 1.47% |
C000021848 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): 0.0120%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $420.4M
- Portfolio turnover (prospectus): 46%
- Securities lending: none during the year
C000021848 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $2K | 51.50% |
| Jefferies LLC | $412 | 10.64% |
| UBS Securities LLC | $318 | 8.22% |
| RBC Capital Markets, LLC | $298 | 7.70% |
| BofA Securities, Inc. | $226 | 5.83% |
| Virtu Americas LLC | $177 | 4.56% |
| Citigroup Global Markets Inc. | $139 | 3.58% |
| Wells Fargo Securities, LLC | $108 | 2.80% |
| J.P. Morgan Securities LLC | $105 | 2.72% |
| Cowen and Company, LLC | $95 | 2.45% |
C000021848 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $75.4M | 18.25% |
| Barclays Capital Inc. | $71.2M | 17.25% |
| Morgan Stanley & Co. LLC | $63.3M | 15.33% |
| BNP Paribas Securities Corp. | $56.3M | 13.63% |
| Deutsche Bank Securities Inc. | $55.0M | 13.32% |
| Natwest Markets Securities Inc. | $54.5M | 13.20% |
| Goldman Sachs & Co. LLC | $16.3M | 3.95% |
| Wells Fargo Securities, LLC | $11.2M | 2.71% |
| J.P. Morgan Securities LLC | $6.4M | 1.55% |
| Citigroup Global Markets Inc. | $3.4M | 0.81% |
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.