C000021851 Fees and Costs — SA Multi-Managed Income Portfolio, Class 3
Data updated: 2025-06-12
The net expense ratio is 1.39%: a 0.77% management fee, a 0.25% 12b-1 fee plus 0.99% other expenses, less a 0.62% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $3K in broker commissions, 0.0103% of average net assets, and portfolio turnover was 43%.
C000021851 Fees and Expenses
Annual operating expenses and sales charges of C000021851. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.77% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.99% |
| Gross expense ratio | 2.01% |
| Fee waiver | −0.62% |
| 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 |
C000021851 Costs Over Time
On $10,000 invested in C000021851, assuming 5% a year before costs, total costs come to $869 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 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $23 | $80 |
| Total costs | $147 | $480 | $869 |
| Value after costs | $10,353 | $11,097 | $11,894 |
| Impact on return, per year | 1.47% | 1.47% | 1.47% |
C000021851 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): 0.0103%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $352.9M
- Portfolio turnover (prospectus): 43%
- Securities lending: none during the year
C000021851 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $2K | 70.75% |
| Jefferies LLC | $157 | 6.11% |
| UBS Securities LLC | $128 | 4.95% |
| RBC Capital Markets, LLC | $111 | 4.32% |
| BofA Securities, Inc. | $94 | 3.67% |
| Virtu Americas LLC | $78 | 3.02% |
| Citigroup Global Markets Inc. | $65 | 2.52% |
| Wells Fargo Securities, LLC | $44 | 1.72% |
| J.P. Morgan Securities LLC | $40 | 1.55% |
| Cowen and Company, LLC | $36 | 1.39% |
C000021851 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $72.9M | 21.07% |
| BofA Securities, Inc. | $59.2M | 17.11% |
| Barclays Capital Inc. | $56.8M | 16.40% |
| BNP Paribas Securities Corp. | $42.8M | 12.37% |
| Deutsche Bank Securities Inc. | $41.6M | 12.02% |
| Natwest Markets Securities Inc. | $41.5M | 11.98% |
| Goldman Sachs & Co. LLC | $15.0M | 4.35% |
| Wells Fargo Securities, LLC | $8.5M | 2.45% |
| J.P. Morgan Securities LLC | $5.3M | 1.54% |
| Citigroup Global Markets Inc. | $2.5M | 0.71% |
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.