C000021864 Fees and Costs — SA Multi-Managed Large Cap Value Portfolio, Class 1
Data updated: 2026-08-28
The net expense ratio is 0.85%: a 0.79% management fee plus 0.08% other expenses, less a 0.02% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $51K in broker commissions, 0.0160% of average net assets, and portfolio turnover was 46%.
C000021864 Fees and Expenses
Annual operating expenses and sales charges of C000021864. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.79% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.08% |
| Gross expense ratio | 0.87% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.85% |
| 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 |
C000021864 Costs Over Time
On $10,000 invested in C000021864, assuming 5% a year before costs, total costs come to $543 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 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $91 | $298 | $543 |
| Value after costs | $10,409 | $11,278 | $12,220 |
| Impact on return, per year | 0.91% | 0.91% | 0.91% |
C000021864 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): 0.0160%
- Total broker commissions: $51K
- Bought from dealers (principal trades, not a cost): $351.7M
- Portfolio turnover (prospectus): 46%
- Securities lending: none during the year
C000021864 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $7K | 16.71% |
| Goldman Sachs & Co. LLC | $6K | 15.77% |
| Citigroup Global Markets Inc. | $6K | 14.22% |
| Jefferies LLC | $5K | 12.55% |
| BofA Securities, Inc. | $4K | 11.31% |
| J.P. Morgan Securities LLC | $3K | 6.50% |
| Capital Institutional Services, Inc. | $2K | 6.22% |
| Sanford C. Bernstein & Co., LLC | $2K | 5.83% |
| Barclays Capital Inc. | $2K | 5.53% |
| Wells Fargo Securities, LLC | $2K | 5.36% |
C000021864 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital Inc. | $64.1M | 18.23% |
| BNP Paribas Securities Corp. | $61.9M | 17.60% |
| BofA Securities, Inc. | $58.6M | 16.67% |
| Deutsche Bank Securities Inc. | $58.3M | 16.58% |
| Natwest Markets Securities Inc. | $58.0M | 16.50% |
| State Street Bank and Trust Company | $50.2M | 14.26% |
| Citigroup Global Markets Inc. | $297K | 0.08% |
| J.P. Morgan Securities LLC | $136K | 0.04% |
| Goldman Sachs & Co. LLC | $108K | 0.03% |
| BNY Capital Markets, LLC | $30K | 0.01% |
SA Multi-Managed Large Cap Value Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000021864 | Class 1 | 0.85% | — |
| C000021865 | Class 2 | 1.00% | — |
| C000021866 | Class 3 | 1.10% | — |
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.