C000021964 Fees and Costs — SA Franklin BW U.S. Large Cap Value Portfolio, Class 2
Data updated: 2026-09-28
The net expense ratio is 0.85%: a 0.72% management fee, a 0.15% 12b-1 fee plus 0.04% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $347K in broker commissions, 0.0284% of average net assets, and portfolio turnover was 71%.
C000021964 Fees and Expenses
Annual operating expenses and sales charges of C000021964. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.72% |
| 12b-1 fee | 0.15% |
| Other expenses | 0.04% |
| Gross expense ratio | 0.91% |
| Fee waiver | −0.06% |
| Net expense ratio | 0.85% |
| 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 | No |
C000021964 Costs Over Time
On $10,000 invested in C000021964, assuming 5% a year before costs, total costs come to $551 over 5 years, cutting the return by 0.92% 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) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $92 | $302 | $551 |
| Value after costs | $10,408 | $11,274 | $12,212 |
| Impact on return, per year | 0.92% | 0.92% | 0.92% |
C000021964 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0284%
- Total broker commissions: $347K
- Bought from dealers (principal trades, not a cost): $362.0M
- Portfolio turnover (prospectus): 71%
- Securities lending: none during the year
C000021964 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNY Capital Markets, LLC | $75K | 24.32% |
| BofA Securities, Inc. | $60K | 19.44% |
| Goldman Sachs & Co. LLC | $44K | 14.26% |
| Stifel, Nicolaus & Company, Incorporated | $28K | 9.10% |
| JonesTrading Institutional Services LLC | $28K | 9.08% |
| RBC Capital Markets, LLC | $24K | 7.89% |
| Liquidnet, Inc. | $17K | 5.51% |
| Piper Sandler & Co. | $16K | 5.21% |
| Raymond James & Associates, Inc. | $9K | 3.06% |
| Nomura Securities International, Inc. | $7K | 2.13% |
C000021964 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $362.0M | 100.00% |
SA Franklin BW U.S. 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 |
|---|---|---|---|
| C000021963 | Class 1 | 0.70% | — |
| C000021964 | Class 2 | 0.85% | — |
| C000021965 | Class 3 | 0.95% | — |
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.