C000021968 Fees and Costs — SA Franklin Systematic U.S. Large Cap Value Portfolio, Class 3
Data updated: 2026-09-28
The net expense ratio is 0.89%: a 0.60% management fee, a 0.25% 12b-1 fee plus 0.04% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $267K in broker commissions, 0.0475% of average net assets, and portfolio turnover was 81%.
C000021968 Fees and Expenses
Annual operating expenses and sales charges of C000021968. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.04% |
| Gross expense ratio | 0.89% |
| Fee waiver | — |
| Net expense ratio | 0.89% |
| 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 |
C000021968 Costs Over Time
On $10,000 invested in C000021968, assuming 5% a year before costs, total costs come to $587 over 5 years, cutting the return by 0.98% 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 0.89%) | $93 | $292 | $506 |
| Trading costs (broker commissions) | $5 | $16 | $27 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $98 | $323 | $587 |
| Value after costs | $10,402 | $11,254 | $12,176 |
| Impact on return, per year | 0.98% | 0.98% | 0.98% |
C000021968 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): 0.0475%
- Total broker commissions: $267K
- Bought from dealers (principal trades, not a cost): $1.4B
- Portfolio turnover (prospectus): 81%
- Securities lending: none during the year
C000021968 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SG Americas Securities, LLC | $86K | 32.23% |
| BNY Capital Markets, LLC | $58K | 21.89% |
| Citigroup Global Markets Inc. | $38K | 14.25% |
| Barclays Capital Inc. | $32K | 11.87% |
| UBS Securities LLC | $18K | 6.89% |
| RBC Capital Markets, LLC | $13K | 4.98% |
| Morgan Stanley & Co. LLC | $11K | 3.95% |
| TD Securities (USA) LLC | $7K | 2.58% |
| BofA Securities, Inc. | $2K | 0.77% |
| J.P. Morgan Securities LLC | $2K | 0.60% |
C000021968 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $848.4M | 61.21% |
| J.P. Morgan Securities LLC | $336.9M | 24.31% |
| State Street Bank and Trust Company | $193.2M | 13.94% |
| Barclays Capital Inc. | $3.9M | 0.28% |
| Deutsche Bank Securities Inc. | $3.7M | 0.27% |
SA Franklin Systematic 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 |
|---|---|---|---|
| C000021966 | Class 1 | 0.64% | — |
| C000021967 | Class 2 | 0.79% | — |
| C000021968 | Class 3 | 0.89% | — |
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.