C000021976 Fees and Costs — SA MFS Massachusetts Investors Trust Portfolio, Class 2
Data updated: 2026-09-28
The net expense ratio is 0.85%: a 0.70% management fee, a 0.15% 12b-1 fee plus 0.04% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $57K in broker commissions, 0.0089% of average net assets, and portfolio turnover was 28%.
C000021976 Fees and Expenses
Annual operating expenses and sales charges of C000021976. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.15% |
| Other expenses | 0.04% |
| Gross expense ratio | 0.89% |
| Fee waiver | −0.04% |
| 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 |
C000021976 Costs Over Time
On $10,000 invested in C000021976, assuming 5% a year before costs, total costs come to $539 over 5 years, cutting the return by 0.90% 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) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $90 | $296 | $539 |
| Value after costs | $10,410 | $11,281 | $12,224 |
| Impact on return, per year | 0.90% | 0.90% | 0.90% |
C000021976 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): 0.0089%
- Total broker commissions: $57K
- Bought from dealers (principal trades, not a cost): $911.6M
- Portfolio turnover (prospectus): 28%
- Securities lending: none during the year
C000021976 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $15K | 29.86% |
| National Financial Services LLC | $10K | 19.24% |
| BofA Securities, Inc. | $6K | 11.36% |
| Jefferies LLC | $5K | 9.37% |
| Barclays Capital Inc. | $4K | 8.47% |
| BMO Capital Markets Corp. | $3K | 5.84% |
| Goldman Sachs & Co. LLC | $2K | 4.89% |
| UBS Securities LLC | $2K | 4.60% |
| Morgan Stanley & Co. LLC | $2K | 3.38% |
| TD Securities (USA) LLC | $2K | 2.99% |
C000021976 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $844.4M | 92.63% |
| J.P. Morgan Securities LLC | $65.4M | 7.17% |
| BNY Capital Markets, LLC | $1.8M | 0.20% |
SA MFS Massachusetts Investors Trust Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000021975 | Class 1 | 0.70% | — |
| C000021976 | Class 2 | 0.85% | — |
| C000021977 | 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.