C000021991 Fees and Costs — SA Franklin Small Company Value Portfolio, Class 3
Data updated: 2026-09-28
The net expense ratio is 1.25%: a 0.98% management fee, a 0.25% 12b-1 fee plus 0.07% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $206K in broker commissions, 0.0734% of average net assets, and portfolio turnover was 58%.
C000021991 Fees and Expenses
Annual operating expenses and sales charges of C000021991. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.98% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.07% |
| Gross expense ratio | 1.30% |
| Fee waiver | −0.05% |
| Net expense ratio | 1.25% |
| 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 |
C000021991 Costs Over Time
On $10,000 invested in C000021991, assuming 5% a year before costs, total costs come to $822 over 5 years, cutting the return by 1.39% 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 1.25%) | $131 | $408 | $705 |
| Trading costs (broker commissions) | $8 | $24 | $41 |
| Lost growth on money paid in costs | $0 | $21 | $76 |
| Total costs | $139 | $454 | $822 |
| Value after costs | $10,361 | $11,123 | $11,940 |
| Impact on return, per year | 1.39% | 1.39% | 1.39% |
C000021991 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): 0.0734%
- Total broker commissions: $206K
- Bought from dealers (principal trades, not a cost): $1.3B
- Portfolio turnover (prospectus): 58%
- Securities lending: none during the year
C000021991 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital Inc. | $31K | 20.88% |
| SG Americas Securities, LLC | $31K | 20.44% |
| UBS Securities LLC | $16K | 10.51% |
| BMO Capital Markets Corp. | $14K | 9.45% |
| Morgan Stanley & Co. LLC | $12K | 8.20% |
| Robert W. Baird & Co. Incorporated | $11K | 7.51% |
| RBC Capital Markets, LLC | $10K | 6.78% |
| BNY Capital Markets, LLC | $9K | 5.71% |
| Goldman Sachs & Co. LLC | $8K | 5.50% |
| BofA Securities, Inc. | $8K | 5.02% |
C000021991 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $785.5M | 60.23% |
| J.P. Morgan Securities LLC | $349.1M | 26.77% |
| State Street Bank and Trust Company | $158.1M | 12.13% |
| Deutsche Bank Securities Inc. | $7.9M | 0.61% |
| Barclays Capital Inc. | $2.5M | 0.19% |
| Morgan Stanley & Co. LLC | $863K | 0.07% |
SA Franklin Small Company 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 |
|---|---|---|---|
| C000021990 | Class 1 | 1.00% | — |
| C000021991 | Class 3 | 1.25% | — |
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.