C000022011 Fees and Costs — SA Putnam International Value Portfolio, Class 3
Data updated: 2026-09-28
The net expense ratio is 1.18%: a 0.94% management fee, a 0.25% 12b-1 fee plus 0.09% other expenses, less a 0.10% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $159K in broker commissions, 0.0492% of average net assets, and portfolio turnover was 20%.
C000022011 Fees and Expenses
Annual operating expenses and sales charges of C000022011. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.94% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.09% |
| Gross expense ratio | 1.28% |
| Fee waiver | −0.10% |
| Net expense ratio | 1.18% |
| 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 |
C000022011 Costs Over Time
On $10,000 invested in C000022011, assuming 5% a year before costs, total costs come to $765 over 5 years, cutting the return by 1.29% 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 1.18%) | $124 | $386 | $667 |
| Trading costs (broker commissions) | $5 | $16 | $28 |
| Lost growth on money paid in costs | $0 | $20 | $70 |
| Total costs | $129 | $422 | $765 |
| Value after costs | $10,371 | $11,155 | $11,997 |
| Impact on return, per year | 1.29% | 1.29% | 1.29% |
C000022011 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): 0.0492%
- Total broker commissions: $159K
- Bought from dealers (principal trades, not a cost): $1.4B
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
C000022011 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $45K | 28.70% |
| J.P. Morgan Securities LLC | $29K | 18.39% |
| Barclays Capital Inc. | $28K | 18.22% |
| Citigroup Global Markets Inc. | $20K | 12.86% |
| UBS Securities LLC | $13K | 8.53% |
| BofA Securities, Inc. | $12K | 7.41% |
| BNP Paribas Securities Corp. | $4K | 2.46% |
| Jefferies LLC | $3K | 1.65% |
| Daiwa Capital Markets America Inc. | $2K | 1.00% |
| Stifel, Nicolaus & Company, Incorporated | $1K | 0.78% |
C000022011 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $1.3B | 98.77% |
| Citigroup Global Markets Inc. | $7.8M | 0.58% |
| Nomura Securities International, Inc. | $5.8M | 0.43% |
| BNY Capital Markets, LLC | $1.2M | 0.09% |
| J.P. Morgan Securities LLC | $1.1M | 0.08% |
| Federal Reserve Bank of Boston | $294K | 0.02% |
| Mizuho Securities USA LLC | $198K | 0.01% |
| Goldman Sachs & Co. LLC | $111K | 0.01% |
| Deutsche Bank Securities Inc. | $98K | 0.01% |
SA Putnam International 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 |
|---|---|---|---|
| C000022009 | Class 1 | 0.94% | — |
| C000022010 | Class 2 | 1.08% | — |
| C000022011 | Class 3 | 1.18% | — |
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.