C000022020 Fees and Costs — SA Morgan Stanley International Equities Portfolio, Class 3
Data updated: 2026-09-28
The net expense ratio is 1.12%: a 0.84% management fee, a 0.25% 12b-1 fee plus 0.09% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $99K in broker commissions, 0.0292% of average net assets, and portfolio turnover was 56%.
C000022020 Fees and Expenses
Annual operating expenses and sales charges of C000022020. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.84% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.09% |
| Gross expense ratio | 1.18% |
| Fee waiver | −0.06% |
| Net expense ratio | 1.12% |
| 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 |
C000022020 Costs Over Time
On $10,000 invested in C000022020, assuming 5% a year before costs, total costs come to $717 over 5 years, cutting the return by 1.21% 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 1.12%) | $118 | $366 | $634 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $121 | $395 | $717 |
| Value after costs | $10,379 | $11,182 | $12,046 |
| Impact on return, per year | 1.21% | 1.21% | 1.21% |
C000022020 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): 0.0292%
- Total broker commissions: $99K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 56%
- Securities lending: none during the year
C000022020 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $19K | 21.30% |
| SG Americas Securities, LLC | $11K | 12.41% |
| J.P. Morgan Securities LLC | $11K | 12.19% |
| Jefferies LLC | $9K | 10.79% |
| BofA Securities, Inc. | $9K | 9.85% |
| Citigroup Global Markets Inc. | $7K | 8.49% |
| BNP Paribas Securities Corp. | $6K | 6.60% |
| Nomura Securities International, Inc. | $6K | 6.37% |
| CLSA Americas, LLC | $5K | 6.24% |
| Barclays Capital Inc. | $5K | 5.77% |
SA Morgan Stanley International Equities Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000022018 | Class 1 | 0.87% | — |
| C000022019 | Class 2 | 1.02% | — |
| C000022020 | Class 3 | 1.12% | — |
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.