C000022023 Fees and Costs — SA JPMorgan Emerging Markets Portfolio, Class 3
Data updated: 2026-09-28
The net expense ratio is 1.41%: a 1.12% management fee, a 0.25% 12b-1 fee plus 0.21% other expenses, less a 0.17% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $174K in broker commissions, 0.0875% of average net assets, and portfolio turnover was 70%.
C000022023 Fees and Expenses
Annual operating expenses and sales charges of C000022023. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.12% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.21% |
| Gross expense ratio | 1.58% |
| Fee waiver | −0.17% |
| Net expense ratio | 1.41% |
| 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 |
C000022023 Costs Over Time
On $10,000 invested in C000022023, assuming 5% a year before costs, total costs come to $927 over 5 years, cutting the return by 1.57% 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 1.41%) | $148 | $460 | $793 |
| Trading costs (broker commissions) | $9 | $29 | $49 |
| Lost growth on money paid in costs | $0 | $24 | $85 |
| Total costs | $157 | $512 | $927 |
| Value after costs | $10,343 | $11,064 | $11,835 |
| Impact on return, per year | 1.57% | 1.57% | 1.57% |
C000022023 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): 0.0875%
- Total broker commissions: $174K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 70%
- Securities lending: none during the year
C000022023 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $35K | 22.40% |
| BofA Securities, Inc. | $26K | 16.42% |
| Morgan Stanley & Co. LLC | $21K | 13.63% |
| UBS Securities LLC | $21K | 13.26% |
| Citigroup Global Markets Inc. | $16K | 10.11% |
| Macquarie Capital (USA) Inc. | $11K | 7.35% |
| CLSA Americas, LLC | $10K | 6.33% |
| Jefferies LLC | $7K | 4.70% |
| BNP Paribas Securities Corp. | $6K | 3.86% |
| Eurobank Ergasias Services and Holdings S.A. | $3K | 1.93% |
SA JPMorgan Emerging Markets Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000022021 | Class 1 | 1.16% | — |
| C000022022 | Class 2 | 1.31% | — |
| C000022023 | Class 3 | 1.41% | — |
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.