C000022032 Fees and Costs — SA JPMorgan Diversified Balanced Portfolio, Class 1
Data updated: 2026-09-28
The net expense ratio is 0.74% (0.76% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $100K in broker commissions, 0.0234% of average net assets, and portfolio turnover was 60%.
C000022032 Fees and Expenses
Annual operating expenses and sales charges of C000022032. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.61% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.13% |
| Gross expense ratio | 0.76% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.74% |
| 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 |
C000022032 Costs Over Time
On $10,000 invested in C000022032, assuming 5% a year before costs, total costs come to $480 over 5 years, cutting the return by 0.80% 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 0.74%) | $78 | $243 | $423 |
| Trading costs (broker commissions) | $2 | $8 | $13 |
| Lost growth on money paid in costs | $0 | $12 | $44 |
| Total costs | $80 | $263 | $480 |
| Value after costs | $10,420 | $11,313 | $12,283 |
| Impact on return, per year | 0.80% | 0.80% | 0.80% |
C000022032 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): 0.0234%
- Total broker commissions: $100K
- Bought from dealers (principal trades, not a cost): $318.8M
- Portfolio turnover (prospectus): 60%
- Securities lending: none during the year
C000022032 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $34K | 39.35% |
| BofA Securities, Inc. | $11K | 13.18% |
| Jefferies LLC | $11K | 13.17% |
| UBS Securities LLC | $7K | 7.71% |
| Barclays Capital Inc. | $6K | 6.87% |
| Citigroup Global Markets Inc. | $4K | 5.17% |
| BNP Paribas Securities Corp. | $4K | 4.48% |
| Morgan Stanley & Co. LLC | $4K | 4.34% |
| Nomura Securities International, Inc. | $3K | 2.99% |
| CLSA Americas, LLC | $2K | 2.74% |
C000022032 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $139.6M | 50.47% |
| Goldman Sachs & Co. LLC | $21.3M | 7.71% |
| BMO Capital Markets Corp. | $20.9M | 7.56% |
| Morgan Stanley & Co. LLC | $19.5M | 7.04% |
| Wells Fargo Securities, LLC | $18.8M | 6.80% |
| Barclays Capital Inc. | $14.7M | 5.33% |
| Citigroup Global Markets Inc. | $11.4M | 4.13% |
| BofA Securities, Inc. | $11.4M | 4.10% |
| Nomura Securities International, Inc. | $9.7M | 3.50% |
| BNP Paribas Securities Corp. | $9.3M | 3.35% |
SA JPMorgan Diversified Balanced Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000022032 | Class 1 | 0.74% | — |
| C000022033 | Class 2 | 0.89% | — |
| C000022034 | Class 3 | 0.99% | — |
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.