C000072677 Fees and Costs — SFT Core Bond Fund, Class 2
Data updated: 2026-08-26
The net expense ratio is 0.80%: a 0.40% management fee, a 0.25% 12b-1 fee plus 0.14% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $3K in broker commissions, 0.0008% of average net assets, and portfolio turnover was 360%.
C000072677 Fees and Expenses
Annual operating expenses and sales charges of C000072677. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.14% |
| Gross expense ratio | 0.80% |
| Fee waiver | — |
| Net expense ratio | 0.80% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000072677 Costs Over Time
On $10,000 invested in C000072677, assuming 5% a year before costs, total costs come to $503 over 5 years, cutting the return by 0.84% 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 0.80%) | $84 | $263 | $456 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $84 | $276 | $503 |
| Value after costs | $10,416 | $11,300 | $12,260 |
| Impact on return, per year | 0.84% | 0.84% | 0.84% |
C000072677 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0008%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $4.7B
- Portfolio turnover (prospectus): 360%
- Securities lending: none during the year
C000072677 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $3K | 100.00% |
C000072677 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $1.2B | 29.31% |
| Citadel Securities LLC | $528.5M | 12.46% |
| State Street Bank and Trust Company | $490.2M | 11.56% |
| Barclays Capital Inc. | $489.3M | 11.54% |
| BofA Securities, Inc. | $451.5M | 10.65% |
| Deutsche Bank Securities Inc. | $319.9M | 7.54% |
| Morgan Stanley & Co. LLC | $223.5M | 5.27% |
| BMO Capital Markets Corp. | $205.2M | 4.84% |
| Nomura Securities International, Inc. | $146.1M | 3.44% |
| J.P. Morgan Securities LLC | $143.8M | 3.39% |
SFT Core Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000072676 | Class 1 | 0.55% | — |
| C000072677 | Class 2 | 0.80% | — |
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.