C000072686 Fees and Costs — SFT Real Estate Securities Fund, Class 2
Data updated: 2026-08-26
The net expense ratio is 1.24%: a 0.70% management fee, a 0.25% 12b-1 fee plus 0.29% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $30K in broker commissions, 0.0259% of average net assets, and portfolio turnover was 29%.
C000072686 Fees and Expenses
Annual operating expenses and sales charges of C000072686. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.29% |
| Gross expense ratio | 1.24% |
| Fee waiver | — |
| Net expense ratio | 1.24% |
| 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 |
C000072686 Costs Over Time
On $10,000 invested in C000072686, assuming 5% a year before costs, total costs come to $788 over 5 years, cutting the return by 1.33% 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 1.24%) | $130 | $405 | $701 |
| Trading costs (broker commissions) | $3 | $8 | $15 |
| Lost growth on money paid in costs | $0 | $21 | $72 |
| Total costs | $133 | $434 | $788 |
| Value after costs | $10,367 | $11,142 | $11,975 |
| Impact on return, per year | 1.33% | 1.33% | 1.33% |
C000072686 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): 0.0259%
- Total broker commissions: $30K
- Bought from dealers (principal trades, not a cost): $35.5M
- Portfolio turnover (prospectus): 29%
- Securities lending: none during the year
C000072686 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $5K | 18.72% |
| J.P. Morgan Securities LLC | $4K | 15.68% |
| Citigroup Global Markets Inc. | $4K | 13.87% |
| Evercore Group L.L.C. | $3K | 11.33% |
| Goldman Sachs & Co. LLC | $2K | 8.94% |
| Wells Fargo Securities, LLC | $2K | 8.92% |
| TD Securities (USA) LLC | $2K | 7.50% |
| Liquidnet, Inc. | $2K | 5.94% |
| Morgan Stanley & Co. LLC | $1K | 5.40% |
| National Financial Services LLC | $960 | 3.70% |
C000072686 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $34.8M | 98.04% |
| J.P. Morgan Securities LLC | $437K | 1.23% |
| BofA Securities, Inc. | $257K | 0.72% |
SFT Real Estate Securities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000072687 | Class 1 | 1.00% | — |
| C000072686 | Class 2 | 1.24% | — |
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.