C000125867 Fees and Costs — SA Invesco VCP Equity-Income Portfolio, Class 3
Data updated: 2021-06-29
The net expense ratio is 1.13%: a 0.85% management fee, a 0.25% 12b-1 fee plus 0.03% other expenses. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $741K in broker commissions, 0.0501% of average net assets, and portfolio turnover was 158%.
C000125867 Fees and Expenses
Annual operating expenses and sales charges of C000125867. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.03% |
| Gross expense ratio | 1.13% |
| Fee waiver | — |
| Net expense ratio | 1.13% |
| 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 | Yes |
C000125867 Costs Over Time
On $10,000 invested in C000125867, assuming 5% a year before costs, total costs come to $736 over 5 years, cutting the return by 1.24% 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 1.13%) | $119 | $370 | $640 |
| Trading costs (broker commissions) | $5 | $16 | $28 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $124 | $405 | $736 |
| Value after costs | $10,376 | $11,171 | $12,027 |
| Impact on return, per year | 1.24% | 1.24% | 1.24% |
C000125867 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0501%
- Total broker commissions: $741K
- Bought from dealers (principal trades, not a cost): $2.6B
- Portfolio turnover (prospectus): 158%
- Securities lending: none during the year
C000125867 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $162K | 23.41% |
| UBS Securities LLC | $129K | 18.71% |
| Goldman Sachs & Co. LLC | $110K | 15.91% |
| Morgan Stanley & Co. LLC | $77K | 11.20% |
| Credit Suisse Securities (USA) LLC | $62K | 8.95% |
| Citigroup Global Markets Inc. | $46K | 6.60% |
| Evercore Group L.L.C. | $41K | 5.94% |
| BNY Mellon Capital Markets, LLC | $24K | 3.51% |
| BofA Securities, Inc. | $24K | 3.41% |
| Barclays Capital Inc. | $16K | 2.35% |
C000125867 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $585.3M | 24.38% |
| HSBC Securities (USA) Inc. | $563.8M | 23.49% |
| Deutsche Bank Securities Inc. | $307.9M | 12.83% |
| Goldman Sachs & Co. LLC | $298.2M | 12.42% |
| Citadel Securities LLC | $209.7M | 8.74% |
| Amherst Pierpont Securities LLC | $159.1M | 6.63% |
| Morgan Stanley & Co. LLC | $81.3M | 3.39% |
| Nomura Securities International, Inc. | $75.8M | 3.16% |
| BNP Paribas Securities Corp. | $67.6M | 2.81% |
| BofA Securities, Inc. | $51.8M | 2.16% |
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.