C000164958 Fees and Costs — SA BlackRock VCP Global Multi Asset Portfolio, Class 3
Data updated: 2025-04-11
The net expense ratio is 1.17%: a 0.85% management fee, a 0.25% 12b-1 fee plus 0.08% other expenses, less a 0.02% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $116K in broker commissions, 0.0169% of average net assets, and portfolio turnover was 71%.
C000164958 Fees and Expenses
Annual operating expenses and sales charges of C000164958. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.08% |
| Gross expense ratio | 1.19% |
| Fee waiver | −0.02% |
| Net expense ratio | 1.17% |
| 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 |
C000164958 Costs Over Time
On $10,000 invested in C000164958, assuming 5% a year before costs, total costs come to $740 over 5 years, cutting the return by 1.25% 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 1.17%) | $123 | $383 | $662 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $125 | $407 | $740 |
| Value after costs | $10,375 | $11,169 | $12,023 |
| Impact on return, per year | 1.25% | 1.25% | 1.25% |
C000164958 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0169%
- Total broker commissions: $116K
- Bought from dealers (principal trades, not a cost): $882.1M
- Portfolio turnover (prospectus): 71%
- Securities lending: none during the year
C000164958 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $48K | 45.27% |
| UBS Securities LLC | $9K | 8.10% |
| BNP Paribas Securities Corp. | $8K | 7.96% |
| Goldman Sachs & Co. LLC | $8K | 7.83% |
| Morgan Stanley & Co. LLC | $7K | 6.91% |
| Jefferies LLC | $6K | 5.92% |
| Citigroup Global Markets Inc. | $6K | 5.85% |
| Barclays Capital Inc. | $6K | 5.45% |
| BofA Securities, Inc. | $5K | 4.49% |
| HSBC Securities (USA) Inc. | $2K | 2.22% |
C000164958 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $372.6M | 43.88% |
| BofA Securities, Inc. | $175.6M | 20.68% |
| J.P. Morgan Securities LLC | $104.1M | 12.26% |
| BNP Paribas Securities Corp. | $49.0M | 5.77% |
| BNY Capital Markets, LLC | $42.5M | 5.00% |
| Morgan Stanley & Co. LLC | $28.0M | 3.30% |
| Barclays Capital Inc. | $23.3M | 2.74% |
| Citigroup Global Markets Inc. | $21.7M | 2.56% |
| Nomura Securities International, Inc. | $18.1M | 2.13% |
| MarketAxess Corporation | $14.3M | 1.68% |
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.