C000164959 Fees and Costs — SA Schroders VCP Global Allocation Portfolio, Class 3
Data updated: 2026-09-28
The net expense ratio is 1.16%: a 0.84% management fee, a 0.25% 12b-1 fee plus 0.09% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $92K in broker commissions, 0.0219% of average net assets, and portfolio turnover was 59%.
C000164959 Fees and Expenses
Annual operating expenses and sales charges of C000164959. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.84% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.09% |
| Gross expense ratio | 1.19% |
| Fee waiver | −0.03% |
| Net expense ratio | 1.16% |
| 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 |
C000164959 Costs Over Time
On $10,000 invested in C000164959, assuming 5% a year before costs, total costs come to $737 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 1.16%) | $122 | $379 | $657 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $124 | $406 | $737 |
| Value after costs | $10,376 | $11,171 | $12,026 |
| Impact on return, per year | 1.24% | 1.24% | 1.24% |
C000164959 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): 0.0219%
- Total broker commissions: $92K
- Bought from dealers (principal trades, not a cost): $793.9M
- Portfolio turnover (prospectus): 59%
- Securities lending: none during the year
C000164959 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $62K | 72.24% |
| Morgan Stanley & Co. LLC | $5K | 5.40% |
| BofA Securities, Inc. | $5K | 5.36% |
| Goldman Sachs & Co. LLC | $5K | 5.29% |
| Jefferies LLC | $2K | 2.70% |
| Barclays Capital Inc. | $2K | 2.14% |
| BNP Paribas Securities Corp. | $2K | 1.96% |
| J.P. Morgan Securities LLC | $2K | 1.79% |
| RBC Capital Markets, LLC | $1K | 1.72% |
| Berenberg Capital Markets LLC | $1K | 1.39% |
C000164959 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $406.5M | 53.73% |
| BofA Securities, Inc. | $154.1M | 20.37% |
| BMO Capital Markets Corp. | $40.7M | 5.38% |
| J.P. Morgan Securities LLC | $34.8M | 4.61% |
| Morgan Stanley & Co. LLC | $32.7M | 4.32% |
| Goldman Sachs & Co. LLC | $29.0M | 3.84% |
| Wells Fargo Securities, LLC | $20.3M | 2.68% |
| BNY Capital Markets, LLC | $16.2M | 2.14% |
| Citigroup Global Markets Inc. | $13.1M | 1.73% |
| Barclays Capital Inc. | $9.2M | 1.21% |
SA Schroders VCP Global Allocation Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000171604 | Class 1 | 0.91% | — |
| C000164959 | Class 3 | 1.16% | — |
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.