C000177075 Fees and Costs — SA Small Cap Index Portfolio, Class 1
Data updated: 2026-09-28
The net expense ratio is 0.41%: a 0.35% management fee plus 0.10% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $72K in broker commissions, 0.0234% of average net assets, and portfolio turnover was 29%.
C000177075 Fees and Expenses
Annual operating expenses and sales charges of C000177075. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.45% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.41% |
| 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 |
C000177075 Costs Over Time
On $10,000 invested in C000177075, assuming 5% a year before costs, total costs come to $274 over 5 years, cutting the return by 0.46% 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 0.41%) | $43 | $135 | $236 |
| Trading costs (broker commissions) | $2 | $8 | $13 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $46 | $150 | $274 |
| Value after costs | $10,454 | $11,426 | $12,489 |
| Impact on return, per year | 0.46% | 0.46% | 0.46% |
C000177075 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): 0.0234%
- Total broker commissions: $72K
- Bought from dealers (principal trades, not a cost): $437.3M
- Portfolio turnover (prospectus): 29%
- Securities lending: none during the year
C000177075 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Macquarie Capital (USA) Inc. | $12K | 19.76% |
| Goldman Sachs & Co. LLC | $7K | 12.47% |
| Citigroup Global Markets Inc. | $7K | 12.43% |
| BofA Securities, Inc. | $6K | 10.16% |
| Jefferies LLC | $6K | 9.57% |
| RBC Capital Markets, LLC | $5K | 9.43% |
| Morgan Stanley & Co. LLC | $5K | 8.67% |
| Barclays Capital Inc. | $4K | 6.62% |
| J.P. Morgan Securities LLC | $4K | 6.04% |
| Wells Fargo Securities, LLC | $3K | 4.84% |
C000177075 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $435.5M | 99.61% |
| BNY Capital Markets, LLC | $1.5M | 0.35% |
| Stonex Financial Inc. | $99K | 0.02% |
| Jefferies LLC | $50K | 0.01% |
| Mizuho Securities USA LLC | $50K | 0.01% |
| UBS Securities LLC | $811 | 0.00% |
| BNP Paribas Securities Corp. | $292 | 0.00% |
| BofA Securities, Inc. | $223 | 0.00% |
| Citigroup Global Markets Inc. | $208 | 0.00% |
| Macquarie Capital (USA) Inc. | $2 | 0.00% |
SA Small Cap Index Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000177075 | Class 1 | 0.41% | — |
| C000177076 | Class 3 | 0.66% | — |
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.