C000191735 Fees and Costs — SA Franklin Tactical Opportunities Portfolio, Class 1
Data updated: 2026-09-28
The net expense ratio is 0.82%: a 0.70% management fee plus 0.27% other expenses, less a 0.16% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $24K in broker commissions, 0.0229% of average net assets, and portfolio turnover was 82%.
C000191735 Fees and Expenses
Annual operating expenses and sales charges of C000191735. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.27% |
| Gross expense ratio | 0.98% |
| Fee waiver | −0.16% |
| Net expense ratio | 0.82% |
| 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 |
C000191735 Costs Over Time
On $10,000 invested in C000191735, assuming 5% a year before costs, total costs come to $529 over 5 years, cutting the return by 0.89% 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 0.82%) | $86 | $269 | $467 |
| Trading costs (broker commissions) | $2 | $8 | $13 |
| Lost growth on money paid in costs | $0 | $14 | $48 |
| Total costs | $89 | $290 | $529 |
| Value after costs | $10,411 | $11,286 | $12,234 |
| Impact on return, per year | 0.89% | 0.89% | 0.89% |
C000191735 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): 0.0229%
- Total broker commissions: $24K
- Bought from dealers (principal trades, not a cost): $403.3M
- Portfolio turnover (prospectus): 82%
- Securities lending: none during the year
C000191735 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $5K | 23.80% |
| J.P. Morgan Securities LLC | $4K | 16.90% |
| BofA Securities, Inc. | $3K | 14.58% |
| UBS Securities LLC | $2K | 11.06% |
| BNY Capital Markets, LLC | $2K | 10.36% |
| TD Securities (USA) LLC | $2K | 7.78% |
| Citigroup Global Markets Inc. | $1K | 5.50% |
| Morgan Stanley & Co. LLC | $1K | 4.80% |
| SG Americas Securities, LLC | $723 | 3.32% |
| RBC Capital Markets, LLC | $413 | 1.90% |
C000191735 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $85.2M | 23.51% |
| J.P. Morgan Securities LLC | $84.2M | 23.22% |
| Morgan Stanley & Co. LLC | $63.6M | 17.54% |
| State Street Bank and Trust Company | $44.7M | 12.32% |
| BofA Securities, Inc. | $29.7M | 8.19% |
| Wells Fargo Securities, LLC | $15.7M | 4.32% |
| BNY Capital Markets, LLC | $13.2M | 3.63% |
| National Financial Services LLC | $11.1M | 3.08% |
| BNP Paribas Securities Corp. | $8.4M | 2.31% |
| Barclays Capital Inc. | $6.9M | 1.89% |
SA Franklin Tactical Opportunities Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000191735 | Class 1 | 0.82% | — |
| C000191736 | Class 3 | 1.07% | — |
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.