C000199994 Fees and Costs — SA Emerging Markets Equity Index Portfolio, Class 3
Data updated: 2026-09-28
The net expense ratio is 0.83%: a 0.45% management fee, a 0.25% 12b-1 fee plus 0.40% other expenses, less a 0.27% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $14K in broker commissions, 0.0130% of average net assets, and portfolio turnover was 18%.
C000199994 Fees and Expenses
Annual operating expenses and sales charges of C000199994. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.40% |
| Gross expense ratio | 1.10% |
| Fee waiver | −0.27% |
| Net expense ratio | 0.83% |
| 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 |
C000199994 Costs Over Time
On $10,000 invested in C000199994, 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 0.83%) | $87 | $272 | $473 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| 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% |
C000199994 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): 0.0130%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $10.1M
- Portfolio turnover (prospectus): 18%
- Securities lending: none during the year
C000199994 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $2K | 18.34% |
| CLSA Americas, LLC | $2K | 15.25% |
| Goldman Sachs & Co. LLC | $1K | 11.96% |
| UBS Securities LLC | $1K | 11.63% |
| BofA Securities, Inc. | $1K | 9.93% |
| Macquarie Capital (USA) Inc. | $1K | 9.60% |
| J.P. Morgan Securities LLC | $908 | 7.55% |
| Wells Fargo Securities, LLC | $832 | 6.91% |
| TD Securities (USA) LLC | $630 | 5.23% |
| Jefferies LLC | $434 | 3.60% |
C000199994 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $9.8M | 97.63% |
| Mizuho Securities USA LLC | $199K | 1.97% |
| BNY Capital Markets, LLC | $40K | 0.39% |
| Macquarie Capital (USA) Inc. | $2 | 0.00% |
SA Emerging Markets Equity 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 |
|---|---|---|---|
| C000199993 | Class 1 | 0.58% | — |
| C000199994 | Class 3 | 0.83% | — |
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.