C000229214 Fees and Costs — SA Wellington Strategic Multi-Asset Portfolio, Class 1
Data updated: 2026-08-28
The net expense ratio is 0.86%: a 1.00% management fee plus 0.30% other expenses, less a 0.44% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $49K in broker commissions, 0.0289% of average net assets, and portfolio turnover was 105%.
C000229214 Fees and Expenses
Annual operating expenses and sales charges of C000229214. Prospectus, as of July 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.30% |
| Gross expense ratio | 1.30% |
| Fee waiver | −0.44% |
| Net expense ratio | 0.86% |
| 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 |
C000229214 Costs Over Time
On $10,000 invested in C000229214, assuming 5% a year before costs, total costs come to $557 over 5 years, cutting the return by 0.93% 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 0.86%) | $90 | $282 | $490 |
| Trading costs (broker commissions) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $93 | $306 | $557 |
| Value after costs | $10,407 | $11,270 | $12,206 |
| Impact on return, per year | 0.93% | 0.93% | 0.93% |
C000229214 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0289%
- Total broker commissions: $49K
- Bought from dealers (principal trades, not a cost): $930.6M
- Portfolio turnover (prospectus): 105%
- Securities lending: none during the year
C000229214 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $7K | 19.06% |
| Morgan Stanley & Co. LLC | $7K | 19.01% |
| UBS Securities LLC | $5K | 13.03% |
| Citigroup Global Markets Inc. | $4K | 9.23% |
| TD Securities (USA) LLC | $3K | 8.52% |
| Jefferies LLC | $3K | 7.47% |
| BNP Paribas Securities Corp. | $3K | 7.14% |
| BofA Securities, Inc. | $3K | 6.92% |
| Barclays Capital Inc. | $2K | 4.86% |
| Mizuho Securities USA LLC | $2K | 4.76% |
C000229214 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital Inc. | $174.7M | 19.82% |
| BNP Paribas Securities Corp. | $169.5M | 19.23% |
| BofA Securities, Inc. | $162.7M | 18.46% |
| Deutsche Bank Securities Inc. | $160.7M | 18.23% |
| Natwest Markets Securities Inc. | $157.2M | 17.84% |
| J.P. Morgan Securities LLC | $16.2M | 1.83% |
| MUFG Securities Americas Inc. | $14.0M | 1.59% |
| Citadel Securities LLC | $9.5M | 1.07% |
| Morgan Stanley & Co. LLC | $8.9M | 1.01% |
| Goldman Sachs & Co. LLC | $8.0M | 0.91% |
SA Wellington Strategic Multi-Asset Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000229214 | Class 1 | 0.86% | — |
| C000229215 | Class 3 | 1.11% | — |
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.