PBAPX Fees and Costs — SAM Balanced Portfolio, Class R-3
Data updated: 2026-09-25
The net expense ratio is 1.31%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.4M in broker commissions, 0.0296% of average net assets, and portfolio turnover was 45%.
PBAPX Fees and Expenses
Annual operating expenses and sales charges of PBAPX. Prospectus, as of March 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.27% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.33% |
| Gross expense ratio | 1.31% |
| Fee waiver | — |
| Net expense ratio | 1.31% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
PBAPX Costs Over Time
On $10,000 invested in PBAPX, assuming 5% a year before costs, total costs come to $832 over 5 years, cutting the return by 1.41% 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 1.31%) | $138 | $428 | $739 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $22 | $77 |
| Total costs | $141 | $459 | $832 |
| Value after costs | $10,359 | $11,117 | $11,931 |
| Impact on return, per year | 1.41% | 1.41% | 1.41% |
PBAPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0296%
- Total broker commissions: $1.4M
- Bought from dealers (principal trades, not a cost): $3.2B
- Portfolio turnover (prospectus): 45%
- Securities lending: none during the year
PBAPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU FINANCIAL LLC | $1.3M | 92.50% |
| JANE STREET CAPITAL | $78K | 5.69% |
| MISCHLER FINANCIAL GROUP INC. | $20K | 1.46% |
| CIBC WORLD MARKETS CORP | $5K | 0.35% |
PBAPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| VIRTU FINANCIAL LLC | $159.1M | 100.00% |
SAM Balanced Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PSBIX | Institutional Class | 0.75% | none |
| PSAJX | Class J | 0.91% | none |
| PSBFX | Class R-5 | 1.00% | none |
| SABPX | Class A | 1.05% | 5.50% |
| PBAPX | Class R-3 | 1.31% | none |
| SCBPX | Class C | 1.82% | none |
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.