SAFLX Fees and Costs — SA Global Fixed Income Fund, Select Share Class
Data updated: 2026-09-03
The net expense ratio is 0.52%: a 0.28% management fee, a 0.05% 12b-1 fee plus 0.19% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 77%.
SAFLX Fees and Expenses
Annual operating expenses and sales charges of SAFLX. Prospectus, as of October 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.28% |
| 12b-1 fee | 0.05% |
| Other expenses | 0.19% |
| Gross expense ratio | 0.52% |
| Fee waiver | — |
| Net expense ratio | 0.52% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
SAFLX Costs Over Time
On $10,000 invested in SAFLX, assuming 5% a year before costs, total costs come to $328 over 5 years, cutting the return by 0.55% 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 0.52%) | $55 | $171 | $298 |
| Lost growth on money paid in costs | $0 | $8 | $30 |
| Total costs | $55 | $180 | $328 |
| Value after costs | $10,445 | $11,397 | $12,434 |
| Impact on return, per year | 0.55% | 0.55% | 0.55% |
SAFLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $637.6M
- Portfolio turnover (prospectus): 77%
- Securities on loan, average value: $6.6M
- Net income from securities lending: $34K (0.006% of average net assets)
SAFLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $332.7M | 63.12% |
| UBS Securities LLC | $34.6M | 6.57% |
| Citigroup Global Markets Inc. | $27.3M | 5.18% |
| BofA Securities, Inc. | $23.5M | 4.45% |
| J.P. Morgan Securities LLC | $21.9M | 4.16% |
| TD Securities (USA) LLC | $20.4M | 3.87% |
| Barclays Capital Inc. | $19.5M | 3.71% |
| CIBC World Markets Corp. | $17.7M | 3.36% |
| BNP Paribas Securities Corp. | $15.5M | 2.95% |
| Morgan Stanley & Co. LLC | $13.8M | 2.62% |
SA Global Fixed Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SAXIX | SA Global Fixed Income Fund | 0.51% | none |
| SAFLX | Select Share Class | 0.52% | 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.