SAHMX Fees and Costs — SA International Value Fund
Data updated: 2026-09-03
The net expense ratio is 0.91%: a 0.65% management fee, a 0.15% 12b-1 fee plus 0.11% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $28K in broker commissions, 0.0045% of average net assets, and portfolio turnover was 9%.
SAHMX Fees and Expenses
Annual operating expenses and sales charges of SAHMX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.15% |
| Other expenses | 0.11% |
| Gross expense ratio | 0.91% |
| Fee waiver | — |
| Net expense ratio | 0.91% |
| 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 |
SAHMX Costs Over Time
On $10,000 invested in SAHMX, assuming 5% a year before costs, total costs come to $573 over 5 years, cutting the return by 0.96% 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 0.91%) | $96 | $298 | $518 |
| Trading costs (broker commissions) | $0 | $1 | $3 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $96 | $315 | $573 |
| Value after costs | $10,404 | $11,262 | $12,190 |
| Impact on return, per year | 0.96% | 0.96% | 0.96% |
SAHMX 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): 0.0045%
- Total broker commissions: $28K
- Bought from dealers (principal trades, not a cost): $80.8M
- Portfolio turnover (prospectus): 9%
- Securities on loan, average value: $65.6M
- Net income from securities lending: $239K (0.039% of average net assets)
SAHMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Nomura Securities International, Inc. | $9K | 32.15% |
| Jefferies LLC | $8K | 30.06% |
| Virtu Americas LLC | $4K | 15.58% |
| UBS Securities LLC | $3K | 11.14% |
| Goldman Sachs & Co. LLC | $1K | 5.26% |
| BNP Paribas Securities Corp. | $480 | 1.72% |
| BNY Capital Markets, LLC | $447 | 1.60% |
| ABN AMRO Securities (USA) LLC | $380 | 1.36% |
| DBS Bank Ltd. | $181 | 0.65% |
| Citigroup Global Markets Inc. | $133 | 0.48% |
SAHMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $80.1M | 99.23% |
| BofA Securities, Inc. | $261K | 0.32% |
| UBS Securities LLC | $261K | 0.32% |
| J.P. Morgan Securities LLC | $102K | 0.13% |
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.