SAMAX Fees and Costs — Saratoga Moderately Aggressive Balanced Allocation Portfolio, Class A
Data updated: 2026-07-24
The net expense ratio is 2.42% (4.48% before fee waivers). This share class carries a maximum front-end sales load of 5.75%. Portfolio turnover was 5%.
SAMAX Fees and Expenses
Annual operating expenses and sales charges of SAMAX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | — |
| Other expenses | 2.15% |
| Gross expense ratio | 4.48% |
| Fee waiver | −2.06% |
| Net expense ratio | 2.42% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
SAMAX Costs Over Time
On $10,000 invested in SAMAX, assuming 5% a year before costs, total costs come to $2,121 over 5 years, cutting the return by 3.75% 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 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 2.42%) | $239 | $736 | $1,258 |
| Lost growth on money paid in costs | $29 | $127 | $288 |
| Total costs | $843 | $1,439 | $2,121 |
| Value after costs | $9,657 | $10,138 | $10,642 |
| Impact on return, per year | 8.43% | 4.54% | 3.75% |
SAMAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $110K
- Portfolio turnover (prospectus): 5%
- Securities lending: none during the year
SAMAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY Mellon Corp. | $110K | 100.00% |
Saratoga Moderately Aggressive Balanced Allocation Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SAMIX | Class I | 2.17% | none |
| SAMAX | Class A | 2.42% | 5.75% |
| SAMCX | Class C | 3.17% | 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.