SASLX Fees and Costs — SA U.S. Small Company Fund, Select Share Class
Data updated: 2026-09-03
The net expense ratio is 0.87%: a 0.60% management fee, a 0.05% 12b-1 fee plus 0.22% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $24K in broker commissions, 0.0076% of average net assets, and portfolio turnover was 3%.
SASLX Fees and Expenses
Annual operating expenses and sales charges of SASLX. Prospectus, as of October 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.05% |
| Other expenses | 0.22% |
| Gross expense ratio | 0.87% |
| Fee waiver | — |
| Net expense ratio | 0.87% |
| 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 |
SASLX Costs Over Time
On $10,000 invested in SASLX, assuming 5% a year before costs, total costs come to $550 over 5 years, cutting the return by 0.92% 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 0.87%) | $91 | $285 | $496 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $92 | $302 | $550 |
| Value after costs | $10,408 | $11,274 | $12,213 |
| Impact on return, per year | 0.92% | 0.92% | 0.92% |
SASLX 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): 0.0076%
- Total broker commissions: $24K
- Bought from dealers (principal trades, not a cost): $55.9M
- Portfolio turnover (prospectus): 3%
- Securities on loan, average value: $15.2M
- Net income from securities lending: $30K (0.010% of average net assets)
SASLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $9K | 37.28% |
| Nomura Securities International, Inc. | $7K | 28.09% |
| BNY Capital Markets, LLC | $4K | 18.01% |
| Goldman Sachs & Co. LLC | $2K | 7.83% |
| Citigroup Global Markets Inc. | $986 | 4.04% |
| UBS Securities LLC | $657 | 2.69% |
| BofA Securities, Inc. | $354 | 1.45% |
| Stifel, Nicolaus & Company, Incorporated | $152 | 0.62% |
SASLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $55.4M | 100.00% |
SA U.S. Small Company Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SASLX | Select Share Class | 0.87% | none |
| SAUMX | SA U.S. Small Company Fund | 0.89% | 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.