SATTX Fees and Costs — Tax-Aware Overlay A Portfolio, Class 2
Data updated: 2026-08-26
The net expense ratio is 1.07% (1.37% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $195K in broker commissions, 0.0214% of average net assets, and portfolio turnover was 24%.
SATTX Fees and Expenses
Annual operating expenses and sales charges of SATTX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.16% |
| Gross expense ratio | 1.37% |
| Fee waiver | −0.30% |
| Net expense ratio | 1.07% |
| 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 |
SATTX Costs Over Time
On $10,000 invested in SATTX, assuming 5% a year before costs, total costs come to $681 over 5 years, cutting the return by 1.15% 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 1.07%) | $112 | $350 | $607 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $18 | $63 |
| Total costs | $115 | $375 | $681 |
| Value after costs | $10,385 | $11,201 | $12,081 |
| Impact on return, per year | 1.15% | 1.15% | 1.15% |
SATTX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0214%
- Total broker commissions: $195K
- Bought from dealers (principal trades, not a cost): $934.1M
- Portfolio turnover (prospectus): 24%
- Securities lending: none during the year
SATTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $152K | 81.55% |
| BofA Securities, Inc. | $7K | 3.78% |
| Loop Capital Markets LLC | $5K | 2.59% |
| Barclays Capital Inc. | $4K | 2.37% |
| UBS Securities LLC | $4K | 2.15% |
| Morgan Stanley & Co. LLC | $3K | 1.79% |
| Jefferies LLC | $3K | 1.77% |
| BMO Capital Markets Corp. | $3K | 1.53% |
| J.P. Morgan Securities LLC | $3K | 1.36% |
| Citigroup Global Markets Inc. | $2K | 1.11% |
SATTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $931.0M | 99.67% |
| J.P. Morgan Securities LLC | $1.2M | 0.12% |
| Goldman Sachs & Co. LLC | $635K | 0.07% |
| Jefferies LLC | $444K | 0.05% |
| BofA Securities, Inc. | $427K | 0.05% |
| Morgan Stanley & Co. LLC | $388K | 0.04% |
Tax-Aware Overlay A Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SATTX | Class 2 | 1.07% | none |
| SATOX | Class 1 | 1.27% | 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.