SAUFX Fees and Costs — SA U.S. Fixed Income Fund
Data updated: 2026-09-03
The net expense ratio is 0.40%: a 0.18% management fee, a 0.15% 12b-1 fee plus 0.09% other expenses, less a 0.02% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 69%.
SAUFX Fees and Expenses
Annual operating expenses and sales charges of SAUFX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.18% |
| 12b-1 fee | 0.15% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.42% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.40% |
| 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 | Yes |
| Waived fees subject to recoupment | No |
SAUFX Costs Over Time
On $10,000 invested in SAUFX, assuming 5% a year before costs, total costs come to $253 over 5 years, cutting the return by 0.42% 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 0.40%) | $42 | $132 | $230 |
| Lost growth on money paid in costs | $0 | $7 | $23 |
| Total costs | $42 | $138 | $253 |
| Value after costs | $10,458 | $11,438 | $12,510 |
| Impact on return, per year | 0.42% | 0.42% | 0.42% |
SAUFX 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): $630.1M
- Portfolio turnover (prospectus): 69%
- Securities lending: none during the year
SAUFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $241.4M | 46.84% |
| Barclays Capital Inc. | $74.2M | 14.39% |
| Deutsche Bank Securities Inc. | $33.1M | 6.41% |
| Morgan Stanley & Co. LLC | $31.9M | 6.19% |
| BofA Securities, Inc. | $26.5M | 5.14% |
| J.P. Morgan Securities LLC | $24.4M | 4.73% |
| Jane Street Execution Services, LLC | $23.6M | 4.57% |
| RBC Capital Markets, LLC | $22.4M | 4.34% |
| Nomura Securities International, Inc. | $19.0M | 3.69% |
| Daiwa Capital Markets America Inc. | $19.0M | 3.69% |
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.