SAUPX Fees and Costs — SAM Flexible Income Portfolio, Class A
Data updated: 2026-09-25
The net expense ratio is 1.00%. This share class carries a maximum front-end sales load of 3.75% and a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $467K in broker commissions, 0.0207% of average net assets, and portfolio turnover was 24%.
SAUPX Fees and Expenses
Annual operating expenses and sales charges of SAUPX. Prospectus, as of March 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.27% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.07% |
| Gross expense ratio | 1.00% |
| Fee waiver | — |
| Net expense ratio | 1.00% |
| Sales charges | |
|---|---|
| Max front load | 3.75% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
SAUPX Costs Over Time
On $10,000 invested in SAUPX, assuming 5% a year before costs, total costs come to $1,093 over 5 years, cutting the return by 1.86% 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 | $475 | $375 | $375 |
| Fund expenses (net expense ratio 1.00%) | $101 | $315 | $547 |
| Trading costs (broker commissions) | $2 | $7 | $11 |
| Lost growth on money paid in costs | $19 | $75 | $160 |
| Total costs | $597 | $772 | $1,093 |
| Value after costs | $9,903 | $10,804 | $11,670 |
| Impact on return, per year | 5.97% | 2.39% | 1.86% |
SAUPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0207%
- Total broker commissions: $467K
- Bought from dealers (principal trades, not a cost): $1.0B
- Portfolio turnover (prospectus): 24%
- Securities lending: none during the year
SAUPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU FINANCIAL LLC | $449K | 96.22% |
| JANE STREET CAPITAL | $10K | 2.11% |
| MISCHLER FINANCIAL GROUP INC. | $6K | 1.19% |
| CIBC WORLD MARKETS CORP | $2K | 0.48% |
SAUPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| VIRTU FINANCIAL LLC | $56.5M | 100.00% |
SAM Flexible Income Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PIFIX | Institutional Class | 0.73% | none |
| PFIJX | Class J | 0.85% | none |
| PFIFX | Class R-5 | 0.95% | none |
| SAUPX | Class A | 1.00% | 3.75% |
| PFIPX | Class R-3 | 1.26% | none |
| SCUPX | Class C | 1.79% | 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.