SAVLX Fees and Costs — SA U.S. Value Fund, Select Share Class
Data updated: 2026-09-03
The net expense ratio is 0.73%: a 0.50% management fee, a 0.05% 12b-1 fee plus 0.18% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $10K in broker commissions, 0.0017% of average net assets, and portfolio turnover was 11%.
SAVLX Fees and Expenses
Annual operating expenses and sales charges of SAVLX. Prospectus, as of October 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.05% |
| Other expenses | 0.18% |
| Gross expense ratio | 0.73% |
| Fee waiver | — |
| Net expense ratio | 0.73% |
| 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 |
SAVLX Costs Over Time
On $10,000 invested in SAVLX, assuming 5% a year before costs, total costs come to $460 over 5 years, cutting the return by 0.77% 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 0.73%) | $77 | $240 | $417 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $77 | $252 | $460 |
| Value after costs | $10,423 | $11,324 | $12,303 |
| Impact on return, per year | 0.77% | 0.77% | 0.77% |
SAVLX 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): 0.0017%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $101.5M
- Portfolio turnover (prospectus): 11%
- Securities on loan, average value: $1.5M
- Net income from securities lending: $2K (0.000% of average net assets)
SAVLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $3K | 35.63% |
| Nomura Securities International, Inc. | $2K | 24.82% |
| BNY Capital Markets, LLC | $2K | 16.98% |
| Goldman Sachs & Co. LLC | $906 | 9.48% |
| Citigroup Global Markets Inc. | $459 | 4.80% |
| BofA Securities, Inc. | $355 | 3.71% |
| UBS Securities LLC | $341 | 3.56% |
| Stifel, Nicolaus & Company, Incorporated | $97 | 1.01% |
SAVLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $101.5M | 100.00% |
SA U.S. Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SAVLX | Select Share Class | 0.73% | none |
| SABTX | SA U.S. Value Fund | 0.74% | 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.