SAXIX Fees and Costs — SA Global Fixed Income Fund
Data updated: 2026-09-03
The net expense ratio is 0.51%: a 0.28% management fee, a 0.15% 12b-1 fee plus 0.08% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 77%.
SAXIX Fees and Expenses
Annual operating expenses and sales charges of SAXIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.28% |
| 12b-1 fee | 0.15% |
| Other expenses | 0.08% |
| Gross expense ratio | 0.51% |
| Fee waiver | — |
| Net expense ratio | 0.51% |
| 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 |
SAXIX Costs Over Time
On $10,000 invested in SAXIX, assuming 5% a year before costs, total costs come to $322 over 5 years, cutting the return by 0.54% 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 0.51%) | $54 | $168 | $293 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $54 | $176 | $322 |
| Value after costs | $10,446 | $11,400 | $12,441 |
| Impact on return, per year | 0.54% | 0.54% | 0.54% |
SAXIX 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): $637.6M
- Portfolio turnover (prospectus): 77%
- Securities on loan, average value: $6.6M
- Net income from securities lending: $34K (0.006% of average net assets)
SAXIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $332.7M | 63.12% |
| UBS Securities LLC | $34.6M | 6.57% |
| Citigroup Global Markets Inc. | $27.3M | 5.18% |
| BofA Securities, Inc. | $23.5M | 4.45% |
| J.P. Morgan Securities LLC | $21.9M | 4.16% |
| TD Securities (USA) LLC | $20.4M | 3.87% |
| Barclays Capital Inc. | $19.5M | 3.71% |
| CIBC World Markets Corp. | $17.7M | 3.36% |
| BNP Paribas Securities Corp. | $15.5M | 2.95% |
| Morgan Stanley & Co. LLC | $13.8M | 2.62% |
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.