SBMBX Fees and Costs — Saratoga Energy & Basic Materials Portfolio, Class A
Data updated: 2026-01-28
The net expense ratio is 3.81%: a 1.25% management fee, a 0.40% 12b-1 fee plus 2.16% other expenses. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2025 the fund paid $220 in broker commissions, 0.0190% of average net assets, and portfolio turnover was 47%.
SBMBX Fees and Expenses
Annual operating expenses and sales charges of SBMBX. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.40% |
| Other expenses | 2.16% |
| Gross expense ratio | 3.81% |
| Fee waiver | — |
| Net expense ratio | 3.81% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
SBMBX Costs Over Time
On $10,000 invested in SBMBX, assuming 5% a year before costs, total costs come to $2,867 over 5 years, cutting the return by 5.21% 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 | $575 | $575 | $575 |
| Fund expenses (net expense ratio 3.81%) | $377 | $1,142 | $1,923 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $29 | $149 | $360 |
| Total costs | $983 | $1,872 | $2,867 |
| Value after costs | $9,517 | $9,705 | $9,896 |
| Impact on return, per year | 9.83% | 5.99% | 5.21% |
SBMBX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0190%
- Total broker commissions: $220
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 47%
- Securities lending: none during the year
SBMBX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, Inc. | $220 | 100.00% |
Saratoga Energy & Basic Materials Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SEPIX | Class I | 3.40% | none |
| SBMBX | Class A | 3.81% | 5.75% |
| SEPCX | Class C | 4.85% | 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.