SBTOX Fees and Costs — Tax-Aware Overlay B Portfolio, Class 1
Data updated: 2026-08-26
The net expense ratio is 0.91% (0.92% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $42K in broker commissions, 0.0080% of average net assets, and portfolio turnover was 13%.
SBTOX Fees and Expenses
Annual operating expenses and sales charges of SBTOX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.24% |
| Gross expense ratio | 0.92% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.91% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
SBTOX Costs Over Time
On $10,000 invested in SBTOX, assuming 5% a year before costs, total costs come to $575 over 5 years, cutting the return by 0.96% 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 0.91%) | $96 | $298 | $518 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $96 | $316 | $575 |
| Value after costs | $10,404 | $11,260 | $12,188 |
| Impact on return, per year | 0.96% | 0.96% | 0.96% |
SBTOX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0080%
- Total broker commissions: $42K
- Bought from dealers (principal trades, not a cost): $619.4M
- Portfolio turnover (prospectus): 13%
- Securities lending: none during the year
SBTOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $36K | 85.16% |
| BofA Securities, Inc. | $5K | 11.17% |
| Morgan Stanley & Co. LLC | $1K | 2.73% |
| J.P. Morgan Securities LLC | $389 | 0.93% |
SBTOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $414.0M | 70.17% |
| J.P. Morgan Securities LLC | $48.8M | 8.28% |
| Guardian Capital LP | $22.7M | 3.85% |
| Goldman Sachs & Co. LLC | $21.3M | 3.61% |
| Wells Fargo Securities, LLC | $20.0M | 3.39% |
| BNY Capital Markets, LLC | $19.3M | 3.26% |
| Morgan Stanley & Co. LLC | $16.8M | 2.85% |
| Citigroup Global Markets Inc. | $13.2M | 2.23% |
| RBC Capital Markets, LLC | $7.6M | 1.29% |
| Jefferies LLC | $6.3M | 1.07% |
Tax-Aware Overlay B Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SBTTX | Class 2 | 0.77% | none |
| SBTOX | Class 1 | 0.91% | 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.