SEPCX Fees and Costs — Saratoga Energy & Basic Materials Portfolio, Class C
Data updated: 2026-01-28
The net expense ratio is 4.85%: a 1.25% management fee, a 1.00% 12b-1 fee plus 2.60% other expenses. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $220 in broker commissions, 0.0190% of average net assets, and portfolio turnover was 47%.
SEPCX Fees and Expenses
Annual operating expenses and sales charges of SEPCX. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 1.00% |
| Other expenses | 2.60% |
| Gross expense ratio | 4.85% |
| Fee waiver | — |
| Net expense ratio | 4.85% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 | Yes |
SEPCX Costs Over Time
On $10,000 invested in SEPCX, assuming 5% a year before costs, total costs come to $2,819 over 5 years, cutting the return by 5.11% 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 | $100 | $0 | $0 |
| Fund expenses (net expense ratio 4.85%) | $509 | $1,526 | $2,541 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $78 | $268 |
| Total costs | $611 | $1,610 | $2,819 |
| Value after costs | $9,889 | $9,966 | $9,944 |
| Impact on return, per year | 6.11% | 5.11% | 5.11% |
SEPCX 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
SEPCX 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.