SFPIX Fees and Costs — Saratoga Financial Services Portfolio, Financial Services Class I
Data updated: 2026-01-28
The net expense ratio is 3.88%: a 1.25% management fee plus 2.63% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $62 in broker commissions, 0.0044% of average net assets, and portfolio turnover was 32%.
SFPIX Fees and Expenses
Annual operating expenses and sales charges of SFPIX. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.63% |
| Gross expense ratio | 3.88% |
| Fee waiver | — |
| Net expense ratio | 3.88% |
| 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 | Yes |
SFPIX Costs Over Time
On $10,000 invested in SFPIX, assuming 5% a year before costs, total costs come to $2,294 over 5 years, cutting the return by 4.08% 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 3.88%) | $407 | $1,233 | $2,075 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $62 | $216 |
| Total costs | $408 | $1,297 | $2,294 |
| Value after costs | $10,092 | $10,279 | $10,469 |
| Impact on return, per year | 4.08% | 4.08% | 4.08% |
SFPIX 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): 0.0044%
- Total broker commissions: $62
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 32%
- Securities lending: none during the year
SFPIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, Inc. | $62 | 100.00% |
Saratoga Financial Services Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SFPIX | Financial Services Class I | 3.88% | none |
| SFPAX | Financial Services Class A | 4.23% | 5.75% |
| SFPCX | Financial Services Class C | 4.88% | 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.