SIBPX Fees and Costs — Saratoga Investment Quality Bond Portfolio, Class I
Data updated: 2026-07-24
The net expense ratio is 1.81%. There are no sales loads or redemption fees. Portfolio turnover was 29%.
SIBPX Fees and Expenses
Annual operating expenses and sales charges of SIBPX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | — |
| Other expenses | 1.20% |
| Gross expense ratio | 1.81% |
| Fee waiver | — |
| Net expense ratio | 1.81% |
| 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 | No |
| Waived fees subject to recoupment | No |
SIBPX Costs Over Time
On $10,000 invested in SIBPX, assuming 5% a year before costs, total costs come to $1,114 over 5 years, cutting the return by 1.90% 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 1.81%) | $190 | $588 | $1,011 |
| Lost growth on money paid in costs | $0 | $29 | $103 |
| Total costs | $190 | $617 | $1,114 |
| Value after costs | $10,310 | $10,959 | $11,649 |
| Impact on return, per year | 1.90% | 1.90% | 1.90% |
SIBPX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $7.7M
- Portfolio turnover (prospectus): 29%
- Securities lending: none during the year
SIBPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY Mellon Corp. | $7.7M | 100.00% |
Saratoga Investment Quality Bond Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SIBPX | Class I | 1.81% | none |
| SQBAX | Class A | 2.22% | 5.75% |
| SQBCX | Class C | 2.62% | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.