SIEYX Fees and Costs — Saratoga International Equity Portfolio, International Equity Class A
Data updated: 2026-07-24
The net expense ratio is 3.84%. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2025 the fund paid $2K in broker commissions, 0.0607% of average net assets, and portfolio turnover was 41%.
SIEYX Fees and Expenses
Annual operating expenses and sales charges of SIEYX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | 2.68% |
| Gross expense ratio | 3.84% |
| Fee waiver | — |
| Net expense ratio | 3.84% |
| 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 |
SIEYX Costs Over Time
On $10,000 invested in SIEYX, assuming 5% a year before costs, total costs come to $2,904 over 5 years, cutting the return by 5.28% 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 3.84%) | $380 | $1,150 | $1,935 |
| Trading costs (broker commissions) | $6 | $18 | $31 |
| Lost growth on money paid in costs | $29 | $150 | $364 |
| Total costs | $990 | $1,893 | $2,904 |
| Value after costs | $9,510 | $9,683 | $9,859 |
| Impact on return, per year | 9.90% | 6.07% | 5.28% |
SIEYX 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): 0.0607%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $153K
- Portfolio turnover (prospectus): 41%
- Securities on loan, average value: $97K
- Net income from securities lending: $157 (0.005% of average net assets)
SIEYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, Inc. | $2K | 100.00% |
SIEYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Instinet, Inc. | $153K | 100.00% |
Saratoga International Equity Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SIEPX | International Equity Class I | 3.42% | none |
| SIEYX | International Equity Class A | 3.84% | 5.75% |
| SIECX | International Equity Class C | 4.51% | 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.