SMICX Fees and Costs — Saratoga Moderately Conservative Balanced Allocation Portfolio, Class I
Data updated: 2026-07-24
The net expense ratio is 1.98% (4.31% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 14%.
SMICX Fees and Expenses
Annual operating expenses and sales charges of SMICX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | — |
| Other expenses | 2.42% |
| Gross expense ratio | 4.31% |
| Fee waiver | −2.33% |
| Net expense ratio | 1.98% |
| 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 |
SMICX Costs Over Time
On $10,000 invested in SMICX, assuming 5% a year before costs, total costs come to $1,214 over 5 years, cutting the return by 2.08% 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 1.98%) | $208 | $642 | $1,102 |
| Lost growth on money paid in costs | $0 | $32 | $112 |
| Total costs | $208 | $674 | $1,214 |
| Value after costs | $10,292 | $10,902 | $11,548 |
| Impact on return, per year | 2.08% | 2.08% | 2.08% |
SMICX 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): $167K
- Portfolio turnover (prospectus): 14%
- Securities lending: none during the year
SMICX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY Mellon Corp. | $167K | 100.00% |
Saratoga Moderately Conservative Balanced Allocation Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SMICX | Class I | 1.98% | none |
| SMACX | Class A | 2.23% | 5.75% |
| SBCCX | Class C | 2.98% | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.