SMSIX Fees and Costs — SAAT Moderate Strategy Fund, Class I
Data updated: 2026-08-28
The net expense ratio is 1.49%. There are no sales loads or redemption fees. Portfolio turnover was 12%.
SMSIX Fees and Expenses
Annual operating expenses and sales charges of SMSIX. Prospectus, as of July 29, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.10% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.80% |
| Gross expense ratio | 1.49% |
| Fee waiver | — |
| Net expense ratio | 1.49% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
SMSIX Costs Over Time
On $10,000 invested in SMSIX, assuming 5% a year before costs, total costs come to $923 over 5 years, cutting the return by 1.56% 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 1.49%) | $156 | $486 | $838 |
| Lost growth on money paid in costs | $0 | $24 | $85 |
| Total costs | $156 | $510 | $923 |
| Value after costs | $10,344 | $11,066 | $11,840 |
| Impact on return, per year | 1.56% | 1.56% | 1.56% |
SMSIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 12%
- Securities lending: none during the year
SAAT Moderate Strategy Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SMOAX | Class F | 1.24% | — |
| SMSIX | Class I | 1.49% | — |
| SMSDX | Class D | 1.99% | — |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.