SSSEX Fees and Costs — State Street Small-Cap Equity V.I.S. Fund, Class 1
Data updated: 2026-08-28
The net expense ratio is 1.42%: a 0.95% management fee plus 0.47% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $12K in broker commissions, 0.0529% of average net assets, and portfolio turnover was 40%.
SSSEX Fees and Expenses
Annual operating expenses and sales charges of SSSEX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | — |
| Other expenses | 0.47% |
| Gross expense ratio | 1.42% |
| Fee waiver | — |
| Net expense ratio | 1.42% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
SSSEX Costs Over Time
On $10,000 invested in SSSEX, assuming 5% a year before costs, total costs come to $913 over 5 years, cutting the return by 1.55% 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 1.42%) | $149 | $463 | $799 |
| Trading costs (broker commissions) | $6 | $17 | $30 |
| Lost growth on money paid in costs | $0 | $24 | $84 |
| Total costs | $155 | $504 | $913 |
| Value after costs | $10,345 | $11,072 | $11,850 |
| Impact on return, per year | 1.55% | 1.55% | 1.55% |
SSSEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0529%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): $16.9M
- Portfolio turnover (prospectus): 40%
- Securities lending: none during the year
SSSEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| National Financial Services LLC | $2K | 27.14% |
| Robert W. Baird & Co. Incorporated | $881 | 13.33% |
| Jefferies LLC | $865 | 13.08% |
| Nomura Securities International, Inc. | $478 | 7.23% |
| Liquidnet, Inc. | $478 | 7.23% |
| JonesTrading Institutional Services LLC | $464 | 7.02% |
| Virtu Americas LLC | $461 | 6.98% |
| KeyBanc Capital Markets Inc. | $426 | 6.45% |
| Stifel, Nicolaus & Company, Incorporated | $389 | 5.88% |
| Goldman Sachs & Co. LLC | $375 | 5.68% |
SSSEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $16.8M | 99.36% |
| J.P. Morgan Securities LLC | $37K | 0.22% |
| Goldman Sachs & Co. LLC | $29K | 0.17% |
| Morgan Stanley & Co. LLC | $27K | 0.16% |
| Citigroup Global Markets Inc. | $14K | 0.09% |
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.