STAAA Fees and Costs — SA PGI Asset Allocation Portfolio, Class 1
Data updated: 2021-11-24
The net expense ratio is 0.83%. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $38K in broker commissions, 0.0232% of average net assets, and portfolio turnover was 32%.
STAAA Fees and Expenses
Annual operating expenses and sales charges of STAAA. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.68% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.13% |
| Gross expense ratio | 0.83% |
| Fee waiver | — |
| Net expense ratio | 0.83% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
STAAA Costs Over Time
On $10,000 invested in STAAA, assuming 5% a year before costs, total costs come to $535 over 5 years, cutting the return by 0.90% 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 0.83%) | $87 | $272 | $473 |
| Trading costs (broker commissions) | $2 | $8 | $13 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $90 | $294 | $535 |
| Value after costs | $10,410 | $11,282 | $12,228 |
| Impact on return, per year | 0.90% | 0.90% | 0.90% |
STAAA Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0232%
- Total broker commissions: $38K
- Bought from dealers (principal trades, not a cost): $895.9M
- Portfolio turnover (prospectus): 32%
- Securities lending: none during the year
STAAA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $16K | 46.63% |
| Nomura Securities International, Inc. | $5K | 15.30% |
| Goldman Sachs & Co. LLC | $3K | 9.50% |
| National Financial Services LLC | $3K | 8.01% |
| BNY Mellon Capital Markets, LLC | $2K | 5.05% |
| Virtu Itg LLC | $1K | 3.91% |
| J.P. Morgan Securities LLC | $1K | 3.87% |
| Barclays Capital Inc. | $1K | 3.74% |
| Jefferies LLC | $794 | 2.25% |
| Robert W. Baird & Co. Incorporated | $613 | 1.74% |
STAAA Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $857.3M | 96.54% |
| Morgan Stanley & Co. LLC | $7.0M | 0.79% |
| Citigroup Global Markets Inc. | $5.4M | 0.61% |
| J.P. Morgan Securities LLC | $4.1M | 0.46% |
| BNY Mellon Capital Markets, LLC | $3.5M | 0.40% |
| Goldman Sachs & Co. LLC | $3.0M | 0.34% |
| Barclays Capital Inc. | $2.3M | 0.26% |
| MarketAxess Corporation | $2.3M | 0.25% |
| StoneX Group Inc. | $1.6M | 0.18% |
| Nomura Securities International, Inc. | $1.5M | 0.17% |
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.