STPAX Fees and Costs — Saratoga Technology & Communications Portfolio, Class A
Data updated: 2026-07-24
The net expense ratio is 2.82%. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2025 the fund paid $3K in broker commissions, 0.0078% of average net assets, and portfolio turnover was 7%.
STPAX Fees and Expenses
Annual operating expenses and sales charges of STPAX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | — |
| Other expenses | 1.17% |
| Gross expense ratio | 2.82% |
| Fee waiver | — |
| Net expense ratio | 2.82% |
| 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 | No |
| Waived fees subject to recoupment | No |
STPAX Costs Over Time
On $10,000 invested in STPAX, assuming 5% a year before costs, total costs come to $2,341 over 5 years, cutting the return by 4.17% 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 2.82%) | $279 | $854 | $1,453 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $29 | $134 | $309 |
| Total costs | $884 | $1,565 | $2,341 |
| Value after costs | $9,616 | $10,011 | $10,422 |
| Impact on return, per year | 8.84% | 4.96% | 4.17% |
STPAX 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): 0.0078%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 7%
- Securities on loan, average value: $502K
- Net income from securities lending: $380 (0.001% of average net assets)
STPAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Cowen Group | $2K | 62.80% |
| Instinet, Inc. | $1K | 31.08% |
| SG Securities | $199 | 6.12% |
Saratoga Technology & Communications Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| STPIX | Class I | 2.42% | none |
| STPAX | Class A | 2.82% | 5.75% |
| STPCX | Class C | 3.42% | 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.