ENIAX Fees and Costs — Siit Opportunistic Income Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 0.56%: a 0.45% management fee plus 0.11% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $770 in broker commissions, 0.0002% of average net assets, and portfolio turnover was 47%.
ENIAX Fees and Expenses
Annual operating expenses and sales charges of ENIAX. Prospectus, as of September 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.11% |
| Gross expense ratio | 0.56% |
| Fee waiver | — |
| Net expense ratio | 0.56% |
| 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 |
ENIAX Costs Over Time
On $10,000 invested in ENIAX, assuming 5% a year before costs, total costs come to $354 over 5 years, cutting the return by 0.59% 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 0.56%) | $59 | $184 | $321 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $59 | $193 | $354 |
| Value after costs | $10,441 | $11,383 | $12,409 |
| Impact on return, per year | 0.59% | 0.59% | 0.59% |
ENIAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0002%
- Total broker commissions: $770
- Bought from dealers (principal trades, not a cost): $490.0M
- Portfolio turnover (prospectus): 47%
- Securities lending: none during the year
ENIAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO, INC | $336 | 68.28% |
| GOLDMAN, SACHS & CO. | $156 | 31.72% |
ENIAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNP PARIBAS | $138.7M | 36.54% |
| J P MORGAN CHASE BANK | $58.4M | 15.38% |
| BARCLAY BANK PLC | $35.3M | 9.32% |
| BAML | $33.0M | 8.70% |
| MORGAN STANLEY & CO, INC | $25.2M | 6.63% |
| CITIGROUP | $22.4M | 5.90% |
| GOLDMAN, SACHS & CO. | $21.4M | 5.65% |
| RBC CAPITAL | $16.5M | 4.34% |
| WELLS FARGO | $16.3M | 4.30% |
| DEUTSCHE BANK SECURITIES, INC. | $12.3M | 3.24% |
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.