LCIAX Fees and Costs — Siit Large Cap Index Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 0.13%: a 0.05% management fee plus 0.08% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $20K in broker commissions, 0.0010% of average net assets, and portfolio turnover was 10%.
LCIAX Fees and Expenses
Annual operating expenses and sales charges of LCIAX. Prospectus, as of September 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.05% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.08% |
| Gross expense ratio | 0.13% |
| Fee waiver | — |
| Net expense ratio | 0.13% |
| 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 |
LCIAX Costs Over Time
On $10,000 invested in LCIAX, assuming 5% a year before costs, total costs come to $83 over 5 years, cutting the return by 0.14% 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 0.13%) | $14 | $43 | $75 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $2 | $8 |
| Total costs | $14 | $45 | $83 |
| Value after costs | $10,486 | $11,531 | $12,679 |
| Impact on return, per year | 0.14% | 0.14% | 0.14% |
LCIAX 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): 0.0010%
- Total broker commissions: $20K
- Bought from dealers (principal trades, not a cost): $27.6M
- Portfolio turnover (prospectus): 10%
- Securities lending: none during the year
LCIAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $8K | 39.68% |
| BARCLAY BANK PLC | $4K | 21.51% |
| CITIGROUP | $2K | 9.37% |
| MORGAN STANLEY & CO, INC | $1K | 6.83% |
| GOLDMAN, SACHS & CO. | $1K | 5.56% |
| UBS SECURITIES | $950 | 4.90% |
| BAML | $788 | 4.06% |
| CITADEL SECURITIES | $784 | 4.04% |
| SUSQUEHANNA | $485 | 2.50% |
| PIPER JAFFRAY | $300 | 1.55% |
LCIAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $27.6M | 99.99% |
| GOLDMAN, SACHS & CO. | $2K | 0.01% |
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.