LDRAX Fees and Costs — Siit Long Duration Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 0.38%: a 0.30% management fee plus 0.08% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $17K in broker commissions, 0.0025% of average net assets, and portfolio turnover was 131%.
LDRAX Fees and Expenses
Annual operating expenses and sales charges of LDRAX. Prospectus, as of September 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.08% |
| Gross expense ratio | 0.38% |
| Fee waiver | — |
| Net expense ratio | 0.38% |
| 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 |
LDRAX Costs Over Time
On $10,000 invested in LDRAX, assuming 5% a year before costs, total costs come to $242 over 5 years, cutting the return by 0.40% 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 0.38%) | $40 | $125 | $219 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $6 | $22 |
| Total costs | $40 | $132 | $242 |
| Value after costs | $10,460 | $11,444 | $12,521 |
| Impact on return, per year | 0.40% | 0.40% | 0.40% |
LDRAX 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): 0.0025%
- Total broker commissions: $17K
- Bought from dealers (principal trades, not a cost): $2.0B
- Portfolio turnover (prospectus): 131%
- Securities lending: none during the year
LDRAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $10K | 57.74% |
| CITIGROUP | $5K | 31.47% |
| BARCLAY BANK PLC | $696 | 4.04% |
| J P MORGAN CHASE BANK | $530 | 3.08% |
| MORGAN STANLEY & CO, INC | $466 | 2.71% |
| NOMURA | $165 | 0.96% |
| RJ O'BRIEN | $2 | 0.01% |
LDRAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BAML | $268.6M | 16.13% |
| J P MORGAN CHASE BANK | $260.0M | 15.62% |
| BMO CAPITAL | $223.8M | 13.44% |
| CITADEL | $213.2M | 12.80% |
| MORGAN STANLEY & CO, INC | $158.1M | 9.49% |
| BARCLAY BANK PLC | $142.3M | 8.54% |
| DEUTSCHE BANK SECURITIES, INC. | $140.9M | 8.46% |
| GOLDMAN, SACHS & CO. | $117.1M | 7.03% |
| CITIGROUP | $98.1M | 5.89% |
| WELLS FARGO | $43.0M | 2.58% |
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.