SAAAX Fees and Costs — SIMT Multi-Asset Accumulation Fund, Class F
Data updated: 2026-08-28
The net expense ratio is 1.34%: a 0.75% management fee plus 0.59% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $469K in broker commissions, 0.0307% of average net assets, and portfolio turnover was 75%.
SAAAX Fees and Expenses
Annual operating expenses and sales charges of SAAAX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.59% |
| Gross expense ratio | 1.34% |
| Fee waiver | — |
| Net expense ratio | 1.34% |
| 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 |
SAAAX Costs Over Time
On $10,000 invested in SAAAX, assuming 5% a year before costs, total costs come to $851 over 5 years, cutting the return by 1.44% 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 1.34%) | $141 | $437 | $755 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $22 | $78 |
| Total costs | $144 | $470 | $851 |
| Value after costs | $10,356 | $11,107 | $11,912 |
| Impact on return, per year | 1.44% | 1.44% | 1.44% |
SAAAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0307%
- Total broker commissions: $469K
- Bought from dealers (principal trades, not a cost): $2.9B
- Portfolio turnover (prospectus): 75%
- Securities lending: none during the year
SAAAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $275K | 58.68% |
| BARCLAY BANK PLC | $107K | 22.93% |
| BAML | $27K | 5.74% |
| HSBC | $24K | 5.04% |
| INSTINET | $13K | 2.81% |
| MORGAN STANLEY & CO, INC | $9K | 1.97% |
| JEFFERIES LLC | $6K | 1.37% |
| GOLDMAN, SACHS & CO. | $6K | 1.20% |
| UBS SECURITIES | $644 | 0.14% |
| WELLS FARGO | $572 | 0.12% |
SAAAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP | $597.2M | 24.42% |
| GOLDMAN, SACHS & CO. | $414.8M | 16.96% |
| J P MORGAN CHASE BANK | $311.4M | 12.73% |
| MORGAN STANLEY & CO, INC | $215.7M | 8.82% |
| TD SECURITIES (USA) INC. | $214.1M | 8.76% |
| JEFFERIES LLC | $196.7M | 8.04% |
| BANK OF MONTREAL | $158.7M | 6.49% |
| DEUTSCHE BANK | $123.8M | 5.06% |
| BAML | $113.4M | 4.64% |
| BMO CAPITAL | $99.8M | 4.08% |
SIMT Multi-Asset Accumulation Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SMOYX | Class Y | 1.09% | — |
| SAAAX | Class F | 1.34% | — |
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.