SCFYX Fees and Costs — SIMT Core Fixed Income Fund, Class Y
Data updated: 2026-08-28
The net expense ratio is 0.49%: a 0.28% management fee plus 0.21% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $479K in broker commissions, 0.0136% of average net assets, and portfolio turnover was 394%.
SCFYX Fees and Expenses
Annual operating expenses and sales charges of SCFYX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.28% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.21% |
| Gross expense ratio | 0.49% |
| Fee waiver | — |
| Net expense ratio | 0.49% |
| 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 |
SCFYX Costs Over Time
On $10,000 invested in SCFYX, assuming 5% a year before costs, total costs come to $318 over 5 years, cutting the return by 0.53% 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 0.49%) | $51 | $161 | $281 |
| Trading costs (broker commissions) | $1 | $4 | $8 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $53 | $174 | $318 |
| Value after costs | $10,447 | $11,402 | $12,445 |
| Impact on return, per year | 0.53% | 0.53% | 0.53% |
SCFYX 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): 0.0136%
- Total broker commissions: $479K
- Bought from dealers (principal trades, not a cost): $23.2B
- Portfolio turnover (prospectus): 394%
- Securities on loan, average value: $29.8M
- Net income from securities lending: $218K (0.006% of average net assets)
SCFYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ADVANTAGE CAPITAL CORPORATION | $240K | 51.40% |
| MORGAN STANLEY & CO, INC | $78K | 16.60% |
| CITIGROUP | $48K | 10.23% |
| UBS SECURITIES | $37K | 7.84% |
| GOLDMAN, SACHS & CO. | $29K | 6.23% |
| RJ O'BRIEN | $11K | 2.33% |
| HSBC | $8K | 1.76% |
| J P MORGAN CHASE BANK | $7K | 1.54% |
| BAML | $6K | 1.20% |
| JEFFERIES LLC | $4K | 0.87% |
SCFYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BAML | $3.3B | 18.46% |
| MORGAN STANLEY & CO, INC | $2.7B | 15.34% |
| GOLDMAN, SACHS & CO. | $2.7B | 15.18% |
| J P MORGAN CHASE BANK | $2.2B | 12.14% |
| CITIGROUP | $1.8B | 10.05% |
| CITADEL | $1.4B | 7.67% |
| MIZUHO SECURITIES | $1.1B | 6.20% |
| BMO CAPITAL | $995.9M | 5.58% |
| BARCLAY BANK PLC | $867.8M | 4.86% |
| DEUTSCHE BANK | $807.2M | 4.52% |
SIMT Core Fixed Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SCFYX | Class Y | 0.49% | — |
| TRLVX | Class F | 0.74% | — |
| SCXIX | Class I | 0.99% | — |
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.