SCOAX Fees and Costs — Siit Core Fixed Income Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 0.37%: a 0.30% management fee plus 0.07% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $187K in broker commissions, 0.0019% of average net assets, and portfolio turnover was 260%.
SCOAX Fees and Expenses
Annual operating expenses and sales charges of SCOAX. Prospectus, as of September 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.37% |
| Fee waiver | — |
| Net expense ratio | 0.37% |
| 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 |
SCOAX Costs Over Time
On $10,000 invested in SCOAX, assuming 5% a year before costs, total costs come to $236 over 5 years, cutting the return by 0.39% 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 0.37%) | $39 | $122 | $213 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $39 | $129 | $236 |
| Value after costs | $10,461 | $11,448 | $12,527 |
| Impact on return, per year | 0.39% | 0.39% | 0.39% |
SCOAX 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): 0.0019%
- Total broker commissions: $187K
- Bought from dealers (principal trades, not a cost): $68.7B
- Portfolio turnover (prospectus): 260%
- Securities lending: none during the year
SCOAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $72K | 38.65% |
| CITIGROUP | $55K | 29.46% |
| HSBC | $54K | 28.56% |
| BARCLAY BANK PLC | $5K | 2.91% |
| J P MORGAN CHASE BANK | $591 | 0.32% |
| NOMURA | $130 | 0.07% |
| MORGAN STANLEY & CO, INC | $79 | 0.04% |
SCOAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $9.8B | 18.23% |
| BARCLAY BANK PLC | $8.6B | 15.92% |
| J P MORGAN CHASE BANK | $6.6B | 12.29% |
| BAML | $5.4B | 10.06% |
| CITADEL | $5.3B | 9.85% |
| MORGAN STANLEY & CO, INC | $5.0B | 9.28% |
| BMO CAPITAL | $4.4B | 8.23% |
| CITIGROUP | $3.0B | 5.51% |
| DEUTSCHE BANK SECURITIES, INC. | $2.9B | 5.31% |
| WELLS FARGO | $2.9B | 5.31% |
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.