SCPAX Fees and Costs — Siit Large Cap Disciplined Equity Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 0.47%: a 0.40% management fee plus 0.07% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $295K in broker commissions, 0.0212% of average net assets, and portfolio turnover was 111%.
SCPAX Fees and Expenses
Annual operating expenses and sales charges of SCPAX. Prospectus, as of September 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.47% |
| Fee waiver | — |
| Net expense ratio | 0.47% |
| 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 |
SCPAX Costs Over Time
On $10,000 invested in SCPAX, assuming 5% a year before costs, total costs come to $310 over 5 years, cutting the return by 0.52% 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 0.47%) | $49 | $155 | $270 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $52 | $170 | $310 |
| Value after costs | $10,448 | $11,406 | $12,452 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
SCPAX 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): 0.0212%
- Total broker commissions: $295K
- Bought from dealers (principal trades, not a cost): $249.6M
- Portfolio turnover (prospectus): 111%
- Securities lending: none during the year
SCPAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO, INC | $47K | 19.90% |
| CITATION GROUP/MERRILL LYNCH | $47K | 19.88% |
| J P MORGAN CHASE BANK | $42K | 18.01% |
| GOLDMAN, SACHS & CO. | $39K | 16.59% |
| LIQUIDNET | $18K | 7.70% |
| SCOTIABANK EUROPE PLC | $11K | 4.75% |
| INSTINET | $10K | 4.42% |
| JEFFERIES LLC | $8K | 3.43% |
| WEEDEN & COMPANY | $6K | 2.67% |
| PIPER JAFFRAY | $6K | 2.66% |
SCPAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $146.5M | 58.71% |
| MORGAN STANLEY & CO, INC | $29.6M | 11.85% |
| CAROLAN & COMPANY, INC. | $29.6M | 11.84% |
| FERRIS, BAKER WATTS, INC. | $29.2M | 11.71% |
| CSFB | $14.4M | 5.79% |
| WELLS FARGO | $239K | 0.10% |
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.