SDFSX Fees and Costs — Sit Small Cap Dividend Growth Fund, Class S
Data updated: 2026-09-08
The net expense ratio is 1.15%. This share class carries a redemption fee of 2.00%. In fiscal 2026 the fund paid $8K in broker commissions, 0.0176% of average net assets, and portfolio turnover was 12%.
SDFSX Fees and Expenses
Annual operating expenses and sales charges of SDFSX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.25% |
| Other expenses | — |
| Gross expense ratio | 1.15% |
| Fee waiver | — |
| Net expense ratio | 1.15% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
SDFSX Costs Over Time
On $10,000 invested in SDFSX, assuming 5% a year before costs, total costs come to $728 over 5 years, cutting the return by 1.23% 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 1.15%) | $121 | $376 | $651 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $123 | $401 | $728 |
| Value after costs | $10,377 | $11,175 | $12,035 |
| Impact on return, per year | 1.23% | 1.23% | 1.23% |
SDFSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0176%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 12%
- Securities lending: none during the year
SDFSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $3K | 40.99% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $1K | 15.36% |
| BARCLAYS CAPITAL, INC. | $732 | 9.49% |
| RBC CAPITAL MARKETS, LLC | $558 | 7.24% |
| LIQUIDNET, INC. | $539 | 6.99% |
| GOLDMAN SACHS & CO. LLC | $452 | 5.86% |
| PIPER SANDLER & CO. | $355 | 4.60% |
| TD SECURITIES (USA) LLC | $355 | 4.60% |
| WILLIAM BLAIR & COMPANY, L.L.C. | $217 | 2.81% |
| CITIGROUP GLOBAL MARKETS INC. | $158 | 2.05% |
Sit Small Cap Dividend Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SSCDX | Class I | 0.90% | — |
| SDFSX | Class S | 1.15% | — |
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.