SDLAX Fees and Costs — Siit Dynamic Asset Allocation Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 0.67%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $21K in broker commissions, 0.0011% of average net assets, and portfolio turnover was 19%.
SDLAX Fees and Expenses
Annual operating expenses and sales charges of SDLAX. Prospectus, as of September 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 0.67% |
| Fee waiver | — |
| Net expense ratio | 0.67% |
| 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 |
SDLAX Costs Over Time
On $10,000 invested in SDLAX, assuming 5% a year before costs, total costs come to $423 over 5 years, cutting the return by 0.70% 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 0.67%) | $70 | $220 | $383 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $70 | $232 | $423 |
| Value after costs | $10,430 | $11,345 | $12,340 |
| Impact on return, per year | 0.70% | 0.70% | 0.70% |
SDLAX 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): 0.0011%
- Total broker commissions: $21K
- Bought from dealers (principal trades, not a cost): $425.1M
- Portfolio turnover (prospectus): 19%
- Securities lending: none during the year
SDLAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $12K | 55.28% |
| J P MORGAN CHASE BANK | $4K | 21.11% |
| BARCLAY BANK PLC | $2K | 7.56% |
| MORGAN STANLEY & CO, INC | $1K | 5.32% |
| CITADEL SECURITIES | $903 | 4.29% |
| BAML | $547 | 2.60% |
| CITIGROUP | $376 | 1.79% |
| PIPER JAFFRAY | $360 | 1.71% |
| UBS SECURITIES | $37 | 0.18% |
| FIDELITY CAPITAL MARKETS | $34 | 0.16% |
SDLAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $232.2M | 54.62% |
| GOLDMAN, SACHS & CO. | $192.9M | 45.38% |
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.