SDMGX Fees and Costs — Sit Developing Markets Growth Fund
Data updated: 2026-09-08
The net expense ratio is 0.99%. This share class carries a redemption fee of 2.00%. In fiscal 2026 the fund paid $1K in broker commissions, 0.0117% of average net assets, and portfolio turnover was 3%.
SDMGX Fees and Expenses
Annual operating expenses and sales charges of SDMGX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.99% |
| Fee waiver | — |
| Net expense ratio | 0.99% |
| 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 |
SDMGX Costs Over Time
On $10,000 invested in SDMGX, assuming 5% a year before costs, total costs come to $627 over 5 years, cutting the return by 1.05% 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 0.99%) | $104 | $324 | $562 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $105 | $344 | $627 |
| Value after costs | $10,395 | $11,232 | $12,136 |
| Impact on return, per year | 1.05% | 1.05% | 1.05% |
SDMGX 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): 0.0117%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 3%
- Securities lending: none during the year
SDMGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| DBS VICKERS SECURITIES (USA) INC. | $1K | 83.99% |
| J.P. Morgan Securities LLC | $59 | 4.18% |
| CITIGROUP GLOBAL MARKETS INC. | $48 | 3.40% |
| Pershing LLC | $41 | 2.90% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $32 | 2.27% |
| TD SECURITIES (USA) LLC | $15 | 1.06% |
| BARCLAYS CAPITAL, INC. | $10 | 0.71% |
| LIQUIDNET, INC. | $9 | 0.64% |
| MIZUHO SECURITIES USA LLC | $8 | 0.57% |
| RBC CAPITAL MARKETS, LLC | $4 | 0.28% |
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.