SDYAX Fees and Costs — SIMT Dynamic Asset Allocation Fund, Class F
Data updated: 2026-08-28
The net expense ratio is 1.18%: a 0.60% management fee plus 0.58% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $11K in broker commissions, 0.0015% of average net assets, and portfolio turnover was 8%.
SDYAX Fees and Expenses
Annual operating expenses and sales charges of SDYAX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.58% |
| Gross expense ratio | 1.18% |
| Fee waiver | — |
| Net expense ratio | 1.18% |
| 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 |
SDYAX Costs Over Time
On $10,000 invested in SDYAX, assuming 5% a year before costs, total costs come to $736 over 5 years, cutting the return by 1.24% 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 1.18%) | $124 | $386 | $668 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $124 | $405 | $736 |
| Value after costs | $10,376 | $11,171 | $12,026 |
| Impact on return, per year | 1.24% | 1.24% | 1.24% |
SDYAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0015%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $16.7M
- Portfolio turnover (prospectus): 8%
- Securities lending: none during the year
SDYAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $4K | 33.96% |
| GOLDMAN, SACHS & CO. | $4K | 32.44% |
| MORGAN STANLEY & CO, INC | $885 | 7.85% |
| BAML | $787 | 6.98% |
| BARCLAY BANK PLC | $714 | 6.34% |
| PIPER JAFFRAY | $440 | 3.91% |
| CITIGROUP | $428 | 3.80% |
| UBS SECURITIES | $306 | 2.71% |
| DIRECT TRADING INSTITUTIONAL INC | $116 | 1.03% |
| CITADEL | $110 | 0.97% |
SDYAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $16.7M | 100.00% |
SIMT Dynamic Asset Allocation Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SDYYX | Class Y | 0.93% | — |
| SDYAX | Class F | 1.18% | — |
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.