SECPX Fees and Costs — SDIT Ultra Short Duration Bond Fund, Class F
Data updated: 2026-09-29
The net expense ratio is 0.62%: a 0.10% management fee plus 0.52% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $660 in broker commissions, 0.0003% of average net assets, and portfolio turnover was 78%.
SECPX Fees and Expenses
Annual operating expenses and sales charges of SECPX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.10% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.52% |
| Gross expense ratio | 0.62% |
| Fee waiver | — |
| Net expense ratio | 0.62% |
| 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 |
SECPX Costs Over Time
On $10,000 invested in SECPX, assuming 5% a year before costs, total costs come to $391 over 5 years, cutting the return by 0.65% 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 0.62%) | $65 | $204 | $355 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $65 | $214 | $391 |
| Value after costs | $10,435 | $11,362 | $12,372 |
| Impact on return, per year | 0.65% | 0.65% | 0.65% |
SECPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0003%
- Total broker commissions: $660
- Bought from dealers (principal trades, not a cost): $479.7M
- Portfolio turnover (prospectus): 78%
- Securities lending: none during the year
SECPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $178 | 26.87% |
| MORGAN STANLEY & CO, INC | $152 | 23.03% |
| BARCLAY BANK PLC | $113 | 17.17% |
| RBC CAPITAL | $73 | 11.02% |
| MONTGOMERY/BANK OF AMERICA | $67 | 10.17% |
| CITIGROUP | $48 | 7.27% |
| GOLDMAN, SACHS & CO. | $30 | 4.47% |
SECPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNP PARIBAS | $143.0M | 39.75% |
| MONTGOMERY/BANK OF AMERICA | $38.1M | 10.58% |
| CHASE SECURITIES, INC. | $36.2M | 10.06% |
| CREDIT AGRICOLE SECURITIES (USA) INC. | $30.0M | 8.34% |
| GOLDMAN, SACHS & CO. | $25.3M | 7.04% |
| MORGAN STANLEY & CO, INC | $20.5M | 5.70% |
| BARCLAY BANK PLC | $19.1M | 5.30% |
| WELLS FARGO | $18.4M | 5.12% |
| CITIGROUP | $17.4M | 4.85% |
| RBC CAPITAL | $11.7M | 3.26% |
SDIT Ultra Short Duration Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SECYX | Class Y | 0.37% | — |
| SECPX | Class F | 0.62% | — |
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.