SEDAX Fees and Costs — Siit Emerging Markets Debt Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 0.70%: a 0.60% management fee plus 0.10% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $3K in broker commissions, 0.0002% of average net assets, and portfolio turnover was 91%.
SEDAX Fees and Expenses
Annual operating expenses and sales charges of SEDAX. Prospectus, as of September 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.70% |
| Fee waiver | — |
| Net expense ratio | 0.70% |
| 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 |
SEDAX Costs Over Time
On $10,000 invested in SEDAX, assuming 5% a year before costs, total costs come to $441 over 5 years, cutting the return by 0.74% 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 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $74 | $241 | $441 |
| Value after costs | $10,426 | $11,335 | $12,322 |
| Impact on return, per year | 0.74% | 0.74% | 0.74% |
SEDAX 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): 0.0002%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $3.4B
- Portfolio turnover (prospectus): 91%
- Securities lending: none during the year
SEDAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $3K | 100.00% |
SEDAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $460.0M | 20.00% |
| CITIGROUP | $280.8M | 12.21% |
| HSBC | $225.8M | 9.82% |
| MORGAN STANLEY & CO, INC | $220.1M | 9.57% |
| DEUTSCHE BANK SECURITIES, INC. | $204.8M | 8.90% |
| GOLDMAN, SACHS & CO. | $194.8M | 8.47% |
| BARCLAY BANK PLC | $194.0M | 8.43% |
| BAML | $186.5M | 8.11% |
| SCB SECURITIES | $183.1M | 7.96% |
| JEFFERIES LLC | $150.6M | 6.55% |
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.