SEEIX Fees and Costs — SIT International Equity Fund, Class I
Data updated: 2026-08-28
The net expense ratio is 1.37%: a 0.51% management fee plus 0.86% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2.5M in broker commissions, 0.0703% of average net assets, and portfolio turnover was 89%.
SEEIX Fees and Expenses
Annual operating expenses and sales charges of SEEIX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.51% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.86% |
| Gross expense ratio | 1.37% |
| Fee waiver | — |
| Net expense ratio | 1.37% |
| 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 |
SEEIX Costs Over Time
On $10,000 invested in SEEIX, assuming 5% a year before costs, total costs come to $893 over 5 years, cutting the return by 1.51% 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 1.37%) | $144 | $447 | $771 |
| Trading costs (broker commissions) | $7 | $23 | $40 |
| Lost growth on money paid in costs | $0 | $23 | $82 |
| Total costs | $151 | $493 | $893 |
| Value after costs | $10,349 | $11,083 | $11,870 |
| Impact on return, per year | 1.51% | 1.51% | 1.51% |
SEEIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0703%
- Total broker commissions: $2.5M
- Bought from dealers (principal trades, not a cost): $723.4M
- Portfolio turnover (prospectus): 89%
- Securities lending: none during the year
SEEIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MACQUARIE CAPITAL | $565K | 28.03% |
| BTIG | $264K | 13.07% |
| J P MORGAN CHASE BANK | $231K | 11.48% |
| Bank Of America???Merrill | $193K | 9.57% |
| SANFORD C. BERNSTEIN & CO., LLC | $175K | 8.68% |
| GOLDMAN, SACHS & CO. | $152K | 7.54% |
| UBS SECURITIES | $122K | 6.07% |
| BAML | $119K | 5.88% |
| MORGAN STANLEY & CO, INC | $106K | 5.26% |
| ITG | $89K | 4.43% |
SEEIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BAML | $289.5M | 40.02% |
| J P MORGAN CHASE BANK | $212.1M | 29.32% |
| MORGAN STANLEY & CO, INC | $119.8M | 16.56% |
| CITIGROUP | $102.0M | 14.10% |
SIT International Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SEFCX | Class Y | 0.87% | — |
| SEITX | Class F | 1.12% | — |
| SEEIX | Class I | 1.37% | — |
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.