SEFIX Fees and Costs — SIT International Fixed Income Fund, Class F
Data updated: 2026-08-28
The net expense ratio is 1.04%: a 0.30% management fee plus 0.74% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $32K in broker commissions, 0.0088% of average net assets, and portfolio turnover was 87%.
SEFIX Fees and Expenses
Annual operating expenses and sales charges of SEFIX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.74% |
| Gross expense ratio | 1.04% |
| Fee waiver | — |
| Net expense ratio | 1.04% |
| 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 |
SEFIX Costs Over Time
On $10,000 invested in SEFIX, assuming 5% a year before costs, total costs come to $655 over 5 years, cutting the return by 1.10% 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 1.04%) | $109 | $341 | $590 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $110 | $360 | $655 |
| Value after costs | $10,390 | $11,216 | $12,107 |
| Impact on return, per year | 1.10% | 1.10% | 1.10% |
SEFIX 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): 0.0088%
- Total broker commissions: $32K
- Bought from dealers (principal trades, not a cost): $797.4M
- Portfolio turnover (prospectus): 87%
- Securities lending: none during the year
SEFIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $10K | 29.98% |
| MORGAN STANLEY & CO, INC | $8K | 24.20% |
| BNP PARIBAS | $5K | 16.88% |
| CITIGROUP | $5K | 16.79% |
| J P MORGAN CHASE BANK | $3K | 7.96% |
| BARCLAY BANK PLC | $574 | 1.79% |
| RBC CAPITAL | $339 | 1.06% |
| BAML | $312 | 0.97% |
| UBS SECURITIES | $84 | 0.26% |
| ROYAL BANK CANADA | $38 | 0.12% |
SEFIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP | $119.1M | 20.86% |
| GOLDMAN, SACHS & CO. | $64.5M | 11.30% |
| BNP PARIBAS | $61.7M | 10.81% |
| BARCLAY BANK PLC | $60.9M | 10.67% |
| MORGAN STANLEY & CO, INC | $52.8M | 9.24% |
| NOMURA | $52.1M | 9.13% |
| MITSUBISHI SEC | $50.4M | 8.83% |
| J P MORGAN CHASE BANK | $40.9M | 7.16% |
| DEUTSCHE BANK | $34.8M | 6.10% |
| BAML | $33.6M | 5.88% |
SIT International Fixed Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SIFIX | Class Y | 0.79% | — |
| SEFIX | Class F | 1.04% | — |
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.