SEIAX Fees and Costs — Siit Multi-Asset Real Return Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 0.66%: a 0.55% management fee plus 0.11% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $112K in broker commissions, 0.0138% of average net assets, and portfolio turnover was 55%.
SEIAX Fees and Expenses
Annual operating expenses and sales charges of SEIAX. Prospectus, as of September 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.11% |
| Gross expense ratio | 0.66% |
| Fee waiver | — |
| Net expense ratio | 0.66% |
| 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 |
SEIAX Costs Over Time
On $10,000 invested in SEIAX, assuming 5% a year before costs, total costs come to $424 over 5 years, cutting the return by 0.71% 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 0.66%) | $69 | $217 | $378 |
| Trading costs (broker commissions) | $1 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $71 | $232 | $424 |
| Value after costs | $10,429 | $11,344 | $12,339 |
| Impact on return, per year | 0.71% | 0.71% | 0.71% |
SEIAX 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): 0.0138%
- Total broker commissions: $112K
- Bought from dealers (principal trades, not a cost): $428.1M
- Portfolio turnover (prospectus): 55%
- Securities lending: none during the year
SEIAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL | $20K | 20.14% |
| ALLIANCE BERNSTEIN | $15K | 14.28% |
| J P MORGAN CHASE BANK | $13K | 12.71% |
| MORGAN STANLEY & CO, INC | $10K | 9.49% |
| UBS SECURITIES | $9K | 9.06% |
| GOLDMAN, SACHS & CO. | $9K | 8.74% |
| SANFORD C. BERNSTEIN & CO., LLC | $8K | 8.06% |
| BARCLAY BANK PLC | $7K | 6.41% |
| PETERCAM BRUSSELS | $6K | 6.22% |
| COWEN | $5K | 4.91% |
SEIAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $99.0M | 24.50% |
| GOLDMAN, SACHS & CO. | $84.3M | 20.87% |
| BAML | $84.2M | 20.83% |
| BARCLAY BANK PLC | $67.2M | 16.62% |
| CITADEL | $22.2M | 5.49% |
| CITIGROUP | $18.3M | 4.53% |
| MORGAN STANLEY & CO, INC | $10.4M | 2.57% |
| NOMURA | $8.2M | 2.04% |
| WACHOVIA CAPITAL MARKETS | $5.6M | 1.38% |
| DEUTSCHE BANK SECURITIES, INC. | $4.8M | 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.