SEIYX Fees and Costs — SIMT High Yield Bond Fund, Class I
Data updated: 2026-05-29
The net expense ratio is 1.30%: a 0.49% management fee plus 0.81% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $3K in broker commissions, 0.0003% of average net assets, and portfolio turnover was 66%.
SEIYX Fees and Expenses
Annual operating expenses and sales charges of SEIYX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.81% |
| Gross expense ratio | 1.30% |
| Fee waiver | — |
| Net expense ratio | 1.30% |
| 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 |
SEIYX Costs Over Time
On $10,000 invested in SEIYX, assuming 5% a year before costs, total costs come to $808 over 5 years, cutting the return by 1.37% 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 1.30%) | $136 | $425 | $734 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $21 | $74 |
| Total costs | $137 | $446 | $808 |
| Value after costs | $10,363 | $11,131 | $11,954 |
| Impact on return, per year | 1.37% | 1.37% | 1.37% |
SEIYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0003%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $1.6B
- Portfolio turnover (prospectus): 66%
- Securities lending: none during the year
SEIYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO, INC | $696 | 21.16% |
| BARCLAY BANK PLC | $672 | 20.42% |
| STIFEL NICOLAUS & CO., INC. | $583 | 17.72% |
| CANTOR FITZGERALD | $481 | 14.63% |
| TFS SECURITIES INC. | $381 | 11.58% |
| IMPERIAL CAPITAL | $248 | 7.55% |
| DIRECT TRADING INSTITUTIONAL INC | $82 | 2.48% |
| INSTINET | $79 | 2.39% |
| RBC DAIN RAUSCHER INC. | $40 | 1.21% |
| MACRO RISK ADVISOR | $28 | 0.85% |
SEIYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $249.0M | 18.98% |
| MORGAN STANLEY & CO, INC | $167.1M | 12.74% |
| BAML | $160.4M | 12.22% |
| J P MORGAN CHASE BANK | $158.6M | 12.09% |
| BARCLAY BANK PLC | $144.3M | 11.00% |
| JEFFERIES LLC | $112.6M | 8.58% |
| CITIGROUP | $107.2M | 8.17% |
| WELLS FARGO | $83.1M | 6.33% |
| RBC CAPITAL | $76.9M | 5.86% |
| DEUTSCHE BANK | $52.9M | 4.03% |
SIMT High Yield 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 |
|---|---|---|---|
| SIYYX | Class Y | 0.74% | — |
| SHYAX | Class F | 0.99% | — |
| SEIYX | Class I | 1.30% | — |
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.