SESVX Fees and Costs — SIMT Small Cap Value Fund, Class F
Data updated: 2026-08-28
The net expense ratio is 1.24%: a 0.65% management fee plus 0.59% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $91K in broker commissions, 0.0256% of average net assets, and portfolio turnover was 48%.
SESVX Fees and Expenses
Annual operating expenses and sales charges of SESVX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.59% |
| Gross expense ratio | 1.24% |
| Fee waiver | — |
| Net expense ratio | 1.24% |
| 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 |
SESVX Costs Over Time
On $10,000 invested in SESVX, assuming 5% a year before costs, total costs come to $787 over 5 years, cutting the return by 1.33% 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 1.24%) | $130 | $405 | $701 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $21 | $72 |
| Total costs | $133 | $434 | $787 |
| Value after costs | $10,367 | $11,142 | $11,975 |
| Impact on return, per year | 1.33% | 1.33% | 1.33% |
SESVX 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): 0.0256%
- Total broker commissions: $91K
- Bought from dealers (principal trades, not a cost): $3.2M
- Portfolio turnover (prospectus): 48%
- Securities on loan, average value: $718K
- Net income from securities lending: $4K (0.001% of average net assets)
SESVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| LIQUIDNET | $48K | 52.49% |
| PERSHING LLC | $21K | 22.58% |
| ABEL NOSER CORPORATION | $12K | 12.86% |
| BAML | $5K | 5.89% |
| UBS SECURITIES | $2K | 2.66% |
| J P MORGAN CHASE BANK | $1K | 1.55% |
| JEFFERIES LLC | $1K | 1.20% |
| INSTINET | $470 | 0.51% |
| THEMIS TRADING LLC | $185 | 0.20% |
| RBC DAIN RAUSCHER INC. | $50 | 0.05% |
SESVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $3.2M | 100.00% |
SIMT Small Cap Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SPVYX | Class Y | 0.99% | — |
| SESVX | Class F | 1.24% | — |
| SMVIX | Class I | 1.49% | — |
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.