SEVIX Fees and Costs — SIMT U.S. Managed Volatility Fund, Class I
Data updated: 2026-08-28
The net expense ratio is 1.39%: a 0.55% management fee plus 0.84% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $92K in broker commissions, 0.0138% of average net assets, and portfolio turnover was 68%.
SEVIX Fees and Expenses
Annual operating expenses and sales charges of SEVIX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.84% |
| Gross expense ratio | 1.39% |
| Fee waiver | — |
| Net expense ratio | 1.39% |
| 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 |
SEVIX Costs Over Time
On $10,000 invested in SEVIX, assuming 5% a year before costs, total costs come to $871 over 5 years, cutting the return by 1.47% 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 1.39%) | $146 | $453 | $783 |
| Trading costs (broker commissions) | $1 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $23 | $80 |
| Total costs | $147 | $481 | $871 |
| Value after costs | $10,353 | $11,096 | $11,892 |
| Impact on return, per year | 1.47% | 1.47% | 1.47% |
SEVIX 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): 0.0138%
- Total broker commissions: $92K
- Bought from dealers (principal trades, not a cost): $13.4M
- Portfolio turnover (prospectus): 68%
- Securities on loan, average value: $695K
- Net income from securities lending: $17K (0.002% of average net assets)
SEVIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ITG | $24K | 29.31% |
| PIPER JAFFRAY | $13K | 16.08% |
| MORGAN STANLEY & CO, INC | $13K | 15.25% |
| NATIONAL BANK OF CANADA | $7K | 8.89% |
| JEFFERIES LLC | $6K | 7.17% |
| BAML | $6K | 6.73% |
| CITIGROUP | $5K | 6.52% |
| J P MORGAN CHASE BANK | $4K | 5.06% |
| RBC DAIN RAUSCHER INC. | $2K | 2.93% |
| BTIG | $2K | 2.07% |
SEVIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $13.4M | 100.00% |
SIMT U.S. Managed Volatility Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SUSYX | Class Y | 0.89% | — |
| SVOAX | Class F | 1.14% | — |
| SEVIX | Class I | 1.39% | — |
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.