SGMAX Fees and Costs — Siit Global Managed Volatility Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 0.72%: a 0.65% management fee plus 0.07% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $326K in broker commissions, 0.0178% of average net assets, and portfolio turnover was 43%.
SGMAX Fees and Expenses
Annual operating expenses and sales charges of SGMAX. Prospectus, as of September 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.72% |
| Fee waiver | — |
| Net expense ratio | 0.72% |
| 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 |
SGMAX Costs Over Time
On $10,000 invested in SGMAX, assuming 5% a year before costs, total costs come to $464 over 5 years, cutting the return by 0.77% 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 0.72%) | $76 | $237 | $411 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $77 | $254 | $464 |
| Value after costs | $10,423 | $11,322 | $12,299 |
| Impact on return, per year | 0.77% | 0.77% | 0.77% |
SGMAX 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): 0.0178%
- Total broker commissions: $326K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 43%
- Securities lending: none during the year
SGMAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO, INC | $79K | 26.84% |
| BAML | $55K | 18.55% |
| CITIGROUP | $46K | 15.72% |
| J P MORGAN CHASE BANK | $37K | 12.45% |
| UBS SECURITIES | $25K | 8.43% |
| BARCLAY BANK PLC | $21K | 7.02% |
| JEFFERIES LLC | $15K | 5.15% |
| WEEDEN & COMPANY | $6K | 2.09% |
| INSTINET | $6K | 1.98% |
| GOLDMAN, SACHS & CO. | $5K | 1.77% |
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.