SGYAX Fees and Costs — Siit High Yield Bond Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 0.56%: a 0.49% management fee plus 0.07% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $11K in broker commissions, 0.0005% of average net assets, and portfolio turnover was 68%.
SGYAX Fees and Expenses
Annual operating expenses and sales charges of SGYAX. Prospectus, as of September 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.56% |
| Fee waiver | — |
| Net expense ratio | 0.56% |
| 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 |
SGYAX Costs Over Time
On $10,000 invested in SGYAX, assuming 5% a year before costs, total costs come to $354 over 5 years, cutting the return by 0.59% 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 0.56%) | $59 | $184 | $321 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $59 | $194 | $354 |
| Value after costs | $10,441 | $11,383 | $12,409 |
| Impact on return, per year | 0.59% | 0.59% | 0.59% |
SGYAX 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): 0.0005%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $2.7B
- Portfolio turnover (prospectus): 68%
- Securities lending: none during the year
SGYAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| STIFEL NICOLAUS & CO., INC. | $6K | 74.83% |
| GOLDMAN, SACHS & CO. | $702 | 9.40% |
| J P MORGAN CHASE BANK | $346 | 4.63% |
| TRADITION ASIEL SECURITIES INC. | $284 | 3.80% |
| TD SECURITIES (USA) INC. | $280 | 3.74% |
| BTIG | $108 | 1.45% |
| BAY CREST PARTNERS, LLC | $56 | 0.74% |
| VIRTU FINANCIAL BD LLC | $53 | 0.72% |
| PIPER, G W, & COMPANY, INC. | $36 | 0.48% |
| COMPASS POINT | $15 | 0.20% |
SGYAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $351.7M | 16.69% |
| GOLDMAN, SACHS & CO. | $345.2M | 16.39% |
| MORGAN STANLEY & CO, INC | $302.3M | 14.35% |
| BARCLAY BANK PLC | $254.9M | 12.10% |
| CITIGROUP | $174.0M | 8.26% |
| BAML | $167.9M | 7.97% |
| JANE STREET EXECUTION SERVICES | $162.9M | 7.73% |
| JEFFERIES LLC | $157.3M | 7.47% |
| WELLS FARGO | $124.8M | 5.93% |
| RBC CAPITAL | $65.5M | 3.11% |
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.