SIDCX Fees and Costs — Siit Intermediate Duration Credit Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 0.32%: a 0.25% management fee plus 0.07% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $26K in broker commissions, 0.0007% of average net assets, and portfolio turnover was 148%.
SIDCX Fees and Expenses
Annual operating expenses and sales charges of SIDCX. Prospectus, as of September 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.32% |
| Fee waiver | — |
| Net expense ratio | 0.32% |
| 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 |
SIDCX Costs Over Time
On $10,000 invested in SIDCX, assuming 5% a year before costs, total costs come to $203 over 5 years, cutting the return by 0.34% 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 0.32%) | $34 | $106 | $184 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $5 | $19 |
| Total costs | $34 | $111 | $203 |
| Value after costs | $10,466 | $11,465 | $12,559 |
| Impact on return, per year | 0.34% | 0.34% | 0.34% |
SIDCX 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): 0.0007%
- Total broker commissions: $26K
- Bought from dealers (principal trades, not a cost): $11.9B
- Portfolio turnover (prospectus): 148%
- Securities lending: none during the year
SIDCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| HSBC | $26K | 99.62% |
| BAML | $99 | 0.38% |
SIDCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BAML | $2.3B | 24.79% |
| GOLDMAN, SACHS & CO. | $1.2B | 13.15% |
| J P MORGAN CHASE BANK | $925.2M | 9.81% |
| MORGAN STANLEY & CO, INC | $894.3M | 9.49% |
| BMO CAPITAL | $736.6M | 7.81% |
| DEUTSCHE BANK SECURITIES, INC. | $733.4M | 7.78% |
| CITIGROUP | $725.4M | 7.69% |
| BARCLAY BANK PLC | $722.2M | 7.66% |
| CITADEL | $660.8M | 7.01% |
| HSBC | $452.9M | 4.80% |
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.