SLCAX Fees and Costs — Siit Large Cap Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 0.47%: a 0.40% management fee plus 0.07% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $152K in broker commissions, 0.0230% of average net assets, and portfolio turnover was 81%.
SLCAX Fees and Expenses
Annual operating expenses and sales charges of SLCAX. Prospectus, as of September 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.47% |
| Fee waiver | — |
| Net expense ratio | 0.47% |
| 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 |
SLCAX Costs Over Time
On $10,000 invested in SLCAX, assuming 5% a year before costs, total costs come to $312 over 5 years, cutting the return by 0.52% 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 0.47%) | $49 | $155 | $270 |
| Trading costs (broker commissions) | $2 | $8 | $13 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $52 | $170 | $312 |
| Value after costs | $10,448 | $11,406 | $12,451 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
SLCAX 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): 0.0230%
- Total broker commissions: $152K
- Bought from dealers (principal trades, not a cost): $21.7M
- Portfolio turnover (prospectus): 81%
- Securities lending: none during the year
SLCAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET | $15K | 16.68% |
| SG COWEN | $14K | 16.18% |
| MORGAN STANLEY & CO, INC | $10K | 11.97% |
| J P MORGAN CHASE BANK | $10K | 11.91% |
| JEFFERIES LLC | $9K | 10.18% |
| OPPENHEIMER & ASSOCIATES | $7K | 8.07% |
| BAY CREST PARTNERS, LLC | $7K | 7.70% |
| PIPER JAFFRAY | $5K | 5.82% |
| ISI GROUP, INC. | $5K | 5.75% |
| SANFORD C. BERNSTEIN & CO., LLC | $5K | 5.74% |
SLCAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $19.0M | 87.54% |
| GOLDMAN, SACHS & CO. | $1.7M | 8.01% |
| BAML | $330K | 1.52% |
| JEFFERIES LLC | $205K | 0.95% |
| LEERINK SWANN AND COMPANY | $163K | 0.75% |
| RAYMOND JAMES | $93K | 0.43% |
| WELLS FARGO | $81K | 0.38% |
| BAY CREST | $55K | 0.25% |
| MORGAN STANLEY & CO, INC | $36K | 0.17% |
| CITIGROUP | $2K | 0.01% |
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.