SLDAX Fees and Costs — Siit Long Duration Credit Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 0.37%: a 0.30% management fee plus 0.07% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $58K in broker commissions, 0.0019% of average net assets, and portfolio turnover was 101%.
SLDAX Fees and Expenses
Annual operating expenses and sales charges of SLDAX. Prospectus, as of September 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.37% |
| Fee waiver | — |
| Net expense ratio | 0.37% |
| 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 |
SLDAX Costs Over Time
On $10,000 invested in SLDAX, assuming 5% a year before costs, total costs come to $236 over 5 years, cutting the return by 0.39% 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 0.37%) | $39 | $122 | $213 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $39 | $129 | $236 |
| Value after costs | $10,461 | $11,448 | $12,527 |
| Impact on return, per year | 0.39% | 0.39% | 0.39% |
SLDAX 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): 0.0019%
- Total broker commissions: $58K
- Bought from dealers (principal trades, not a cost): $6.3B
- Portfolio turnover (prospectus): 101%
- Securities lending: none during the year
SLDAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $27K | 46.62% |
| CITIGROUP | $18K | 31.21% |
| HSBC | $10K | 16.55% |
| BARCLAY BANK PLC | $1K | 1.92% |
| J P MORGAN CHASE BANK | $1K | 1.90% |
| MORGAN STANLEY & CO, INC | $882 | 1.52% |
| NOMURA | $141 | 0.24% |
| BAML | $20 | 0.03% |
| RJ O'BRIEN | $3 | 0.01% |
SLDAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BAML | $1.2B | 22.27% |
| J P MORGAN CHASE BANK | $658.0M | 12.67% |
| BARCLAY BANK PLC | $581.2M | 11.20% |
| BMO CAPITAL | $547.0M | 10.54% |
| GOLDMAN, SACHS & CO. | $509.9M | 9.82% |
| MORGAN STANLEY & CO, INC | $477.9M | 9.21% |
| CITADEL | $464.9M | 8.96% |
| DEUTSCHE BANK SECURITIES, INC. | $349.0M | 6.72% |
| CITIGROUP | $308.8M | 5.95% |
| HSBC | $138.9M | 2.68% |
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.