SLLAX Fees and Costs — SIMT Small Cap Fund, Class F
Data updated: 2026-08-28
The net expense ratio is 1.23%: a 0.65% management fee plus 0.58% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $457K in broker commissions, 0.0801% of average net assets, and portfolio turnover was 80%.
SLLAX Fees and Expenses
Annual operating expenses and sales charges of SLLAX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.58% |
| Gross expense ratio | 1.23% |
| Fee waiver | — |
| Net expense ratio | 1.23% |
| 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 |
SLLAX Costs Over Time
On $10,000 invested in SLLAX, assuming 5% a year before costs, total costs come to $814 over 5 years, cutting the return by 1.38% 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 1.23%) | $129 | $402 | $694 |
| Trading costs (broker commissions) | $8 | $26 | $45 |
| Lost growth on money paid in costs | $0 | $21 | $75 |
| Total costs | $138 | $449 | $814 |
| Value after costs | $10,362 | $11,127 | $11,948 |
| Impact on return, per year | 1.38% | 1.38% | 1.38% |
SLLAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0801%
- Total broker commissions: $457K
- Bought from dealers (principal trades, not a cost): $7.0M
- Portfolio turnover (prospectus): 80%
- Securities on loan, average value: $145K
- Net income from securities lending: $4K (0.001% of average net assets)
SLLAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET | $199K | 43.58% |
| SANFORD C. BERNSTEIN & CO., LLC | $80K | 17.56% |
| PERSHING LLC | $59K | 12.83% |
| LIQUIDNET | $47K | 10.29% |
| UBS SECURITIES | $30K | 6.63% |
| ABEL NOSER CORPORATION | $17K | 3.83% |
| BAML | $10K | 2.29% |
| JEFFERIES LLC | $7K | 1.50% |
| BAIRD, ROBERT W., & CO., INCORPORATED | $4K | 0.87% |
| J P MORGAN CHASE BANK | $3K | 0.62% |
SLLAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $7.0M | 100.00% |
SIMT Small Cap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SMYFX | Class Y | 0.98% | — |
| SLLAX | Class F | 1.23% | — |
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.