SLPAX Fees and Costs — Siit Small Cap Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 0.72%: a 0.65% management fee plus 0.07% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $324K in broker commissions, 0.1684% of average net assets, and portfolio turnover was 125%.
SLPAX Fees and Expenses
Annual operating expenses and sales charges of SLPAX. Prospectus, as of September 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.72% |
| Fee waiver | — |
| Net expense ratio | 0.72% |
| 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 |
SLPAX Costs Over Time
On $10,000 invested in SLPAX, assuming 5% a year before costs, total costs come to $557 over 5 years, cutting the return by 0.93% 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 0.72%) | $76 | $236 | $410 |
| Trading costs (broker commissions) | $18 | $55 | $96 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $93 | $306 | $557 |
| Value after costs | $10,407 | $11,270 | $12,206 |
| Impact on return, per year | 0.93% | 0.93% | 0.93% |
SLPAX 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): 0.1684%
- Total broker commissions: $324K
- Bought from dealers (principal trades, not a cost): $4.6M
- Portfolio turnover (prospectus): 125%
- Securities lending: none during the year
SLPAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SANFORD C. BERNSTEIN & CO., LLC | $115K | 41.65% |
| INSTINET | $113K | 40.91% |
| MORGAN STANLEY & CO, INC | $19K | 6.86% |
| BAML | $7K | 2.46% |
| PIPER SANDLER | $5K | 1.75% |
| STIFEL NICOLAUS & CO., INC. | $4K | 1.58% |
| J P MORGAN CHASE BANK | $4K | 1.42% |
| UBS SECURITIES | $3K | 1.19% |
| GOLDMAN, SACHS & CO. | $3K | 1.16% |
| BLAIR, WILLIAM, & COMPANY, L.L.C. | $3K | 1.02% |
SLPAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $4.6M | 99.23% |
| PIPER SANDLER | $25K | 0.55% |
| RBC CAPITAL | $5K | 0.10% |
| GOLDMAN, SACHS & CO. | $4K | 0.08% |
| INSTINET | $2K | 0.04% |
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.