SMAYX Fees and Costs — SIMT Small Cap Growth Fund, Class Y
Data updated: 2026-08-28
The net expense ratio is 0.99%: a 0.65% management fee plus 0.34% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $258K in broker commissions, 0.0762% of average net assets, and portfolio turnover was 155%.
SMAYX Fees and Expenses
Annual operating expenses and sales charges of SMAYX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.34% |
| Gross expense ratio | 0.99% |
| Fee waiver | — |
| Net expense ratio | 0.99% |
| 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 |
SMAYX Costs Over Time
On $10,000 invested in SMAYX, assuming 5% a year before costs, total costs come to $666 over 5 years, cutting the return by 1.12% 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 0.99%) | $104 | $324 | $562 |
| Trading costs (broker commissions) | $8 | $25 | $43 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $112 | $366 | $666 |
| Value after costs | $10,388 | $11,210 | $12,097 |
| Impact on return, per year | 1.12% | 1.12% | 1.12% |
SMAYX 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): 0.0762%
- Total broker commissions: $258K
- Bought from dealers (principal trades, not a cost): $2.4M
- Portfolio turnover (prospectus): 155%
- Securities on loan, average value: $954K
- Net income from securities lending: $626 (0.000% of average net assets)
SMAYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| LIQUIDNET | $98K | 38.00% |
| PERSHING LLC | $80K | 30.89% |
| ABEL NOSER CORPORATION | $30K | 11.54% |
| BAML | $16K | 6.22% |
| UBS SECURITIES | $16K | 6.04% |
| JEFFERIES LLC | $6K | 2.29% |
| INSTINET | $6K | 2.20% |
| THEMIS TRADING LLC | $3K | 1.29% |
| BAIRD, ROBERT W., & CO., INCORPORATED | $3K | 1.08% |
| J P MORGAN CHASE BANK | $1K | 0.45% |
SMAYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $2.4M | 100.00% |
SIMT Small Cap Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SMAYX | Class Y | 0.99% | — |
| SSCGX | Class F | 1.24% | — |
| SPWIX | Class I | 1.49% | — |
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.