SMINX Fees and Costs — SIMT Tax-Managed International Managed Volatility Fund, Class F
Data updated: 2026-08-28
The net expense ratio is 1.38%: a 0.65% management fee plus 0.73% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $150K in broker commissions, 0.0498% of average net assets, and portfolio turnover was 66%.
SMINX Fees and Expenses
Annual operating expenses and sales charges of SMINX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.73% |
| Gross expense ratio | 1.38% |
| Fee waiver | — |
| Net expense ratio | 1.38% |
| 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 |
SMINX Costs Over Time
On $10,000 invested in SMINX, assuming 5% a year before costs, total costs come to $887 over 5 years, cutting the return by 1.50% 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 1.38%) | $145 | $450 | $777 |
| Trading costs (broker commissions) | $5 | $16 | $28 |
| Lost growth on money paid in costs | $0 | $23 | $82 |
| Total costs | $150 | $489 | $887 |
| Value after costs | $10,350 | $11,087 | $11,876 |
| Impact on return, per year | 1.50% | 1.50% | 1.50% |
SMINX 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): 0.0498%
- Total broker commissions: $150K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 66%
- Securities on loan, average value: $2.5M
- Net income from securities lending: $31K (0.010% of average net assets)
SMINX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP | $48K | 32.50% |
| J P MORGAN CHASE BANK | $29K | 19.60% |
| UBS SECURITIES | $22K | 15.09% |
| INSTINET | $21K | 14.05% |
| H & R BLOCK FINANCIAL ADVISORS, INC. | $10K | 6.66% |
| MACQUARIE CAPITAL | $6K | 3.75% |
| DAIWA SECURITIES AMERICA, INC. | $4K | 2.75% |
| PEEL HUNT INCORPORATED | $4K | 2.56% |
| HSBC | $2K | 1.56% |
| CLSA LTD | $2K | 1.48% |
SIMT Tax-Managed International Managed Volatility Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SIMYX | Class Y | 1.13% | — |
| SMINX | Class F | 1.38% | — |
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.