SMLYX Fees and Costs — SIMT Multi-Asset Capital Stability Fund, Class Y
Data updated: 2026-08-28
The net expense ratio is 0.73%: a 0.40% management fee plus 0.33% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $52K in broker commissions, 0.0097% of average net assets, and portfolio turnover was 260%.
SMLYX Fees and Expenses
Annual operating expenses and sales charges of SMLYX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.33% |
| Gross expense ratio | 0.73% |
| Fee waiver | — |
| Net expense ratio | 0.73% |
| 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 |
SMLYX Costs Over Time
On $10,000 invested in SMLYX, assuming 5% a year before costs, total costs come to $465 over 5 years, cutting the return by 0.78% 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 0.73%) | $77 | $240 | $417 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $78 | $255 | $465 |
| Value after costs | $10,422 | $11,321 | $12,298 |
| Impact on return, per year | 0.78% | 0.78% | 0.78% |
SMLYX 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): 0.0097%
- Total broker commissions: $52K
- Bought from dealers (principal trades, not a cost): $5.5B
- Portfolio turnover (prospectus): 260%
- Securities lending: none during the year
SMLYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $41K | 78.14% |
| CITIGROUP | $5K | 10.10% |
| MORGAN STANLEY & CO, INC | $2K | 3.93% |
| J P MORGAN CHASE BANK | $2K | 3.41% |
| BAML | $2K | 3.38% |
| UBS SECURITIES | $190 | 0.36% |
| LOOP CAPITAL | $172 | 0.33% |
| VIRTU FINANCIAL LLC | $124 | 0.24% |
| RBC CAPITAL | $58 | 0.11% |
| COWEN | $0 | 0.00% |
SMLYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL | $1.6B | 32.54% |
| J P MORGAN CHASE BANK | $687.0M | 13.77% |
| BAML | $582.7M | 11.68% |
| CITIGROUP | $405.7M | 8.13% |
| MORGAN STANLEY & CO, INC | $402.4M | 8.07% |
| WELLS FARGO | $343.6M | 6.89% |
| CITADEL | $339.3M | 6.80% |
| BARCLAY BANK PLC | $280.0M | 5.61% |
| GOLDMAN, SACHS & CO. | $201.3M | 4.03% |
| MIZUHO SECURITIES | $123.9M | 2.48% |
SIMT Multi-Asset Capital Stability Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SMLYX | Class Y | 0.73% | — |
| SCLAX | Class F | 0.98% | — |
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.