SMQFX Fees and Costs — Siit Emerging Markets Equity Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 1.02%: a 0.85% management fee plus 0.17% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1.3M in broker commissions, 0.1913% of average net assets, and portfolio turnover was 87%.
SMQFX Fees and Expenses
Annual operating expenses and sales charges of SMQFX. Prospectus, as of September 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.17% |
| Gross expense ratio | 1.02% |
| Fee waiver | — |
| Net expense ratio | 1.02% |
| 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 |
SMQFX Costs Over Time
On $10,000 invested in SMQFX, assuming 5% a year before costs, total costs come to $754 over 5 years, cutting the return by 1.27% 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 1.02%) | $107 | $333 | $577 |
| Trading costs (broker commissions) | $20 | $63 | $108 |
| Lost growth on money paid in costs | $0 | $20 | $69 |
| Total costs | $127 | $416 | $754 |
| Value after costs | $10,373 | $11,161 | $12,008 |
| Impact on return, per year | 1.27% | 1.27% | 1.27% |
SMQFX 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): 0.1913%
- Total broker commissions: $1.3M
- Bought from dealers (principal trades, not a cost): $16.3M
- Portfolio turnover (prospectus): 87%
- Securities lending: none during the year
SMQFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $336K | 33.52% |
| HSBC | $130K | 12.96% |
| UBS SECURITIES | $93K | 9.30% |
| MORGAN STANLEY & CO, INC | $80K | 8.02% |
| BAML | $71K | 7.04% |
| CITIGROUP | $63K | 6.28% |
| JEFFERIES LLC | $63K | 6.27% |
| CREDIT LYONNAIS SECURITIES (USA) INC. | $62K | 6.19% |
| MACQUARIE CAPITAL | $58K | 5.82% |
| CREDIT USA | $46K | 4.60% |
SMQFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $5.6M | 34.31% |
| MORGAN STANLEY & CO, INC | $2.4M | 14.56% |
| CITIGROUP | $1.7M | 10.51% |
| BTG | $1.7M | 10.51% |
| BMO CAPITAL | $1.5M | 9.15% |
| J P MORGAN CHASE BANK | $1.4M | 8.83% |
| CREDIT USA | $1.2M | 7.67% |
| KOTAK | $658K | 4.04% |
| BNP PARIBAS | $69K | 0.42% |
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.