SMXAX Fees and Costs — Siit Extended Market Index Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 0.20%: a 0.12% management fee plus 0.08% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $43K in broker commissions, 0.0035% of average net assets, and portfolio turnover was 23%.
SMXAX Fees and Expenses
Annual operating expenses and sales charges of SMXAX. Prospectus, as of September 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.12% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.08% |
| Gross expense ratio | 0.20% |
| Fee waiver | — |
| Net expense ratio | 0.20% |
| 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 |
SMXAX Costs Over Time
On $10,000 invested in SMXAX, assuming 5% a year before costs, total costs come to $129 over 5 years, cutting the return by 0.21% 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 0.20%) | $21 | $66 | $116 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $21 | $71 | $129 |
| Value after costs | $10,479 | $11,506 | $12,633 |
| Impact on return, per year | 0.21% | 0.21% | 0.21% |
SMXAX 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): 0.0035%
- Total broker commissions: $43K
- Bought from dealers (principal trades, not a cost): $17.9M
- Portfolio turnover (prospectus): 23%
- Securities lending: none during the year
SMXAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO, INC | $7K | 18.86% |
| J P MORGAN CHASE BANK | $7K | 17.75% |
| GOLDMAN, SACHS & CO. | $7K | 16.59% |
| BARCLAY BANK PLC | $6K | 14.42% |
| CITIGROUP | $3K | 7.97% |
| CITADEL SECURITIES | $3K | 7.97% |
| FIDELITY CAPITAL MARKETS (DIVISION OF NF | $2K | 6.21% |
| PIPER JAFFRAY | $2K | 4.10% |
| UBS SECURITIES | $1K | 3.58% |
| BAML | $999 | 2.53% |
SMXAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $17.0M | 95.20% |
| GOLDMAN, SACHS & CO. | $690K | 3.86% |
| UBS SECURITIES | $149K | 0.83% |
| DIRECT TRADING INSTITUTIONAL INC | $17K | 0.10% |
| BARCLAY BANK PLC | $2K | 0.01% |
| MORGAN STANLEY & CO, INC | $442 | 0.00% |
| CITADEL | $346 | 0.00% |
| CITIGROUP | $286 | 0.00% |
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.