SPIIX Fees and Costs — SIMT S&P 500 Index Fund, Class I
Data updated: 2026-08-28
The net expense ratio is 0.79%: a 0.03% management fee plus 0.76% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $8K in broker commissions, 0.0008% of average net assets, and portfolio turnover was 3%.
SPIIX Fees and Expenses
Annual operating expenses and sales charges of SPIIX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.03% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.76% |
| Gross expense ratio | 0.79% |
| Fee waiver | — |
| Net expense ratio | 0.79% |
| 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 |
SPIIX Costs Over Time
On $10,000 invested in SPIIX, assuming 5% a year before costs, total costs come to $497 over 5 years, cutting the return by 0.83% 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 0.79%) | $83 | $259 | $451 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $83 | $272 | $497 |
| Value after costs | $10,417 | $11,304 | $12,266 |
| Impact on return, per year | 0.83% | 0.83% | 0.83% |
SPIIX 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): 0.0008%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): $13.2M
- Portfolio turnover (prospectus): 3%
- Securities lending: none during the year
SPIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $4K | 55.20% |
| BAML | $1K | 18.21% |
| MORGAN STANLEY & CO, INC | $643 | 8.26% |
| BARCLAY BANK PLC | $641 | 8.22% |
| CITADEL | $308 | 3.95% |
| GOLDMAN, SACHS & CO. | $181 | 2.33% |
| CITIGROUP | $103 | 1.32% |
| UBS SECURITIES | $101 | 1.30% |
| INSTINET | $57 | 0.74% |
| JANE STREET EXECUTION SERVICES | $36 | 0.47% |
SPIIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $13.2M | 100.00% |
SIMT S&P 500 Index Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SETYX | C000158776 | 0.29% | — |
| TRQIX | C000051281 | 0.29% | — |
| SSPIX | Class F | 0.54% | — |
| SPIIX | Class I | 0.79% | — |
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.