SPINX Fees and Costs — Siit S&P 500 Index Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 0.12%: a 0.03% management fee plus 0.09% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $31K in broker commissions, 0.0007% of average net assets, and portfolio turnover was 5%.
SPINX Fees and Expenses
Annual operating expenses and sales charges of SPINX. Prospectus, as of September 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.03% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.12% |
| Fee waiver | — |
| Net expense ratio | 0.12% |
| 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 |
SPINX Costs Over Time
On $10,000 invested in SPINX, assuming 5% a year before costs, total costs come to $77 over 5 years, cutting the return by 0.13% 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 0.12%) | $13 | $40 | $69 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $2 | $7 |
| Total costs | $13 | $42 | $77 |
| Value after costs | $10,487 | $11,534 | $12,686 |
| Impact on return, per year | 0.13% | 0.13% | 0.13% |
SPINX 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): 0.0007%
- Total broker commissions: $31K
- Bought from dealers (principal trades, not a cost): $60.0M
- Portfolio turnover (prospectus): 5%
- Securities lending: none during the year
SPINX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $12K | 38.80% |
| BARCLAY BANK PLC | $4K | 14.43% |
| CITIGROUP | $4K | 14.30% |
| MORGAN STANLEY & CO, INC | $4K | 13.15% |
| CITADEL SECURITIES | $2K | 6.46% |
| GOLDMAN, SACHS & CO. | $2K | 4.90% |
| PIPER JAFFRAY | $1K | 3.39% |
| UBS SECURITIES | $791 | 2.54% |
| BAML | $570 | 1.83% |
| FIDELITY CAPITAL MARKETS | $64 | 0.20% |
SPINX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $60.0M | 100.00% |
| MORGAN STANLEY & CO, INC | $944 | 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.