SQIFX Fees and Costs — Sit Quality Income Fund, Class S
Data updated: 2026-08-21
The net expense ratio is 0.81%. There are no sales loads or redemption fees. Portfolio turnover was 48%.
SQIFX Fees and Expenses
Annual operating expenses and sales charges of SQIFX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.81% |
| Fee waiver | — |
| Net expense ratio | 0.81% |
| 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 |
SQIFX Costs Over Time
On $10,000 invested in SQIFX, assuming 5% a year before costs, total costs come to $509 over 5 years, cutting the return by 0.85% 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 0.81%) | $85 | $266 | $462 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $85 | $279 | $509 |
| Value after costs | $10,415 | $11,297 | $12,254 |
| Impact on return, per year | 0.85% | 0.85% | 0.85% |
SQIFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $100.3M
- Portfolio turnover (prospectus): 48%
- Securities lending: none during the year
SQIFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| HILLTOP SECURITIES INC. | $12.0M | 17.20% |
| ARBOR RESEARCH AND TRADING LLC | $12.0M | 17.09% |
| STIFEL, NICOLAUS & COMPANY, INC. | $9.4M | 13.39% |
| FHN FINANCIAL SECURITIES CORP | $7.2M | 10.27% |
| STEPHENS INC. | $6.3M | 8.96% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $5.0M | 7.18% |
| Robert W. Baird & Co. Incorporated | $5.0M | 7.09% |
| BOK FINANCIAL SECURITIES, INC. | $4.8M | 6.83% |
| KEYBANC CAPITAL MARKETS, INC. | $4.3M | 6.16% |
| WELLS FARGO SECURITIES, LLC | $4.1M | 5.82% |
Sit Quality Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SQIYX | Class Y | 0.56% | — |
| SQIFX | Class S | 0.81% | — |
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.