SRAAX Fees and Costs — SIMT Real Return Fund, Class F
Data updated: 2026-08-28
The net expense ratio is 0.70%: a 0.22% management fee plus 0.48% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 29%.
SRAAX Fees and Expenses
Annual operating expenses and sales charges of SRAAX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.22% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.48% |
| Gross expense ratio | 0.70% |
| Fee waiver | — |
| Net expense ratio | 0.70% |
| 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 |
SRAAX Costs Over Time
On $10,000 invested in SRAAX, assuming 5% a year before costs, total costs come to $440 over 5 years, cutting the return by 0.73% 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 0.70%) | $74 | $230 | $400 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $74 | $241 | $440 |
| Value after costs | $10,426 | $11,335 | $12,322 |
| Impact on return, per year | 0.73% | 0.73% | 0.73% |
SRAAX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $419.2M
- Portfolio turnover (prospectus): 29%
- Securities on loan, average value: $48K
- Net income from securities lending: $1K (0.000% of average net assets)
SRAAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $132.5M | 31.60% |
| CITIGROUP | $126.4M | 30.16% |
| BMO CAPITAL | $57.3M | 13.66% |
| BARCLAY BANK PLC | $44.3M | 10.56% |
| WACHOVIA CAPITAL MARKETS | $20.5M | 4.89% |
| SANTANDER INVESTMENT SECURITIES INC. | $13.5M | 3.21% |
| BAML | $12.5M | 2.99% |
| J P MORGAN CHASE BANK | $10.8M | 2.58% |
| UBS SECURITIES | $1.5M | 0.36% |
SIMT Real Return Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SRYRX | Class Y | 0.45% | — |
| SRAAX | Class F | 0.70% | — |
| SSRIX | Class I | 0.95% | — |
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.