SREYX Fees and Costs — SIMT Real Estate Fund, Class Y
Data updated: 2026-08-28
The net expense ratio is 0.99%: a 0.65% management fee plus 0.34% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $41K in broker commissions, 0.0574% of average net assets, and portfolio turnover was 72%.
SREYX Fees and Expenses
Annual operating expenses and sales charges of SREYX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.34% |
| Gross expense ratio | 0.99% |
| Fee waiver | — |
| Net expense ratio | 0.99% |
| 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 |
SREYX Costs Over Time
On $10,000 invested in SREYX, assuming 5% a year before costs, total costs come to $655 over 5 years, cutting the return by 1.10% 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 0.99%) | $104 | $324 | $562 |
| Trading costs (broker commissions) | $6 | $19 | $33 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $110 | $360 | $655 |
| Value after costs | $10,390 | $11,216 | $12,108 |
| Impact on return, per year | 1.10% | 1.10% | 1.10% |
SREYX 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): 0.0574%
- Total broker commissions: $41K
- Bought from dealers (principal trades, not a cost): $2.0M
- Portfolio turnover (prospectus): 72%
- Securities lending: none during the year
SREYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| LIQUIDNET | $8K | 22.71% |
| BAML | $7K | 18.94% |
| CITIGROUP | $5K | 12.87% |
| J P MORGAN CHASE BANK | $4K | 10.09% |
| WELLS FARGO | $4K | 9.71% |
| MORGAN STANLEY & CO, INC | $3K | 8.70% |
| GOLDMAN, SACHS & CO. | $2K | 5.90% |
| WACHOVIA SECURITIES, INC. | $2K | 4.46% |
| RAYMOND JAMES & ASSOCIATES, INC. | $1K | 3.58% |
| JEFFERIES LLC | $1K | 3.05% |
SREYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BAML | $845K | 42.67% |
| MORGAN STANLEY & CO, INC | $772K | 39.01% |
| J P MORGAN CHASE BANK | $363K | 18.32% |
SIMT Real Estate Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SREYX | Class Y | 0.99% | — |
| SETAX | Class F | 1.24% | — |
| SEIRX | Class I | 1.49% | — |
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.