SSMGX Fees and Costs — Sit Small Cap Growth Fund
Data updated: 2026-09-08
The net expense ratio is 1.50%. This share class carries a redemption fee of 2.00%. In fiscal 2026 the fund paid $30K in broker commissions, 0.0235% of average net assets, and portfolio turnover was 11%.
SSMGX Fees and Expenses
Annual operating expenses and sales charges of SSMGX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.50% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 1.50% |
| Fee waiver | — |
| Net expense ratio | 1.50% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
SSMGX Costs Over Time
On $10,000 invested in SSMGX, assuming 5% a year before costs, total costs come to $943 over 5 years, cutting the return by 1.60% 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 1.50%) | $158 | $489 | $843 |
| Trading costs (broker commissions) | $2 | $8 | $13 |
| Lost growth on money paid in costs | $0 | $25 | $87 |
| Total costs | $160 | $521 | $943 |
| Value after costs | $10,340 | $11,055 | $11,820 |
| Impact on return, per year | 1.60% | 1.60% | 1.60% |
SSMGX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0235%
- Total broker commissions: $30K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 11%
- Securities lending: none during the year
SSMGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $12K | 41.42% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $6K | 18.80% |
| BARCLAYS CAPITAL, INC. | $4K | 13.08% |
| WILLIAM BLAIR & COMPANY, L.L.C. | $2K | 6.14% |
| LIQUIDNET, INC. | $2K | 5.98% |
| TD SECURITIES (USA) LLC | $1K | 3.54% |
| PIPER SANDLER & CO. | $1K | 3.46% |
| CITIGROUP GLOBAL MARKETS INC. | $912 | 3.11% |
| GOLDMAN SACHS & CO. LLC | $661 | 2.26% |
| RBC CAPITAL MARKETS, LLC | $646 | 2.21% |
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.