STMSX Fees and Costs — SIMT Tax-Managed Small/Mid Cap Fund, Class F
Data updated: 2026-08-28
The net expense ratio is 1.24%: a 0.65% management fee plus 0.59% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $253K in broker commissions, 0.0302% of average net assets, and portfolio turnover was 36%.
STMSX Fees and Expenses
Annual operating expenses and sales charges of STMSX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.59% |
| Gross expense ratio | 1.24% |
| Fee waiver | — |
| Net expense ratio | 1.24% |
| 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 |
STMSX Costs Over Time
On $10,000 invested in STMSX, assuming 5% a year before costs, total costs come to $790 over 5 years, cutting the return by 1.33% 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 1.24%) | $130 | $405 | $701 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $21 | $73 |
| Total costs | $133 | $436 | $790 |
| Value after costs | $10,367 | $11,141 | $11,973 |
| Impact on return, per year | 1.33% | 1.33% | 1.33% |
STMSX 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): 0.0302%
- Total broker commissions: $253K
- Bought from dealers (principal trades, not a cost): $4.3M
- Portfolio turnover (prospectus): 36%
- Securities on loan, average value: $214K
- Net income from securities lending: $994 (0.000% of average net assets)
STMSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| LIQUIDNET | $129K | 50.87% |
| PERSHING LLC | $65K | 25.72% |
| UBS SECURITIES | $23K | 9.04% |
| ABEL NOSER CORPORATION | $21K | 8.22% |
| BAML | $7K | 2.77% |
| JEFFERIES LLC | $5K | 1.87% |
| J P MORGAN CHASE BANK | $2K | 0.66% |
| INSTINET | $1K | 0.58% |
| PIPER JAFFRAY | $538 | 0.21% |
| MORGAN STANLEY & CO, INC | $115 | 0.05% |
STMSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $4.3M | 100.00% |
SIMT Tax-Managed Small/Mid Cap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| STMPX | Class Y | 0.99% | — |
| STMSX | Class F | 1.24% | — |
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.