SUSAX Fees and Costs — Siit Ultra Short Duration Bond Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 0.24%: a 0.15% management fee plus 0.09% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1K in broker commissions, 0.0003% of average net assets, and portfolio turnover was 73%.
SUSAX Fees and Expenses
Annual operating expenses and sales charges of SUSAX. Prospectus, as of September 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.24% |
| Fee waiver | — |
| Net expense ratio | 0.24% |
| 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 |
SUSAX Costs Over Time
On $10,000 invested in SUSAX, assuming 5% a year before costs, total costs come to $153 over 5 years, cutting the return by 0.25% 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 0.24%) | $25 | $79 | $139 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $4 | $14 |
| Total costs | $25 | $83 | $153 |
| Value after costs | $10,475 | $11,493 | $12,610 |
| Impact on return, per year | 0.25% | 0.25% | 0.25% |
SUSAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0003%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $919.6M
- Portfolio turnover (prospectus): 73%
- Securities lending: none during the year
SUSAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO, INC | $295 | 24.91% |
| J P MORGAN CHASE BANK | $279 | 23.57% |
| GOLDMAN, SACHS & CO. | $184 | 15.49% |
| BARCLAY BANK PLC | $145 | 12.22% |
| BAML | $118 | 9.92% |
| CITIGROUP | $109 | 9.17% |
| RBC CAPITAL | $56 | 4.71% |
SUSAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAY BANK PLC | $180.2M | 26.02% |
| BNP PARIBAS | $147.1M | 21.24% |
| J P MORGAN CHASE BANK | $68.5M | 9.89% |
| CREDIT AGRICOLE SECURITIES (USA) INC. | $59.8M | 8.64% |
| CITADEL | $47.7M | 6.89% |
| BAML | $46.2M | 6.67% |
| WELLS FARGO | $40.6M | 5.86% |
| GOLDMAN, SACHS & CO. | $39.9M | 5.76% |
| NOMURA | $35.0M | 5.05% |
| BMO CAPITAL | $27.4M | 3.96% |
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.