SVAYX Fees and Costs — SIMT Large Cap Value Fund, Class Y
Data updated: 2026-08-28
The net expense ratio is 0.69%: a 0.35% management fee plus 0.34% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $58K in broker commissions, 0.0044% of average net assets, and portfolio turnover was 28%.
SVAYX Fees and Expenses
Annual operating expenses and sales charges of SVAYX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.34% |
| Gross expense ratio | 0.69% |
| Fee waiver | — |
| Net expense ratio | 0.69% |
| 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 |
SVAYX Costs Over Time
On $10,000 invested in SVAYX, assuming 5% a year before costs, total costs come to $437 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 0.69%) | $72 | $227 | $395 |
| Trading costs (broker commissions) | $0 | $1 | $3 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $73 | $239 | $437 |
| Value after costs | $10,427 | $11,337 | $12,326 |
| Impact on return, per year | 0.73% | 0.73% | 0.73% |
SVAYX 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): 0.0044%
- Total broker commissions: $58K
- Bought from dealers (principal trades, not a cost): $17.9M
- Portfolio turnover (prospectus): 28%
- Securities on loan, average value: $1.7M
- Net income from securities lending: $14K (0.001% of average net assets)
SVAYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| PERSHING LLC | $18K | 30.51% |
| LIQUIDNET | $12K | 19.89% |
| ABEL NOSER CORPORATION | $10K | 17.11% |
| UBS SECURITIES | $9K | 15.42% |
| J P MORGAN CHASE BANK | $4K | 7.05% |
| BAML | $4K | 6.29% |
| JEFFERIES LLC | $1K | 1.85% |
| INSTINET | $732 | 1.26% |
| BAIRD, ROBERT W., & CO., INCORPORATED | $346 | 0.60% |
| JANE STREET EXECUTION SERVICES | $10 | 0.02% |
SVAYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $17.9M | 100.00% |
SIMT Large Cap Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SVAYX | Class Y | 0.69% | — |
| TRMVX | Class F | 0.94% | — |
| SEUIX | Class I | 1.19% | — |
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.