SVYAX Fees and Costs — Siit U.s. Managed Volatility Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 0.62%: a 0.55% management fee plus 0.07% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $59K in broker commissions, 0.0185% of average net assets, and portfolio turnover was 69%.
SVYAX Fees and Expenses
Annual operating expenses and sales charges of SVYAX. Prospectus, as of September 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.62% |
| Fee waiver | — |
| Net expense ratio | 0.62% |
| 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 |
SVYAX Costs Over Time
On $10,000 invested in SVYAX, assuming 5% a year before costs, total costs come to $402 over 5 years, cutting the return by 0.67% 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 0.62%) | $65 | $204 | $355 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $10 | $37 |
| Total costs | $67 | $220 | $402 |
| Value after costs | $10,433 | $11,356 | $12,361 |
| Impact on return, per year | 0.67% | 0.67% | 0.67% |
SVYAX 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): 0.0185%
- Total broker commissions: $59K
- Bought from dealers (principal trades, not a cost): $7.8M
- Portfolio turnover (prospectus): 69%
- Securities lending: none during the year
SVYAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BAML | $19K | 33.74% |
| MORGAN STANLEY & CO, INC | $13K | 23.14% |
| CITIGROUP | $9K | 16.36% |
| INSTINET | $4K | 7.52% |
| J P MORGAN CHASE BANK | $4K | 6.79% |
| WELLS FARGO | $2K | 3.85% |
| PERSHING LLC | $1K | 2.51% |
| JEFFERIES LLC | $1K | 2.49% |
| WEEDEN & COMPANY | $1K | 2.01% |
| GUZMAN & COMPANY | $888 | 1.60% |
SVYAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $7.8M | 99.98% |
| PIPER JAFFRAY | $1K | 0.02% |
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.