SWSAX Fees and Costs — Siit World Select Equity Fund, Class A
Data updated: 2025-04-29
The net expense ratio is 0.64%: a 0.55% management fee plus 0.09% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $209K in broker commissions, 0.0171% of average net assets, and portfolio turnover was 79%.
SWSAX Fees and Expenses
Annual operating expenses and sales charges of SWSAX. Prospectus, as of May 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.64% |
| Fee waiver | — |
| Net expense ratio | 0.64% |
| 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 |
SWSAX Costs Over Time
On $10,000 invested in SWSAX, assuming 5% a year before costs, total costs come to $414 over 5 years, cutting the return by 0.69% 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 0.64%) | $67 | $210 | $366 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $69 | $227 | $414 |
| Value after costs | $10,431 | $11,350 | $12,349 |
| Impact on return, per year | 0.69% | 0.69% | 0.69% |
SWSAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0171%
- Total broker commissions: $209K
- Bought from dealers (principal trades, not a cost): $725K
- Portfolio turnover (prospectus): 79%
- Securities lending: none during the year
SWSAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO | $34K | 21.83% |
| JP MORGAN | $29K | 18.86% |
| MACQUARIE CAPITAL | $19K | 12.01% |
| SEI FINANCIAL SERVICES | $17K | 10.84% |
| MORGAN STANLEY & CO, INC | $16K | 10.43% |
| JONES & ASSOCIATES | $13K | 8.36% |
| BAML | $10K | 6.55% |
| BARCLAYS CAPITAL INC. | $9K | 5.86% |
| PERSHING LLC | $4K | 2.77% |
| UBS | $4K | 2.49% |
SWSAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| HSBC | $295K | 40.60% |
| STANDARD CHARTERED | $287K | 39.58% |
| J P MORGAN CHASE BANK | $127K | 17.48% |
| MORGAN STANLEY & CO, INC | $15K | 2.09% |
| BNY MELLON | $2K | 0.24% |
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.