SWSXX Fees and Costs — Treasury Portfolio, Siebert Williams Shank Shares
Data updated: 2026-05-05
The net expense ratio is 0.15%: a 0.13% management fee plus 0.02% other expenses. There are no sales loads or redemption fees.
SWSXX Fees and Expenses
Annual operating expenses and sales charges of SWSXX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.13% |
| 12b-1 fee | — |
| Other expenses | 0.02% |
| Gross expense ratio | 0.15% |
| Fee waiver | — |
| Net expense ratio | 0.15% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| 7-day yield | 3.68% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
SWSXX Costs Over Time
On $10,000 invested in SWSXX, assuming 5% a year before costs, total costs come to $95 over 5 years, cutting the return by 0.16% 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 0.15%) | $16 | $50 | $87 |
| Lost growth on money paid in costs | $0 | $2 | $9 |
| Total costs | $16 | $52 | $95 |
| Value after costs | $10,484 | $11,524 | $12,667 |
| Impact on return, per year | 0.16% | 0.16% | 0.16% |
SWSXX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $173.0B
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
SWSXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA CORPORATION | $54.7B | 32.73% |
| BARCLAYS BANK PLC | $39.5B | 23.65% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $26.4B | 15.79% |
| Citadel Enterprise Americas, LLC | $17.0B | 10.16% |
| Nomura Securities International, Inc. | $10.0B | 6.01% |
| JPMorgan Chase Bank, National Association | $6.2B | 3.72% |
| DEUTSCHE BANK SECURITIES INC. | $5.3B | 3.18% |
| BMO Nesbitt Burns Inc. | $4.0B | 2.39% |
| CITIGROUP GLOBAL MARKETS INC. | $2.3B | 1.38% |
| JEFFERIES LLC | $1.6B | 0.99% |
Treasury Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| NITXX | Shares | 0.15% | — |
| SWSXX | Siebert Williams Shank Shares | 0.15% | — |
| NTPXX | Premier Shares | 0.20% | — |
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.