TFCAX Fees and Costs — SIMT Tax-Free Conservative Income Fund, Class F
Data updated: 2026-08-28
The net expense ratio is 0.59%: a 0.10% management fee plus 0.49% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 0%.
TFCAX Fees and Expenses
Annual operating expenses and sales charges of TFCAX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.10% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.49% |
| Gross expense ratio | 0.59% |
| Fee waiver | — |
| Net expense ratio | 0.59% |
| 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 |
TFCAX Costs Over Time
On $10,000 invested in TFCAX, assuming 5% a year before costs, total costs come to $372 over 5 years, cutting the return by 0.62% 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 0.59%) | $62 | $194 | $338 |
| Lost growth on money paid in costs | $0 | $10 | $34 |
| Total costs | $62 | $204 | $372 |
| Value after costs | $10,438 | $11,373 | $12,391 |
| Impact on return, per year | 0.62% | 0.62% | 0.62% |
TFCAX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $531.5M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
TFCAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $116.5M | 22.68% |
| NATIONAL FINANCIAL SERVICES CORPORATION | $96.8M | 18.85% |
| BARCLAY BANK PLC | $62.9M | 12.24% |
| BAML | $46.5M | 9.05% |
| GOLDMAN, SACHS & CO. | $45.5M | 8.87% |
| WELLS FARGO | $43.6M | 8.49% |
| RBC CAPITAL | $36.7M | 7.13% |
| MORGAN STANLEY & CO, INC | $24.8M | 4.82% |
| PERSHING LLC | $20.2M | 3.93% |
| CITIGROUP | $20.2M | 3.93% |
SIMT Tax-Free Conservative Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TFCYX | Class Y | 0.34% | — |
| TFCAX | Class F | 0.59% | — |
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.