TMLCX Fees and Costs — SIMT Tax-Managed Large Cap Fund, Class F
Data updated: 2026-08-28
The net expense ratio is 0.91%: a 0.40% management fee plus 0.51% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $165K in broker commissions, 0.0040% of average net assets, and portfolio turnover was 14%.
TMLCX Fees and Expenses
Annual operating expenses and sales charges of TMLCX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.51% |
| Gross expense ratio | 0.91% |
| Fee waiver | — |
| Net expense ratio | 0.91% |
| 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 |
TMLCX Costs Over Time
On $10,000 invested in TMLCX, assuming 5% a year before costs, total costs come to $573 over 5 years, cutting the return by 0.96% 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 0.91%) | $96 | $298 | $518 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $15 | $52 |
| Total costs | $96 | $315 | $573 |
| Value after costs | $10,404 | $11,262 | $12,190 |
| Impact on return, per year | 0.96% | 0.96% | 0.96% |
TMLCX 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): 0.0040%
- Total broker commissions: $165K
- Bought from dealers (principal trades, not a cost): $58.1M
- Portfolio turnover (prospectus): 14%
- Securities on loan, average value: $4.6M
- Net income from securities lending: $509K (0.012% of average net assets)
TMLCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| PERSHING LLC | $64K | 38.84% |
| LIQUIDNET | $27K | 16.34% |
| BAML | $27K | 16.20% |
| J P MORGAN CHASE BANK | $13K | 7.76% |
| UBS SECURITIES | $13K | 7.70% |
| ABEL NOSER CORPORATION | $9K | 5.30% |
| CITADEL | $7K | 4.24% |
| JEFFERIES LLC | $6K | 3.51% |
| BAIRD, ROBERT W., & CO., INCORPORATED | $104 | 0.06% |
| INSTINET | $76 | 0.05% |
TMLCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $58.1M | 100.00% |
SIMT Tax-Managed Large Cap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| STLYX | Class Y | 0.66% | — |
| TMLCX | Class F | 0.91% | — |
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.