WITAX Fees and Costs — Segall Bryant & Hamill Municipal Opportunities Fund, Institutional Class
Data updated: 2026-08-28
The net expense ratio is 0.50%: a 0.35% management fee plus 0.26% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 77%.
WITAX Fees and Expenses
Annual operating expenses and sales charges of WITAX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.26% |
| Gross expense ratio | 0.61% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.50% |
| 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 |
WITAX Costs Over Time
On $10,000 invested in WITAX, assuming 5% a year before costs, total costs come to $316 over 5 years, cutting the return by 0.52% 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 0.50%) | $52 | $165 | $287 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $52 | $173 | $316 |
| Value after costs | $10,448 | $11,403 | $12,447 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
WITAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $319.7M
- Portfolio turnover (prospectus): 77%
- Securities lending: none during the year
WITAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $46.0M | 21.25% |
| Societe Generale | $24.7M | 11.42% |
| Morgan Stanley & Co LLC | $23.9M | 11.03% |
| RBS Securities Inc | $21.9M | 10.11% |
| Stifel Nicolaus & Co Inc | $21.6M | 9.97% |
| BMO Capital Markets Corp | $20.9M | 9.66% |
| Wells Fargo Securities LLC | $18.5M | 8.54% |
| RBC Capital Markets LLC | $15.1M | 6.97% |
| Jeffries LLC | $13.1M | 6.06% |
| Piper Jaffray Co | $10.8M | 5.00% |
Segall Bryant & Hamill Municipal Opportunities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| WITAX | Institutional Class | 0.50% | — |
| WTTAX | Retail Class | 0.65% | — |
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.