BISCX Fees and Costs — Ubs U.s. Small Cap Growth Fund, Class P
Data updated: 2025-09-11
The net expense ratio is 0.99%: a 0.85% management fee plus 0.41% other expenses, less a 0.27% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $115K in broker commissions, 0.0943% of average net assets, and portfolio turnover was 51%.
BISCX Fees and Expenses
Annual operating expenses and sales charges of BISCX. Prospectus, as of October 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.41% |
| Gross expense ratio | 1.26% |
| Fee waiver | −0.27% |
| Net expense ratio | 0.99% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
BISCX Costs Over Time
On $10,000 invested in BISCX, assuming 5% a year before costs, total costs come to $677 over 5 years, cutting the return by 1.14% 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 0.99%) | $104 | $324 | $561 |
| Trading costs (broker commissions) | $10 | $31 | $53 |
| Lost growth on money paid in costs | $0 | $18 | $62 |
| Total costs | $114 | $372 | $677 |
| Value after costs | $10,386 | $11,204 | $12,086 |
| Impact on return, per year | 1.14% | 1.14% | 1.14% |
BISCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0943%
- Total broker commissions: $115K
- Bought from dealers (principal trades, not a cost): $80.1M
- Portfolio turnover (prospectus): 51%
- Securities on loan, average value: $5.0M
- Net income from securities lending: $8K (0.006% of average net assets)
BISCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $25K | 24.45% |
| Morgan Stanley & Co. LLC | $19K | 18.32% |
| Cowen and Company, LLC | $18K | 17.33% |
| BofA Securities, Inc. | $13K | 12.32% |
| J.P. Morgan Securities LLC | $8K | 7.59% |
| Goldman Sachs & Co. LLC | $5K | 5.35% |
| BNP Paribas Securities Corp. | $4K | 4.40% |
| BNY Capital Markets, LLC | $4K | 3.76% |
| Truist Securities, Inc. | $4K | 3.59% |
| KeyBanc Capital Markets Inc. | $3K | 2.88% |
BISCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $78.4M | 97.79% |
| J.P. Morgan Securities LLC | $757K | 0.94% |
| Morgan Stanley & Co. LLC | $725K | 0.90% |
| Goldman Sachs & Co. LLC | $286K | 0.36% |
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.