BMGTX Fees and Costs — Sterling Capital Diversified Income Fund, Institutional Class
Data updated: 2021-02-23
The net expense ratio is 1.22%. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $3K in broker commissions, 0.0191% of average net assets, and portfolio turnover was 27%.
BMGTX Fees and Expenses
Annual operating expenses and sales charges of BMGTX. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.29% |
| Gross expense ratio | 1.22% |
| Fee waiver | — |
| Net expense ratio | 1.22% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
BMGTX Costs Over Time
On $10,000 invested in BMGTX, assuming 5% a year before costs, total costs come to $771 over 5 years, cutting the return by 1.30% 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 1.22%) | $128 | $399 | $690 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $130 | $425 | $771 |
| Value after costs | $10,370 | $11,151 | $11,991 |
| Impact on return, per year | 1.30% | 1.30% | 1.30% |
BMGTX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0191%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $10.5M
- Portfolio turnover (prospectus): 27%
- Securities lending: none during the year
BMGTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $1K | 40.90% |
| VIRTU AMERICAS LLC | $1K | 39.30% |
| INTL FCSTONE FINANCIAL INC. | $424 | 12.79% |
| SANFORD C. BERNSTEIN & CO., LLC | $214 | 6.45% |
| Robert W. Baird & Co. Incorporated | $18 | 0.56% |
BMGTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| U.S. BANCORP INVESTMENTS, INC. | $10.5M | 100.00% |
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.