BNGLX Fees and Costs — Ubs Global Allocation Fund, Class A
Data updated: 2026-09-11
The net expense ratio is 1.43% (1.85% before fee waivers). This share class carries a maximum front-end sales load of 5.50%. In fiscal 2026 the fund paid $23K in broker commissions, 0.0156% of average net assets, and portfolio turnover was 112%.
BNGLX Fees and Expenses
Annual operating expenses and sales charges of BNGLX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.57% |
| Gross expense ratio | 1.85% |
| Fee waiver | −0.42% |
| Net expense ratio | 1.43% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| 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 |
BNGLX Costs Over Time
On $10,000 invested in BNGLX, assuming 5% a year before costs, total costs come to $1,549 over 5 years, cutting the return by 2.68% 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 |
| Sales charges | $550 | $550 | $550 |
| Fund expenses (net expense ratio 1.43%) | $142 | $441 | $761 |
| Trading costs (broker commissions) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $28 | $109 | $230 |
| Total costs | $721 | $1,104 | $1,549 |
| Value after costs | $9,779 | $10,472 | $11,214 |
| Impact on return, per year | 7.21% | 3.45% | 2.68% |
BNGLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0156%
- Total broker commissions: $23K
- Bought from dealers (principal trades, not a cost): $368.5M
- Portfolio turnover (prospectus): 112%
- Securities on loan, average value: $5.6M
- Net income from securities lending: $24K (0.016% of average net assets)
BNGLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $18K | 77.65% |
| Jefferies LLC | $1K | 5.54% |
| Goldman Sachs & Co. LLC | $910 | 4.02% |
| Morgan Stanley & Co. LLC | $892 | 3.94% |
| J.P. Morgan Securities LLC | $792 | 3.50% |
| Citigroup Global Markets Inc. | $561 | 2.48% |
| Citadel Securities LLC | $197 | 0.87% |
| Nomura Securities International, Inc. | $190 | 0.84% |
| Sanford C. Bernstein & Co., LLC | $151 | 0.67% |
| KeyBanc Capital Markets Inc. | $114 | 0.50% |
BNGLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $148.0M | 42.66% |
| Citigroup Global Markets Inc. | $50.9M | 14.68% |
| Morgan Stanley & Co. LLC | $40.2M | 11.60% |
| BofA Securities, Inc. | $24.1M | 6.94% |
| BMO Capital Markets Corp. | $20.9M | 6.02% |
| Virtu Americas LLC | $15.7M | 4.53% |
| J.P. Morgan Securities LLC | $14.3M | 4.13% |
| Jane Street Execution Services, LLC | $14.1M | 4.07% |
| Barclays Capital Inc. | $13.6M | 3.94% |
| Wells Fargo Securities, LLC | $5.0M | 1.45% |
Ubs Global Allocation Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| BPGLX | Class P | 1.18% | none |
| BNGLX | Class A | 1.43% | 5.50% |
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.