BNSCX Fees and Costs — Ubs U.s. Small Cap Growth Fund, Class A
Data updated: 2025-09-11
The net expense ratio is 1.24%: a 0.85% management fee, a 0.25% 12b-1 fee plus 0.45% other expenses, less a 0.31% fee waiver. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2025 the fund paid $115K in broker commissions, 0.0943% of average net assets, and portfolio turnover was 51%.
BNSCX Fees and Expenses
Annual operating expenses and sales charges of BNSCX. Prospectus, as of October 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.45% |
| Gross expense ratio | 1.55% |
| Fee waiver | −0.31% |
| Net expense ratio | 1.24% |
| 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 |
BNSCX Costs Over Time
On $10,000 invested in BNSCX, assuming 5% a year before costs, total costs come to $1,485 over 5 years, cutting the return by 2.57% 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 1.24%) | $123 | $383 | $661 |
| Trading costs (broker commissions) | $9 | $29 | $50 |
| Lost growth on money paid in costs | $27 | $107 | $224 |
| Total costs | $710 | $1,069 | $1,485 |
| Value after costs | $9,790 | $10,507 | $11,277 |
| Impact on return, per year | 7.10% | 3.34% | 2.57% |
BNSCX 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)
BNSCX 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% |
BNSCX 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.