BRCXX Fees and Costs — MuniCash
Data updated: 2026-02-25
The net expense ratio is 0.70%: a 0.25% management fee plus 0.51% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees.
BRCXX Fees and Expenses
Annual operating expenses and sales charges of BRCXX. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.51% |
| Gross expense ratio | 0.76% |
| Fee waiver | −0.06% |
| Net expense ratio | 0.70% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| 7-day yield | 0.02% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
BRCXX Costs Over Time
On $10,000 invested in BRCXX, assuming 5% a year before costs, total costs come to $440 over 5 years, cutting the return by 0.73% 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 0.70%) | $74 | $230 | $400 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $74 | $241 | $440 |
| Value after costs | $10,426 | $11,335 | $12,322 |
| Impact on return, per year | 0.73% | 0.73% | 0.73% |
BRCXX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $53.3B
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
BRCXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $18.2B | 35.21% |
| Barclays Capital, Inc. | $9.3B | 17.93% |
| National Financial Services LLC | $5.7B | 11.00% |
| BofA Securities, Inc. | $4.8B | 9.20% |
| Goldman Sachs & Co. LLC | $4.1B | 7.84% |
| Morgan Stanley & Co. LLC | $2.5B | 4.87% |
| Wells Fargo Securities, LLC | $2.4B | 4.60% |
| RBC Capital Markets, LLC | $2.3B | 4.38% |
| Truist Securities, Inc. | $1.3B | 2.59% |
| Pershing LLC | $1.2B | 2.38% |
MuniCash Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MCSXX | Institutional Class | 0.20% | — |
| MCPXX | Capital Class | 0.25% | — |
| MCDXX | Dollar Class | 0.45% | — |
| BRCXX | C000003976 | 0.70% | — |
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.