BSBAX Fees and Costs — Short Bond Fund
Data updated: 2026-08-28
The net expense ratio is 0.40%: a 0.38% management fee plus 0.08% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $13K in broker commissions, 0.0057% of average net assets, and portfolio turnover was 105%.
BSBAX Fees and Expenses
Annual operating expenses and sales charges of BSBAX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.38% |
| 12b-1 fee | — |
| Other expenses | 0.08% |
| Gross expense ratio | 0.46% |
| Fee waiver | −0.06% |
| Net expense ratio | 0.40% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
BSBAX Costs Over Time
On $10,000 invested in BSBAX, assuming 5% a year before costs, total costs come to $257 over 5 years, cutting the return by 0.43% 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 0.40%) | $42 | $132 | $230 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $7 | $23 |
| Total costs | $43 | $140 | $257 |
| Value after costs | $10,457 | $11,436 | $12,506 |
| Impact on return, per year | 0.43% | 0.43% | 0.43% |
BSBAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0057%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $855.3M
- Portfolio turnover (prospectus): 105%
- Securities on loan, average value: $1.0M
- Net income from securities lending: $6K (0.003% of average net assets)
BSBAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citibank, National Association | $13K | 96.06% |
| MERRILL LYNCH INTERNATIONAL | $519 | 3.94% |
BSBAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Northern Trust Company | $286.3M | 40.54% |
| MORGAN STANLEY & CO. LLC | $95.3M | 13.49% |
| BARCLAYS BANK PLC | $72.6M | 10.28% |
| JPMorgan Chase Bank, National Association | $59.6M | 8.45% |
| GOLDMAN SACHS & CO. LLC | $44.7M | 6.34% |
| Bank of Montreal | $36.8M | 5.21% |
| CITADEL ADVISORS LLC | $34.4M | 4.87% |
| Bank of America, National Association | $29.5M | 4.17% |
| MUFG SECURITIES AMERICAS INC. | $23.6M | 3.34% |
| BNP PARIBAS | $23.3M | 3.30% |
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.