BTSMX Fees and Costs — Boston Trust SMID Cap Fund
Data updated: 2026-08-26
The net expense ratio is 0.75%: a 0.75% management fee plus 0.06% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $117K in broker commissions, 0.0153% of average net assets, and portfolio turnover was 27%.
BTSMX Fees and Expenses
Annual operating expenses and sales charges of BTSMX. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.06% |
| Gross expense ratio | 0.81% |
| Fee waiver | −0.06% |
| Net expense ratio | 0.75% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
BTSMX Costs Over Time
On $10,000 invested in BTSMX, assuming 5% a year before costs, total costs come to $481 over 5 years, cutting the return by 0.80% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $12 | $44 |
| Total costs | $80 | $264 | $481 |
| Value after costs | $10,420 | $11,312 | $12,282 |
| Impact on return, per year | 0.80% | 0.80% | 0.80% |
BTSMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0153%
- Total broker commissions: $117K
- Bought from dealers (principal trades, not a cost): $300.5M
- Portfolio turnover (prospectus): 27%
- Securities lending: none during the year
BTSMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| PIPER SANDLER & CO. | $30K | 27.60% |
| INSTINET, LLC | $21K | 19.41% |
| JONESTRADING INSTITUTIONAL SERVICES LLC | $16K | 14.41% |
| State Street Bank and Trust Company | $9K | 8.66% |
| J.P. MORGAN SECURITIES LLC | $7K | 6.67% |
| RBC CAPITAL MARKETS, LLC | $7K | 6.49% |
| OPPENHEIMER & CO. INC. | $6K | 5.72% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $4K | 4.10% |
| WELLS FARGO SECURITIES, LLC | $4K | 3.54% |
| JEFFERIES LLC. | $4K | 3.41% |
BTSMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Northern Trust Company | $300.5M | 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.