C000049009 Fees and Costs — BMO Strategic Income Fund, Class I
Data updated: 2022-01-19
The net expense ratio is 0.55%: a 0.25% management fee plus 0.51% other expenses, less a 0.21% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $300 in broker commissions, 0.0003% of average net assets, and portfolio turnover was 31%.
C000049009 Fees and Expenses
Annual operating expenses and sales charges of C000049009. Prospectus, as of December 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.51% |
| Gross expense ratio | 0.76% |
| Fee waiver | −0.21% |
| Net expense ratio | 0.55% |
| 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 | No |
C000049009 Costs Over Time
On $10,000 invested in C000049009, assuming 5% a year before costs, total costs come to $347 over 5 years, cutting the return by 0.58% 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 0.55%) | $58 | $181 | $315 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $58 | $190 | $347 |
| Value after costs | $10,442 | $11,386 | $12,415 |
| Impact on return, per year | 0.58% | 0.58% | 0.58% |
C000049009 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0003%
- Total broker commissions: $300
- Bought from dealers (principal trades, not a cost): $209.7M
- Portfolio turnover (prospectus): 31%
- Securities on loan, average value: $8.7M
- Net income from securities lending: $29K (0.032% of average net assets)
C000049009 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Piper Sandler & Co. | $300 | 100.00% |
C000049009 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $132.8M | 73.39% |
| Citigroup Global Markets Inc. | $9.4M | 5.21% |
| J.P. Morgan Securities LLC | $7.0M | 3.85% |
| Barclays Capital Inc. | $6.5M | 3.57% |
| BofA Securities, Inc. | $6.3M | 3.49% |
| Wells Fargo Securities, LLC | $5.8M | 3.19% |
| Jefferies LLC | $4.2M | 2.30% |
| Goldman Sachs & Co. LLC | $3.7M | 2.04% |
| Morgan Stanley & Co. LLC | $2.7M | 1.50% |
| Mizuho Securities USA LLC | $2.6M | 1.46% |
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.