C000071041 Fees and Costs — BMO Corporate Income Fund, Class I
Data updated: 2022-01-19
The net expense ratio is 0.41%: a 0.18% management fee plus 0.23% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 42%.
C000071041 Fees and Expenses
Annual operating expenses and sales charges of C000071041. Prospectus, as of December 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.18% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.23% |
| Gross expense ratio | 0.41% |
| Fee waiver | — |
| Net expense ratio | 0.41% |
| 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 |
C000071041 Costs Over Time
On $10,000 invested in C000071041, assuming 5% a year before costs, total costs come to $260 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 0.41%) | $43 | $135 | $236 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $43 | $142 | $260 |
| Value after costs | $10,457 | $11,434 | $12,503 |
| Impact on return, per year | 0.43% | 0.43% | 0.43% |
C000071041 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $765.3M
- Portfolio turnover (prospectus): 42%
- Securities on loan, average value: $30.7M
- Net income from securities lending: $95K (0.022% of average net assets)
C000071041 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $414.2M | 64.31% |
| J.P. Morgan Securities LLC | $40.8M | 6.33% |
| Citigroup Global Markets Inc. | $28.4M | 4.42% |
| Mizuho Securities USA LLC | $26.9M | 4.18% |
| RBC Capital Markets, LLC | $26.6M | 4.13% |
| BofA Securities, Inc. | $26.6M | 4.12% |
| Morgan Stanley & Co. LLC | $22.9M | 3.55% |
| Barclays Capital Inc. | $20.2M | 3.13% |
| Jefferies LLC | $18.9M | 2.93% |
| Credit Suisse Securities (USA) LLC | $18.7M | 2.90% |
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.