C000080028 Fees and Costs — BMO Ultra Short Tax-Free Fund, Class I
Data updated: 2022-01-19
The net expense ratio is 0.30%: a 0.17% management fee plus 0.22% other expenses, less a 0.09% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 137%.
C000080028 Fees and Expenses
Annual operating expenses and sales charges of C000080028. Prospectus, as of December 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.17% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.22% |
| Gross expense ratio | 0.39% |
| Fee waiver | −0.09% |
| Net expense ratio | 0.30% |
| 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 |
C000080028 Costs Over Time
On $10,000 invested in C000080028, assuming 5% a year before costs, total costs come to $190 over 5 years, cutting the return by 0.31% 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 0.30%) | $32 | $99 | $173 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $32 | $104 | $190 |
| Value after costs | $10,468 | $11,472 | $12,573 |
| Impact on return, per year | 0.31% | 0.31% | 0.31% |
C000080028 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): $1.9B
- Portfolio turnover (prospectus): 137%
- Securities lending: none during the year
C000080028 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $592.9M | 34.04% |
| J.P. Morgan Securities LLC | $288.9M | 16.58% |
| Morgan Stanley & Co. LLC | $179.4M | 10.30% |
| BofA Securities, Inc. | $169.1M | 9.71% |
| U.S. Bancorp Investments, Inc. | $154.9M | 8.89% |
| Barclays Capital Inc. | $147.7M | 8.48% |
| Goldman Sachs & Co. LLC | $92.6M | 5.31% |
| RBC Capital Markets, LLC | $60.8M | 3.49% |
| Stifel, Nicolaus & Company, Incorporated | $28.1M | 1.61% |
| Oppenheimer & Co. Inc. | $27.8M | 1.59% |
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.