C000096218 Fees and Costs — BMO Intermediate Tax-Free Fund, Class I
Data updated: 2022-01-19
The net expense ratio is 0.31%: a 0.12% management fee plus 0.19% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 52%.
C000096218 Fees and Expenses
Annual operating expenses and sales charges of C000096218. Prospectus, as of December 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.12% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.19% |
| Gross expense ratio | 0.31% |
| Fee waiver | — |
| Net expense ratio | 0.31% |
| 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 |
C000096218 Costs Over Time
On $10,000 invested in C000096218, assuming 5% a year before costs, total costs come to $197 over 5 years, cutting the return by 0.33% 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 0.31%) | $33 | $102 | $179 |
| Lost growth on money paid in costs | $0 | $5 | $18 |
| Total costs | $33 | $107 | $197 |
| Value after costs | $10,467 | $11,469 | $12,566 |
| Impact on return, per year | 0.33% | 0.33% | 0.33% |
C000096218 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): $2.5B
- Portfolio turnover (prospectus): 52%
- Securities lending: none during the year
C000096218 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.1B | 45.99% |
| J.P. Morgan Securities LLC | $248.9M | 10.74% |
| BofA Securities, Inc. | $247.2M | 10.66% |
| Morgan Stanley & Co. LLC | $179.7M | 7.75% |
| U.S. Bancorp Investments, Inc. | $179.6M | 7.75% |
| Barclays Capital Inc. | $176.7M | 7.62% |
| Citigroup Global Markets Inc. | $76.6M | 3.31% |
| Goldman Sachs & Co. LLC | $65.1M | 2.81% |
| Stifel, Nicolaus & Company, Incorporated | $41.4M | 1.79% |
| Jefferies LLC | $36.7M | 1.58% |
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.