C000108827 Fees and Costs — BMO High Yield Bond Fund, Class I
Data updated: 2020-07-20
The net expense ratio is 0.66%: a 0.50% management fee plus 1.49% other expenses, less a 1.34% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 24%.
C000108827 Fees and Expenses
Annual operating expenses and sales charges of C000108827. Prospectus, as of December 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.49% |
| Gross expense ratio | 2.00% |
| Fee waiver | −1.34% |
| Net expense ratio | 0.66% |
| 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 |
C000108827 Costs Over Time
On $10,000 invested in C000108827, assuming 5% a year before costs, total costs come to $416 over 5 years, cutting the return by 0.69% 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 0.66%) | $69 | $217 | $378 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $69 | $228 | $416 |
| Value after costs | $10,431 | $11,349 | $12,347 |
| Impact on return, per year | 0.69% | 0.69% | 0.69% |
C000108827 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $14.9M
- Portfolio turnover (prospectus): 24%
- Securities on loan, average value: $3.5M
- Net income from securities lending: $7K (0.071% of average net assets)
C000108827 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $9.3M | 67.14% |
| JPMorgan Chase & Co. | $941K | 6.82% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $759K | 5.50% |
| Pershing LLC | $743K | 5.38% |
| Barclays Capital Inc. | $559K | 4.05% |
| Goldman Sachs & Co. LLC | $417K | 3.02% |
| Jefferies LLC | $356K | 2.58% |
| Morgan Stanley & Co. LLC | $319K | 2.31% |
| Citigroup Global Markets Inc. | $247K | 1.79% |
| SunTrust Robinson Humphrey, Inc. | $194K | 1.40% |
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.