C000118495 Fees and Costs — BMO Short Tax-Free Fund, Class I
Data updated: 2022-01-19
The net expense ratio is 0.40%: a 0.20% management fee plus 0.29% other expenses, less a 0.09% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 62%.
C000118495 Fees and Expenses
Annual operating expenses and sales charges of C000118495. Prospectus, as of December 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.29% |
| Gross expense ratio | 0.49% |
| Fee waiver | −0.09% |
| Net expense ratio | 0.40% |
| 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 |
C000118495 Costs Over Time
On $10,000 invested in C000118495, assuming 5% a year before costs, total costs come to $253 over 5 years, cutting the return by 0.42% 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 0.40%) | $42 | $132 | $230 |
| Lost growth on money paid in costs | $0 | $7 | $23 |
| Total costs | $42 | $138 | $253 |
| Value after costs | $10,458 | $11,438 | $12,510 |
| Impact on return, per year | 0.42% | 0.42% | 0.42% |
C000118495 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): $388.0M
- Portfolio turnover (prospectus): 62%
- Securities lending: none during the year
C000118495 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $189.0M | 52.01% |
| Morgan Stanley & Co. LLC | $34.9M | 9.60% |
| BofA Securities, Inc. | $29.8M | 8.20% |
| U.S. Bancorp Investments, Inc. | $27.5M | 7.57% |
| J.P. Morgan Securities LLC | $25.1M | 6.90% |
| Barclays Capital Inc. | $17.9M | 4.91% |
| Goldman Sachs & Co. LLC | $13.2M | 3.64% |
| Pershing LLC | $10.4M | 2.87% |
| Citigroup Global Markets Inc. | $8.7M | 2.39% |
| Stifel, Nicolaus & Company, Incorporated | $6.9M | 1.90% |
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.