C000135340 Fees and Costs — BMO Small-Cap Core Fund, Class I
Data updated: 2020-07-20
The net expense ratio is 0.90%: a 0.65% management fee plus 1.00% other expenses, less a 0.75% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $27K in broker commissions, 0.1429% of average net assets, and portfolio turnover was 81%.
C000135340 Fees and Expenses
Annual operating expenses and sales charges of C000135340. Prospectus, as of December 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.00% |
| Gross expense ratio | 1.65% |
| Fee waiver | −0.75% |
| Net expense ratio | 0.90% |
| 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 |
C000135340 Costs Over Time
On $10,000 invested in C000135340, assuming 5% a year before costs, total costs come to $652 over 5 years, cutting the return by 1.10% 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 0.90%) | $94 | $295 | $511 |
| Trading costs (broker commissions) | $15 | $47 | $81 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $110 | $358 | $652 |
| Value after costs | $10,390 | $11,218 | $12,111 |
| Impact on return, per year | 1.10% | 1.10% | 1.10% |
C000135340 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): 0.1429%
- Total broker commissions: $27K
- Bought from dealers (principal trades, not a cost): $15.4M
- Portfolio turnover (prospectus): 81%
- Securities on loan, average value: $8.2M
- Net income from securities lending: $11K (0.056% of average net assets)
C000135340 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ConvergEx Prime Services LLC | $4K | 19.40% |
| Investment Technology Group, Inc. | $4K | 19.03% |
| RBC Capital Markets, LLC | $4K | 17.44% |
| Sanford C. Bernstein & Co., LLC | $2K | 9.39% |
| Instinet, LLC | $2K | 7.19% |
| Liquidnet, Inc. | $1K | 6.35% |
| Wall Street Access Corporation | $1K | 6.10% |
| Isi Financial Group Inc. | $1K | 5.29% |
| Cowen and Company, LLC | $1K | 5.24% |
| Weeden & Co. L.P. | $999 | 4.57% |
C000135340 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $15.4M | 100.00% |
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.