C000142365 Fees and Costs — BMO Short-Term Income Fund, Class A
Data updated: 2022-01-19
The net expense ratio is 0.60%: a 0.19% management fee, a 0.25% 12b-1 fee plus 0.26% other expenses, less a 0.10% fee waiver. This share class carries a maximum front-end sales load of 2.00%. Portfolio turnover was 48%.
C000142365 Fees and Expenses
Annual operating expenses and sales charges of C000142365. Prospectus, as of December 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.19% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.26% |
| Gross expense ratio | 0.70% |
| Fee waiver | −0.10% |
| Net expense ratio | 0.60% |
| Sales charges | |
|---|---|
| Max front load | 2.00% |
| 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 |
C000142365 Costs Over Time
On $10,000 invested in C000142365, assuming 5% a year before costs, total costs come to $626 over 5 years, cutting the return by 1.05% 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 |
| Sales charges | $200 | $200 | $200 |
| Fund expenses (net expense ratio 0.60%) | $62 | $193 | $337 |
| Lost growth on money paid in costs | $10 | $41 | $89 |
| Total costs | $272 | $435 | $626 |
| Value after costs | $10,228 | $11,142 | $12,137 |
| Impact on return, per year | 2.72% | 1.33% | 1.05% |
C000142365 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): $598.9M
- Portfolio turnover (prospectus): 48%
- Securities on loan, average value: $17.7M
- Net income from securities lending: $40K (0.015% of average net assets)
C000142365 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $345.5M | 68.46% |
| J.P. Morgan Securities LLC | $33.7M | 6.68% |
| Nomura Securities International, Inc. | $26.5M | 5.25% |
| BofA Securities, Inc. | $21.3M | 4.22% |
| Goldman Sachs & Co. LLC | $20.2M | 3.99% |
| Wells Fargo Securities, LLC | $15.9M | 3.16% |
| Loop Capital Markets LLC | $12.0M | 2.38% |
| TD Securities (USA) LLC | $10.3M | 2.04% |
| Barclays Capital Inc. | $10.1M | 2.01% |
| RBC Capital Markets, LLC | $9.1M | 1.81% |
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.