C000142369 Fees and Costs — BMO Ultra Short Tax-Free Fund, Class A
Data updated: 2022-01-19
The net expense ratio is 0.55%: a 0.17% management fee, a 0.25% 12b-1 fee plus 0.22% other expenses, less a 0.09% fee waiver. This share class carries a maximum front-end sales load of 2.00%. Portfolio turnover was 137%.
C000142369 Fees and Expenses
Annual operating expenses and sales charges of C000142369. Prospectus, as of December 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.17% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.22% |
| Gross expense ratio | 0.64% |
| Fee waiver | −0.09% |
| Net expense ratio | 0.55% |
| 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 |
C000142369 Costs Over Time
On $10,000 invested in C000142369, assuming 5% a year before costs, total costs come to $595 over 5 years, cutting the return by 1.00% 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 0.55%) | $57 | $177 | $309 |
| Lost growth on money paid in costs | $10 | $40 | $86 |
| Total costs | $267 | $418 | $595 |
| Value after costs | $10,233 | $11,159 | $12,167 |
| Impact on return, per year | 2.67% | 1.28% | 1.00% |
C000142369 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): $1.9B
- Portfolio turnover (prospectus): 137%
- Securities lending: none during the year
C000142369 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $592.9M | 34.04% |
| J.P. Morgan Securities LLC | $288.9M | 16.58% |
| Morgan Stanley & Co. LLC | $179.4M | 10.30% |
| BofA Securities, Inc. | $169.1M | 9.71% |
| U.S. Bancorp Investments, Inc. | $154.9M | 8.89% |
| Barclays Capital Inc. | $147.7M | 8.48% |
| Goldman Sachs & Co. LLC | $92.6M | 5.31% |
| RBC Capital Markets, LLC | $60.8M | 3.49% |
| Stifel, Nicolaus & Company, Incorporated | $28.1M | 1.61% |
| Oppenheimer & Co. Inc. | $27.8M | 1.59% |
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.