C000142370 Fees and Costs — BMO Small-Cap Value Fund, Class A
Data updated: 2022-01-19
The net expense ratio is 1.24%: a 0.69% management fee, a 0.25% 12b-1 fee plus 0.47% other expenses, less a 0.17% fee waiver. This share class carries a maximum front-end sales load of 5.00% and a deferred sales charge of up to 1.00%. In fiscal 2021 the fund paid $95K in broker commissions, 0.1155% of average net assets, and portfolio turnover was 67%.
C000142370 Fees and Expenses
Annual operating expenses and sales charges of C000142370. Prospectus, as of December 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.69% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.47% |
| Gross expense ratio | 1.41% |
| Fee waiver | −0.17% |
| Net expense ratio | 1.24% |
| Sales charges | |
|---|---|
| Max front load | 5.00% |
| Max deferred load | 1.00% |
| 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 |
C000142370 Costs Over Time
On $10,000 invested in C000142370, assuming 5% a year before costs, total costs come to $1,438 over 5 years, cutting the return by 2.48% 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 | $598 | $500 | $500 |
| Fund expenses (net expense ratio 1.24%) | $124 | $385 | $664 |
| Trading costs (broker commissions) | $12 | $36 | $62 |
| Lost growth on money paid in costs | $25 | $100 | $212 |
| Total costs | $759 | $1,020 | $1,438 |
| Value after costs | $9,741 | $10,556 | $11,325 |
| Impact on return, per year | 7.59% | 3.18% | 2.48% |
C000142370 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): 0.1155%
- Total broker commissions: $95K
- Bought from dealers (principal trades, not a cost): $44.7M
- Portfolio turnover (prospectus): 67%
- Securities on loan, average value: $6.6M
- Net income from securities lending: $11K (0.013% of average net assets)
C000142370 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $21K | 23.93% |
| National Financial Services LLC | $16K | 18.18% |
| Cowen and Company, LLC | $13K | 15.01% |
| RBC Capital Markets, LLC | $9K | 10.90% |
| Barclays Capital Inc. | $8K | 8.67% |
| Instinet, LLC | $7K | 8.58% |
| Jefferies LLC | $5K | 5.99% |
| Raymond James & Associates, Inc. | $3K | 3.98% |
| Capital Institutional Services, Inc. | $2K | 2.80% |
| J.P. Morgan Securities LLC | $2K | 1.95% |
C000142370 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $44.7M | 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.