C000142383 Fees and Costs — BMO Global Low Volatility Equity Fund, Class A
Data updated: 2021-07-26
The net expense ratio is 1.10%: a 0.50% management fee, a 0.25% 12b-1 fee plus 0.95% other expenses, less a 0.60% fee waiver. This share class carries a maximum front-end sales load of 5.00%, a deferred sales charge of up to 1.00% and a redemption fee of 2.00%. In fiscal 2020 the fund paid $30K in broker commissions, 0.1127% of average net assets, and portfolio turnover was 49%.
C000142383 Fees and Expenses
Annual operating expenses and sales charges of C000142383. Prospectus, as of December 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.95% |
| Gross expense ratio | 1.70% |
| Fee waiver | −0.60% |
| Net expense ratio | 1.10% |
| Sales charges | |
|---|---|
| Max front load | 5.00% |
| Max deferred load | 1.00% |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000142383 Costs Over Time
On $10,000 invested in C000142383, assuming 5% a year before costs, total costs come to $1,356 over 5 years, cutting the return by 2.33% 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 | $599 | $500 | $500 |
| Fund expenses (net expense ratio 1.10%) | $110 | $342 | $591 |
| Trading costs (broker commissions) | $11 | $35 | $61 |
| Lost growth on money paid in costs | $25 | $97 | $204 |
| Total costs | $745 | $974 | $1,356 |
| Value after costs | $9,755 | $10,602 | $11,407 |
| Impact on return, per year | 7.45% | 3.03% | 2.33% |
C000142383 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.1127%
- Total broker commissions: $30K
- Bought from dealers (principal trades, not a cost): $13.2M
- Portfolio turnover (prospectus): 49%
- Securities on loan, average value: $445K
- Net income from securities lending: $3K (0.010% of average net assets)
C000142383 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $13K | 43.22% |
| Morgan Stanley & Co. LLC | $11K | 38.13% |
| Loop Capital Markets LLC | $2K | 5.45% |
| RBC Capital Markets, LLC | $1K | 4.76% |
| Cowen and Company, LLC | $1K | 3.79% |
| Virtu Itg LLC | $476 | 1.59% |
| Pershing LLC | $403 | 1.34% |
| Cantor Fitzgerald & Co. | $247 | 0.82% |
| Instinet, LLC | $152 | 0.51% |
| HSBC Securities (USA) Inc. | $115 | 0.38% |
C000142383 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $13.2M | 99.91% |
| Morgan Stanley & Co. LLC | $12K | 0.09% |
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.