C000159353 Fees and Costs — BMO Global Long/Short Equity Fund, Class I
Data updated: 2020-01-23
The net expense ratio is 1.41% (2.66% before fee waivers). This share class carries a redemption fee of 2.00%. In fiscal 2019 the fund paid $7K in broker commissions, 0.1131% of average net assets, and portfolio turnover was 79%.
C000159353 Fees and Expenses
Annual operating expenses and sales charges of C000159353. Prospectus, as of March 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.60% |
| Gross expense ratio | 2.66% |
| Fee waiver | −1.25% |
| Net expense ratio | 1.41% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| 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 |
C000159353 Costs Over Time
On $10,000 invested in C000159353, assuming 5% a year before costs, total costs come to $943 over 5 years, cutting the return by 1.60% 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 1.41%) | $148 | $459 | $792 |
| Trading costs (broker commissions) | $12 | $37 | $64 |
| Lost growth on money paid in costs | $0 | $25 | $87 |
| Total costs | $160 | $521 | $943 |
| Value after costs | $10,340 | $11,055 | $11,820 |
| Impact on return, per year | 1.60% | 1.60% | 1.60% |
C000159353 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): 0.1131%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $50.4M
- Portfolio turnover (prospectus): 79%
- Securities on loan, average value: $161K
- Net income from securities lending: $3K (0.054% of average net assets)
C000159353 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $5K | 70.41% |
| Goldman Sachs & Co. LLC | $666 | 9.40% |
| Pershing LLC | $343 | 4.84% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $272 | 3.84% |
| Weeden & Co. L.P. | $199 | 2.81% |
| Investment Technology Group, Inc. | $186 | 2.63% |
| RBC Capital Markets, LLC | $177 | 2.50% |
| Sanford C. Bernstein & Co., LLC | $145 | 2.05% |
| National Financial Services Corporation | $81 | 1.14% |
| Instinet, LLC | $27 | 0.38% |
C000159353 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMorgan Chase & Co. | $42.5M | 84.36% |
| State Street Bank and Trust Company | $7.9M | 15.64% |
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.