C000186065 Fees and Costs — BMO Small-Cap Growth Fund, Class A
Data updated: 2022-01-19
The net expense ratio is 1.24%: a 0.68% management fee, a 0.25% 12b-1 fee plus 0.42% other expenses, less a 0.11% 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 $104K in broker commissions, 0.0939% of average net assets, and portfolio turnover was 62%.
C000186065 Fees and Expenses
Annual operating expenses and sales charges of C000186065. Prospectus, as of December 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.68% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.42% |
| Gross expense ratio | 1.35% |
| Fee waiver | −0.11% |
| 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 |
C000186065 Costs Over Time
On $10,000 invested in C000186065, assuming 5% a year before costs, total costs come to $1,426 over 5 years, cutting the return by 2.46% 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 | $665 |
| Trading costs (broker commissions) | $9 | $29 | $50 |
| Lost growth on money paid in costs | $25 | $99 | $211 |
| Total costs | $756 | $1,013 | $1,426 |
| Value after costs | $9,744 | $10,563 | $11,337 |
| Impact on return, per year | 7.56% | 3.16% | 2.46% |
C000186065 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): 0.0939%
- Total broker commissions: $104K
- Bought from dealers (principal trades, not a cost): $44.9M
- Portfolio turnover (prospectus): 62%
- Securities on loan, average value: $15.4M
- Net income from securities lending: $23K (0.021% of average net assets)
C000186065 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Cowen and Company, LLC | $22K | 22.59% |
| Instinet, LLC | $17K | 17.01% |
| Virtu Americas LLC | $17K | 16.84% |
| RBC Capital Markets, LLC | $13K | 13.59% |
| National Financial Services LLC | $10K | 9.74% |
| Jefferies LLC | $5K | 5.50% |
| BofA Securities, Inc. | $4K | 4.55% |
| Capital Institutional Services, Inc. | $4K | 4.29% |
| Raymond James & Associates, Inc. | $4K | 3.88% |
| Cantor Fitzgerald & Co. | $2K | 2.01% |
C000186065 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $44.9M | 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.