COINX Fees and Costs — Madison Corporate Bond Fund, Corporate Bond Fund Class Y
Data updated: 2020-06-15
The net expense ratio is 0.65%: a 0.40% management fee plus 0.25% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 20%.
COINX Fees and Expenses
Annual operating expenses and sales charges of COINX. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.25% |
| Gross expense ratio | 0.65% |
| Fee waiver | — |
| Net expense ratio | 0.65% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
COINX Costs Over Time
On $10,000 invested in COINX, assuming 5% a year before costs, total costs come to $409 over 5 years, cutting the return by 0.68% 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 0.65%) | $68 | $214 | $372 |
| Lost growth on money paid in costs | $0 | $11 | $37 |
| Total costs | $68 | $224 | $409 |
| Value after costs | $10,432 | $11,352 | $12,353 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
COINX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $99.3M
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
COINX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $87.8M | 90.04% |
| MarketAxess Corporation | $4.3M | 4.42% |
| BofA Securities, Inc. | $1.2M | 1.26% |
| Citigroup Global Markets Inc. | $958K | 0.98% |
| Millennium Advisors, LLC | $860K | 0.88% |
| Goldman Sachs & Co. LLC | $655K | 0.67% |
| Pershing LLC | $458K | 0.47% |
| Wells Fargo Securities, LLC | $451K | 0.46% |
| J.P. Morgan Securities LLC | $449K | 0.46% |
| Morgan Stanley & Co. LLC | $348K | 0.36% |
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.