EXNTX Fees and Costs — New York Tax Exempt Series, Class A
Data updated: 2023-03-10
The net expense ratio is 0.79%: a 0.50% management fee plus 0.29% other expenses. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $883 in broker commissions, 0.0010% of average net assets, and portfolio turnover was 31%.
EXNTX Fees and Expenses
Annual operating expenses and sales charges of EXNTX. Prospectus, as of February 28, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.29% |
| Gross expense ratio | 0.79% |
| Fee waiver | — |
| Net expense ratio | 0.79% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
EXNTX Costs Over Time
On $10,000 invested in EXNTX, assuming 5% a year before costs, total costs come to $497 over 5 years, cutting the return by 0.83% 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 0.79%) | $83 | $259 | $451 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $83 | $273 | $497 |
| Value after costs | $10,417 | $11,304 | $12,266 |
| Impact on return, per year | 0.83% | 0.83% | 0.83% |
EXNTX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0010%
- Total broker commissions: $883
- Bought from dealers (principal trades, not a cost): $65.9M
- Portfolio turnover (prospectus): 31%
- Securities lending: none during the year
EXNTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SG Cowen Securities Corporation | $883 | 100.00% |
EXNTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $12.7M | 25.13% |
| Loop Capital Markets LLC | $9.9M | 19.62% |
| BARCLAYS CAPITAL, INC. | $5.7M | 11.21% |
| LBMZ SECURITIES, INC. | $5.7M | 11.17% |
| MORGAN STANLEY & CO. LLC | $5.6M | 11.14% |
| HILLTOP SECURITIES INC | $3.3M | 6.49% |
| INTL Fcstone LTD | $2.2M | 4.41% |
| JANNEY MONTGOMERY SCOTT LLC | $2.1M | 4.10% |
| BMO CAPITAL MARKETS CORP. | $1.7M | 3.39% |
| RBC DOMINION SECURITIES, INC. | $1.7M | 3.34% |
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.