KYSMX Fees and Costs — Kentucky Tax-Free Short-to-Medium Series
Data updated: 2025-09-10
The net expense ratio is 0.81%: a 0.50% management fee plus 0.31% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 25%.
KYSMX Fees and Expenses
Annual operating expenses and sales charges of KYSMX. Prospectus, as of October 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.31% |
| Gross expense ratio | 0.81% |
| Fee waiver | — |
| Net expense ratio | 0.81% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
KYSMX Costs Over Time
On $10,000 invested in KYSMX, assuming 5% a year before costs, total costs come to $509 over 5 years, cutting the return by 0.85% 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 0.81%) | $85 | $266 | $462 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $85 | $279 | $509 |
| Value after costs | $10,415 | $11,297 | $12,254 |
| Impact on return, per year | 0.85% | 0.85% | 0.85% |
KYSMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $6.3M
- Portfolio turnover (prospectus): 25%
- Securities lending: none during the year
KYSMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Fifth Third Securities | $1.0M | 17.68% |
| Robert Baird | $903K | 15.71% |
| Carty & Company, Inc. | $900K | 15.66% |
| J P MORGAN | $846K | 14.71% |
| Northland Securities, Inc. | $806K | 14.02% |
| Stonex Financial | $681K | 11.84% |
| Hilltop Securities Inc | $596K | 10.37% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.