KYTFX Fees and Costs — Kentucky Tax-Free Income Series
Data updated: 2026-10-13
The net expense ratio is 0.61%: a 0.40% management fee plus 0.21% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 19%.
KYTFX Fees and Expenses
Annual operating expenses and sales charges of KYTFX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.21% |
| Gross expense ratio | 0.61% |
| Fee waiver | — |
| Net expense ratio | 0.61% |
| 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 |
KYTFX Costs Over Time
On $10,000 invested in KYTFX, assuming 5% a year before costs, total costs come to $385 over 5 years, cutting the return by 0.64% 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 0.61%) | $64 | $201 | $349 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $64 | $211 | $385 |
| Value after costs | $10,436 | $11,366 | $12,378 |
| Impact on return, per year | 0.64% | 0.64% | 0.64% |
KYTFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $147.9M
- Portfolio turnover (prospectus): 19%
- Securities lending: none during the year
KYTFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA Merrill Lynch | $42.1M | 33.03% |
| Wells Fargo Bank NA | $26.7M | 21.00% |
| Morgan Stanley and Company LLC | $19.1M | 15.00% |
| Northland Securities, Inc. | $10.4M | 8.20% |
| Mesirow Financial, Inc. | $8.2M | 6.45% |
| Bank of Oklahoma Financial Services, Inc. | $5.3M | 4.18% |
| PNC Securities | $4.9M | 3.86% |
| KeyBanc Capital Markets | $4.0M | 3.18% |
| Robert Baird | $3.5M | 2.72% |
| Barclays Capital Inc | $3.0M | 2.37% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.