MGWBX Fees and Costs — Madison Large Cap Value Fund, Large Cap Value Fund Class B
Data updated: 2020-09-22
The net expense ratio is 1.91%: a 0.55% management fee, a 1.00% 12b-1 fee plus 0.36% other expenses. This share class carries a deferred sales charge of up to 4.50%. In fiscal 2019 the fund paid $98K in broker commissions, 0.1402% of average net assets, and portfolio turnover was 71%.
MGWBX Fees and Expenses
Annual operating expenses and sales charges of MGWBX. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.36% |
| Gross expense ratio | 1.91% |
| Fee waiver | — |
| Net expense ratio | 1.91% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 4.50% |
| 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 |
MGWBX Costs Over Time
On $10,000 invested in MGWBX, assuming 5% a year before costs, total costs come to $1,256 over 5 years, cutting the return by 2.15% 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 | $463 | $0 | $0 |
| Fund expenses (net expense ratio 1.91%) | $201 | $619 | $1,062 |
| Trading costs (broker commissions) | $15 | $45 | $78 |
| Lost growth on money paid in costs | $0 | $33 | $116 |
| Total costs | $678 | $698 | $1,256 |
| Value after costs | $9,822 | $10,879 | $11,507 |
| Impact on return, per year | 6.78% | 2.15% | 2.15% |
MGWBX 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): 0.1402%
- Total broker commissions: $98K
- Bought from dealers (principal trades, not a cost): $370.8M
- Portfolio turnover (prospectus): 71%
- Securities on loan, average value: $1.4M
- Net income from securities lending: $18K (0.025% of average net assets)
MGWBX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| William Blair & Company, L.L.C. | $27K | 27.32% |
| Sanford C. Bernstein & Co., LLC | $23K | 23.49% |
| Weeden & Co. L.P. | $21K | 21.75% |
| Robert W. Baird & Co. Incorporated | $13K | 12.84% |
| RBC Capital Markets, LLC | $8K | 8.32% |
| Luminex Trading & Analytics LLC | $3K | 3.17% |
| Morgan Stanley & Co. LLC | $2K | 2.16% |
| J.P. Morgan Securities LLC | $943 | 0.96% |
MGWBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $370.8M | 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.