NMKBX Fees and Costs — North Square McKee Bond Fund, Class R6
Data updated: 2026-09-25
The net expense ratio is 0.28%: a 0.24% management fee plus 0.19% other expenses, less a 0.15% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 225%.
NMKBX Fees and Expenses
Annual operating expenses and sales charges of NMKBX. Prospectus, as of September 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.24% |
| 12b-1 fee | — |
| Other expenses | 0.19% |
| Gross expense ratio | 0.43% |
| Fee waiver | −0.15% |
| Net expense ratio | 0.28% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
NMKBX Costs Over Time
On $10,000 invested in NMKBX, assuming 5% a year before costs, total costs come to $178 over 5 years, cutting the return by 0.29% 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 0.28%) | $29 | $92 | $162 |
| Lost growth on money paid in costs | $0 | $5 | $16 |
| Total costs | $29 | $97 | $178 |
| Value after costs | $10,471 | $11,479 | $12,585 |
| Impact on return, per year | 0.29% | 0.29% | 0.29% |
NMKBX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $816.5M
- Portfolio turnover (prospectus): 225%
- Securities lending: none during the year
NMKBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES LLC | $162.6M | 20.58% |
| BOFA SECURITIES INC | $142.5M | 18.04% |
| J.P. MORGAN SECURITIES LLC | $78.9M | 9.98% |
| GOLDMAN SACHS & CO | $76.4M | 9.67% |
| TD SECURITIES (USA) LLC | $74.9M | 9.47% |
| CITIGROUP GLOBAL MARKETS INC | $70.3M | 8.89% |
| PERSHING LLC | $66.3M | 8.39% |
| BARCLAYS CAPITAL INC | $44.5M | 5.64% |
| STONEX SECURITIES INC | $38.8M | 4.91% |
| MORGAN STANLEY & CO LLC | $35.0M | 4.43% |
North Square McKee Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| NMKBX | Class R6 | 0.28% | — |
| NMKYX | Class I | 0.47% | — |
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.