OWCIX Fees and Costs — Old Westbury Credit Income Fund
Data updated: 2026-09-22
The net expense ratio is 0.91% (0.92% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $17K in broker commissions, 0.0007% of average net assets, and portfolio turnover was 14%.
OWCIX Fees and Expenses
Annual operating expenses and sales charges of OWCIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.58% |
| 12b-1 fee | — |
| Other expenses | 0.28% |
| Gross expense ratio | 0.92% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.91% |
| 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 | No |
OWCIX Costs Over Time
On $10,000 invested in OWCIX, assuming 5% a year before costs, total costs come to $571 over 5 years, cutting the return by 0.96% 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 0.91%) | $96 | $298 | $518 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $15 | $52 |
| Total costs | $96 | $313 | $571 |
| Value after costs | $10,404 | $11,263 | $12,192 |
| Impact on return, per year | 0.96% | 0.96% | 0.96% |
OWCIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0007%
- Total broker commissions: $17K
- Bought from dealers (principal trades, not a cost): $539.1M
- Portfolio turnover (prospectus): 14%
- Securities lending: none during the year
OWCIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| PIPER SANDLER & CO. | $11K | 66.36% |
| J.P. MORGAN SECURITIES LLC | $6K | 33.64% |
OWCIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL, INC. | $208.3M | 45.35% |
| BMO CAPITAL MARKETS CORP. | $74.2M | 16.15% |
| MORGAN STANLEY & CO. LLC | $30.7M | 6.68% |
| GOLDMAN SACHS & CO. LLC | $28.6M | 6.23% |
| J.P. Morgan Securities LLC | $25.1M | 5.47% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $21.5M | 4.67% |
| CitiGroup Global Markets Inc. | $21.1M | 4.59% |
| BMO Nesbitt Burns Securities Ltd. | $19.0M | 4.15% |
| WELLS FARGO SECURITIES, LLC | $17.1M | 3.72% |
| BTIG LLC | $13.7M | 2.99% |
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.