OWNYX Fees and Costs — Old Westbury New York Municipal Bond Fund
Data updated: 2026-09-22
The net expense ratio is 0.57%: a 0.44% management fee plus 0.30% other expenses, less a 0.17% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 19%.
OWNYX Fees and Expenses
Annual operating expenses and sales charges of OWNYX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.44% |
| 12b-1 fee | — |
| Other expenses | 0.30% |
| Gross expense ratio | 0.74% |
| Fee waiver | −0.17% |
| Net expense ratio | 0.57% |
| 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 |
OWNYX Costs Over Time
On $10,000 invested in OWNYX, assuming 5% a year before costs, total costs come to $360 over 5 years, cutting the return by 0.60% 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 0.57%) | $60 | $188 | $327 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $60 | $197 | $360 |
| Value after costs | $10,440 | $11,379 | $12,403 |
| Impact on return, per year | 0.60% | 0.60% | 0.60% |
OWNYX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $194.4M
- Portfolio turnover (prospectus): 19%
- Securities lending: none during the year
OWNYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $31.3M | 19.61% |
| SAMUEL A. RAMIREZ & COMPANY, INC. | $23.1M | 14.50% |
| Truist Securities, Inc. | $18.1M | 11.37% |
| BARCLAYS CAPITAL, INC. | $17.4M | 10.93% |
| THE BANK OF NEW YORK MELLON | $16.6M | 10.40% |
| JEFFERIES LLC | $14.8M | 9.25% |
| WELLS FARGO SECURITIES, LLC | $11.5M | 7.19% |
| J.P. Morgan Securities LLC | $10.8M | 6.76% |
| BMO CAPITAL MARKETS CORP. | $8.5M | 5.33% |
| GOLDMAN SACHS & CO. LLC | $7.4M | 4.66% |
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.