OWSBX Fees and Costs — Old Westbury Short-Term Bond Fund
Data updated: 2026-09-22
The net expense ratio is 0.37%: a 0.32% management fee plus 0.42% other expenses, less a 0.37% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 28%.
OWSBX Fees and Expenses
Annual operating expenses and sales charges of OWSBX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.32% |
| 12b-1 fee | — |
| Other expenses | 0.42% |
| Gross expense ratio | 0.74% |
| Fee waiver | −0.37% |
| Net expense ratio | 0.37% |
| 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 |
OWSBX Costs Over Time
On $10,000 invested in OWSBX, assuming 5% a year before costs, total costs come to $234 over 5 years, cutting the return by 0.39% 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 0.37%) | $39 | $122 | $213 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $39 | $128 | $234 |
| Value after costs | $10,461 | $11,448 | $12,528 |
| Impact on return, per year | 0.39% | 0.39% | 0.39% |
OWSBX 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): $112.7M
- Portfolio turnover (prospectus): 28%
- Securities lending: none during the year
OWSBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BMO CAPITAL MARKETS CORP. | $26.1M | 25.57% |
| WELLS FARGO SECURITIES, LLC | $18.8M | 18.41% |
| MORGAN STANLEY & CO. LLC | $14.4M | 14.12% |
| BOFA SECURITIES, INC. | $12.4M | 12.12% |
| DEUTSCHE BANK SECURITIES, INC. | $11.5M | 11.27% |
| J.P. Morgan Securities LLC | $8.2M | 8.05% |
| CITADEL SECURITIES LLC | $3.3M | 3.21% |
| JEFFERIES LLC | $2.7M | 2.62% |
| BARCLAYS CAPITAL, INC. | $2.6M | 2.58% |
| GOLDMAN SACHS & CO. | $2.1M | 2.05% |
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.