UMBAX Fees and Costs — UBS Municipal Bond Fund, Class A
Data updated: 2022-05-26
The net expense ratio is 0.65%: a 0.40% management fee, a 0.25% 12b-1 fee plus 0.34% other expenses, less a 0.34% fee waiver. This share class carries a maximum front-end sales load of 2.25%. Portfolio turnover was 35%.
UMBAX Fees and Expenses
Annual operating expenses and sales charges of UMBAX. Prospectus, as of June 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.34% |
| Gross expense ratio | 0.99% |
| Fee waiver | −0.34% |
| Net expense ratio | 0.65% |
| Sales charges | |
|---|---|
| Max front load | 2.25% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
UMBAX Costs Over Time
On $10,000 invested in UMBAX, assuming 5% a year before costs, total costs come to $687 over 5 years, cutting the return by 1.16% 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 | $225 | $225 | $225 |
| Fund expenses (net expense ratio 0.65%) | $67 | $209 | $364 |
| Lost growth on money paid in costs | $11 | $46 | $99 |
| Total costs | $303 | $480 | $687 |
| Value after costs | $10,197 | $11,097 | $12,075 |
| Impact on return, per year | 3.03% | 1.47% | 1.16% |
UMBAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $274.5M
- Portfolio turnover (prospectus): 35%
- Securities lending: none during the year
UMBAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $86.7M | 33.12% |
| J.P. Morgan Securities LLC | $65.0M | 24.83% |
| Wells Fargo Securities, LLC | $29.3M | 11.17% |
| Citigroup Global Markets Inc. | $26.5M | 10.13% |
| Barclays Capital Inc. | $13.0M | 4.97% |
| U.S. Bancorp Investments, Inc. | $10.3M | 3.92% |
| Morgan Stanley & Co. LLC | $9.6M | 3.65% |
| BofA Securities, Inc. | $9.5M | 3.64% |
| Stifel, Nicolaus & Company, Incorporated | $7.8M | 2.98% |
| National Financial Services LLC | $4.2M | 1.60% |
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.