UMBPX Fees and Costs — UBS Municipal Bond Fund, Class P
Data updated: 2022-05-26
The net expense ratio is 0.40%: a 0.40% management fee plus 0.34% other expenses, less a 0.34% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 35%.
UMBPX Fees and Expenses
Annual operating expenses and sales charges of UMBPX. Prospectus, as of June 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.34% |
| Gross expense ratio | 0.74% |
| Fee waiver | −0.34% |
| Net expense ratio | 0.40% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
UMBPX Costs Over Time
On $10,000 invested in UMBPX, assuming 5% a year before costs, total costs come to $253 over 5 years, cutting the return by 0.42% 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 0.40%) | $42 | $132 | $230 |
| Lost growth on money paid in costs | $0 | $7 | $23 |
| Total costs | $42 | $138 | $253 |
| Value after costs | $10,458 | $11,438 | $12,510 |
| Impact on return, per year | 0.42% | 0.42% | 0.42% |
UMBPX 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
UMBPX 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.