Expense Ratio History

BWDAX expense ratio history

Boyd Watterson Limited Duration Enhanced Income Fund, Boyd Watterson Limited Duration Enhanced Income Fund Class A Shares

Fund company
Northern Trust
Type
Mutual fund

0.86%

In basis points
86 basis points
Yearly cost per $10,000
$86
Prospectus dated
1 November 2023, filed with the SEC; rounded to 0.01%
Last change
Cut from 0.88% on 1 November 2021

Fee over time

BWDAX expense ratio: 0.87% until 27 Feb 2019, then 0.89%; 0.89% until 1 Nov 2019, then 0.84%; 0.84% until 27 Nov 2020, then 0.88%; 0.88% until 1 Nov 2021, then 0.86%; read at 0.86% on 1 Nov 2023.0.00%0.50%1.00%1.50%Jun 2016Sep 2017Dec 2018Mar 2020Jun 2021Sep 20220.87% before0.86% from 1 Nov 2021
BWDAX expense ratio: 0.87% until 27 Feb 2019, then 0.89%; 0.89% until 1 Nov 2019, then 0.84%; 0.84% until 27 Nov 2020, then 0.88%; 0.88% until 1 Nov 2021, then 0.86%; read at 0.86% on 1 Nov 2023.0.00%0.50%1.00%1.50%Jun 2016Dec 2018Jun 20210.87% before0.86% from 1 Nov 2021
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Share classes

The same fund is sold as 6 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
BWDAX (this page) Boyd Watterson Limited Duration Enhanced Income Fund Class A Shares 0.86% — 1 Nov 2023
BWDCX Boyd Watterson Limited Duration Enhanced Income Fund Class C Shares 1.61% 1.60% 1 Nov 2023
BWDIX Boyd Watterson Limited Duration Enhanced Income Fund Class I Shares 0.62% 0.60% 1 Nov 2025
BWDTX Boyd Watterson Limited Duration Enhanced Income Fund Class I2 Shares 0.62% 0.41% 1 Nov 2025
— — 0.92% 0.67% 16 Mar 2017
— — 0.87% 0.77% 16 Mar 2017

Every figure we've recorded

DateFeeWhat happened
1 Nov 2023 0.86% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-11-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Nov 2022 0.86% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-11-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Nov 2021 0.86% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-11-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Nov 2021 0.86% Cut from 0.88% to 0.86%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2021-11-02
27 Nov 2020 0.88% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-11-27 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
27 Nov 2020 0.88% Raised from 0.84% to 0.88%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2020-11-18
1 Nov 2019 0.84% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-11-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Nov 2019 0.84% Cut from 0.89% to 0.84%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2019-12-18
27 Feb 2019 0.89% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-02-27 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
27 Feb 2019 0.89% Raised from 0.87% to 0.89%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2019-03-18
16 Mar 2017 0.87% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-03-16 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
29 Jul 2016 0.87% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-07-29 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
17 Jun 2016 0.87% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-06-17 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 0.86% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$1,064 in fees over 10 years

After fees, $10,000 grows to $14,972.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$88
3 years$275
5 years$479
10 years$1,064

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 9 prospectuses for this share class since 2016. Each one is listed above with a link to the filing.

How we read fees

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