ANDGX Fees and Costs — NT Disciplined Growth Fund, G Class
Data updated: 2022-05-25
The net expense ratio is 0.01%: a 0.80% management fee plus 0.01% other expenses, less a 0.80% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $187K in broker commissions, 0.0321% of average net assets, and portfolio turnover was 191%.
ANDGX Fees and Expenses
Annual operating expenses and sales charges of ANDGX. Prospectus, as of October 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.81% |
| Fee waiver | −0.80% |
| Net expense ratio | 0.01% |
| 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 |
ANDGX Costs Over Time
On $10,000 invested in ANDGX, assuming 5% a year before costs, total costs come to $27 over 5 years, cutting the return by 0.04% 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 0.01%) | $1 | $3 | $6 |
| Trading costs (broker commissions) | $3 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $1 | $2 |
| Total costs | $4 | $15 | $27 |
| Value after costs | $10,496 | $11,562 | $12,736 |
| Impact on return, per year | 0.04% | 0.04% | 0.04% |
ANDGX 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): 0.0321%
- Total broker commissions: $187K
- Bought from dealers (principal trades, not a cost): $2.6B
- Portfolio turnover (prospectus): 191%
- Securities lending: none during the year
ANDGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Sanford C. Bernstein | $23K | 14.27% |
| Bank of America Merrill Lynch | $21K | 13.28% |
| J.P. Morgan Securities | $21K | 13.04% |
| Evercore ISI Investment Group | $19K | 11.94% |
| Citigroup Capital Markets Inc | $16K | 10.16% |
| Jefferies LLC | $16K | 9.72% |
| Morgan Stanley | $13K | 7.96% |
| UBS Warburg | $11K | 6.94% |
| Barclays Capital | $10K | 6.41% |
| Credit Suisse Securities (USA) LLC Corp | $10K | 6.29% |
ANDGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets | $1.7B | 65.35% |
| BMO Capital Markets | $892.7M | 34.35% |
| UBS Warburg | $4.7M | 0.18% |
| Morgan Stanley | $1.6M | 0.06% |
| Credit Suisse Securities (USA) LLC Corp | $1.5M | 0.06% |
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.