BNGXX Fees and Costs — U.S. Government Portfolio, Shares
Data updated: 2026-03-27
The net expense ratio is 0.25%: a 0.23% management fee plus 0.03% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees.
BNGXX Fees and Expenses
Annual operating expenses and sales charges of BNGXX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.23% |
| 12b-1 fee | — |
| Other expenses | 0.03% |
| Gross expense ratio | 0.26% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.25% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| 7-day yield | 3.59% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
BNGXX Costs Over Time
On $10,000 invested in BNGXX, assuming 5% a year before costs, total costs come to $159 over 5 years, cutting the return by 0.26% 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 0.25%) | $26 | $83 | $144 |
| Lost growth on money paid in costs | $0 | $4 | $14 |
| Total costs | $26 | $87 | $159 |
| Value after costs | $10,474 | $11,490 | $12,604 |
| Impact on return, per year | 0.26% | 0.26% | 0.26% |
BNGXX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $32.9B
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
BNGXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS BANK PLC | $8.7B | 28.40% |
| Nomura Securities International, Inc. | $5.0B | 16.28% |
| BANK OF AMERICA CORPORATION | $4.7B | 15.37% |
| DEUTSCHE BANK SECURITIES INC. | $3.4B | 11.18% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $2.9B | 9.35% |
| Academy Securities, Inc. | $1.5B | 4.86% |
| JPMorgan Chase Bank, National Association | $1.3B | 4.36% |
| Citadel Enterprise Americas, LLC | $1.3B | 4.31% |
| JEFFERIES LLC | $980.0M | 3.21% |
| PERSHING LLC | $818.9M | 2.68% |
U.S. Government Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| BGCXX | Service Shares | 0.25% | — |
| BGDXX | C000003451 | 0.25% | — |
| BNGXX | Shares | 0.25% | — |
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.