C000195291 Fees and Costs — Northern Engage 360 Fund
Data updated: 2023-11-27
The net expense ratio is 0.70%: a 0.68% management fee plus 0.10% other expenses, less a 0.09% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2023 the fund paid $113K in broker commissions, 0.0426% of average net assets, and portfolio turnover was 19%.
C000195291 Fees and Expenses
Annual operating expenses and sales charges of C000195291. Prospectus, as of July 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.68% |
| 12b-1 fee | — |
| Other expenses | 0.10% |
| Gross expense ratio | 0.79% |
| Fee waiver | −0.09% |
| Net expense ratio | 0.70% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000195291 Costs Over Time
On $10,000 invested in C000195291, assuming 5% a year before costs, total costs come to $467 over 5 years, cutting the return by 0.78% 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 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $78 | $256 | $467 |
| Value after costs | $10,422 | $11,320 | $12,296 |
| Impact on return, per year | 0.78% | 0.78% | 0.78% |
C000195291 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0426%
- Total broker commissions: $113K
- Bought from dealers (principal trades, not a cost): $478.2M
- Portfolio turnover (prospectus): 19%
- Securities lending: none during the year
C000195291 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $40K | 42.60% |
| NORTHERN TRUST SECURITIES, INC. | $15K | 15.59% |
| Merrill Lynch, Pierce, Fenner & Smith In | $11K | 11.35% |
| UBS SECURITIES LLC | $8K | 8.79% |
| BANK OF AMERICA CORPORATION | $5K | 4.89% |
| EXANE, INC. | $4K | 4.21% |
| CAPITAL INSTITUTIONAL SERVICES, INC. | $3K | 3.73% |
| JPMorgan Chase Bank, National Associatio | $3K | 3.51% |
| JEFFERIES LLC. | $3K | 2.88% |
| SANFORD C. BERNSTEIN AND CO., LLC | $2K | 2.44% |
C000195291 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Northern Institutional U.S. Government Portfolio | $310.9M | 70.81% |
| INSTINET, LLC | $51.8M | 11.80% |
| NORTHERN TRUST SECURITIES, INC. | $14.5M | 3.31% |
| BANK OF AMERICA CORPORATION | $12.8M | 2.92% |
| UBS SECURITIES LLC | $11.9M | 2.71% |
| Merrill Lynch, Pierce, Fenner & Smith In | $10.7M | 2.43% |
| Citigroup Global Markets Inc. | $8.3M | 1.89% |
| EXANE, INC. | $7.4M | 1.69% |
| CAPITAL INSTITUTIONAL SERVICES, INC. | $5.5M | 1.26% |
| SANFORD C. BERNSTEIN AND CO., LLC | $5.1M | 1.17% |
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.