ELFNX Fees and Costs — Elfun Trusts
Data updated: 2026-08-28
The net expense ratio is 0.17%: a 0.14% management fee plus 0.03% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $486K in broker commissions, 0.0111% of average net assets, and portfolio turnover was 30%.
ELFNX Fees and Expenses
Annual operating expenses and sales charges of ELFNX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.14% |
| 12b-1 fee | — |
| Other expenses | 0.03% |
| Gross expense ratio | 0.17% |
| Fee waiver | — |
| Net expense ratio | 0.17% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
ELFNX Costs Over Time
On $10,000 invested in ELFNX, assuming 5% a year before costs, total costs come to $115 over 5 years, cutting the return by 0.19% 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 0.17%) | $18 | $56 | $98 |
| Trading costs (broker commissions) | $1 | $4 | $6 |
| Lost growth on money paid in costs | $0 | $3 | $10 |
| Total costs | $19 | $63 | $115 |
| Value after costs | $10,481 | $11,513 | $12,648 |
| Impact on return, per year | 0.19% | 0.19% | 0.19% |
ELFNX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0111%
- Total broker commissions: $486K
- Bought from dealers (principal trades, not a cost): $1.4B
- Portfolio turnover (prospectus): 30%
- Securities lending: none during the year
ELFNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $140K | 29.95% |
| Barclays Capital Inc. | $73K | 15.57% |
| Morgan Stanley & Co. LLC | $66K | 14.23% |
| J.P. Morgan Securities LLC | $61K | 13.02% |
| Citadel Securities LLC | $33K | 7.03% |
| Goldman Sachs & Co. LLC | $28K | 6.03% |
| Fidelity Brokerage Services LLC | $25K | 5.35% |
| Nomura Securities International, Inc. | $20K | 4.36% |
| Virtu Americas LLC | $12K | 2.48% |
| BofA Securities, Inc. | $9K | 1.99% |
ELFNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.4B | 100.00% |
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.