ELFTX Fees and Costs — Elfun Tax Exempt Income Fund
Data updated: 2026-08-28
The net expense ratio is 0.22%: a 0.16% management fee plus 0.06% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 35%.
ELFTX Fees and Expenses
Annual operating expenses and sales charges of ELFTX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.16% |
| 12b-1 fee | — |
| Other expenses | 0.06% |
| Gross expense ratio | 0.22% |
| Fee waiver | — |
| Net expense ratio | 0.22% |
| 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 |
ELFTX Costs Over Time
On $10,000 invested in ELFTX, assuming 5% a year before costs, total costs come to $140 over 5 years, cutting the return by 0.23% 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 0.22%) | $23 | $73 | $127 |
| Lost growth on money paid in costs | $0 | $4 | $13 |
| Total costs | $23 | $76 | $140 |
| Value after costs | $10,477 | $11,500 | $12,623 |
| Impact on return, per year | 0.23% | 0.23% | 0.23% |
ELFTX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $966.2M
- Portfolio turnover (prospectus): 35%
- Securities lending: none during the year
ELFTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $316.4M | 37.48% |
| BNY Capital Markets, LLC | $181.0M | 21.43% |
| Raymond James & Associates, Inc. | $133.9M | 15.86% |
| Morgan Stanley & Co. LLC | $57.8M | 6.84% |
| J.P. Morgan Securities LLC | $53.9M | 6.39% |
| Cantor Fitzgerald & Co. | $25.8M | 3.06% |
| First Horizon Advisors, Inc. | $21.3M | 2.53% |
| BofA Securities, Inc. | $18.8M | 2.22% |
| RBC Capital Markets, LLC | $17.7M | 2.09% |
| Barclays Capital Inc. | $17.7M | 2.09% |
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.