FFNNX Fees and Costs — Select Consumer Discretionary Portfolio, Class M
Data updated: 2026-07-24
The net expense ratio is 1.25%: a 0.70% management fee, a 0.50% 12b-1 fee plus 0.05% other expenses. This share class carries a maximum front-end sales load of 3.50%. In fiscal 2026 the fund paid $46K in broker commissions, 0.0072% of average net assets, and portfolio turnover was 21%.
FFNNX Fees and Expenses
Annual operating expenses and sales charges of FFNNX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.05% |
| Gross expense ratio | 1.25% |
| Fee waiver | — |
| Net expense ratio | 1.25% |
| Sales charges | |
|---|---|
| Max front load | 3.50% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FFNNX Costs Over Time
On $10,000 invested in FFNNX, assuming 5% a year before costs, total costs come to $1,202 over 5 years, cutting the return by 2.06% 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 |
| Sales charges | $350 | $350 | $350 |
| Fund expenses (net expense ratio 1.25%) | $127 | $394 | $682 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $18 | $75 | $166 |
| Total costs | $495 | $821 | $1,202 |
| Value after costs | $10,005 | $10,755 | $11,561 |
| Impact on return, per year | 4.95% | 2.54% | 2.06% |
FFNNX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0072%
- Total broker commissions: $46K
- Bought from dealers (principal trades, not a cost): $74K
- Portfolio turnover (prospectus): 21%
- Securities on loan, average value: $12.9M
- Net income from securities lending: $16K (0.002% of average net assets)
FFNNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $7K | 20.66% |
| GOLDMAN SACHS GROUP INC (THE) | $5K | 14.45% |
| BANK OF AMERICA CORPORATION | $4K | 12.54% |
| UBS GROUP AG | $4K | 12.10% |
| MORGAN STANLEY | $3K | 9.37% |
| BARCLAYS PLC | $3K | 9.26% |
| VIRTU FINANCIAL INC | $2K | 6.67% |
| BNP PARIBAS | $2K | 5.54% |
| ROYAL BANK OF CANADA | $2K | 4.71% |
| JEFFERIES FINANCIAL GROUP INC | $2K | 4.69% |
FFNNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $58K | 78.32% |
| JPMORGAN CHASE and CO | $16K | 21.68% |
Select Consumer Discretionary Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FFNUX | Class Z | 0.60% | none |
| FSCPX | Select Consumer Discretionary Portfolio | 0.69% | — |
| FFNQX | Class I | 0.73% | none |
| FFNRX | Class A | 0.99% | 5.75% |
| FFNNX | Class M | 1.25% | 3.50% |
| FFNSX | Class C | 1.74% | none |
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.