NBDAX Fees and Costs — Nationwide Bond Fund, Class A
Data updated: 2025-03-19
The net expense ratio is 0.76%: a 0.41% management fee, a 0.25% 12b-1 fee plus 0.17% other expenses, less a 0.07% fee waiver. This share class carries a maximum front-end sales load of 2.25%. In fiscal 2024 the fund paid $14K in broker commissions, 0.0052% of average net assets, and portfolio turnover was 42%.
NBDAX Fees and Expenses
Annual operating expenses and sales charges of NBDAX. Prospectus, as of November 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.41% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.17% |
| Gross expense ratio | 0.83% |
| Fee waiver | −0.07% |
| Net expense ratio | 0.76% |
| Sales charges | |
|---|---|
| Max front load | 2.25% |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
NBDAX Costs Over Time
On $10,000 invested in NBDAX, assuming 5% a year before costs, total costs come to $757 over 5 years, cutting the return by 1.28% 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 | $225 | $225 | $225 |
| Fund expenses (net expense ratio 0.76%) | $78 | $244 | $424 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $11 | $48 | $105 |
| Total costs | $315 | $518 | $757 |
| Value after costs | $10,185 | $11,058 | $12,006 |
| Impact on return, per year | 3.15% | 1.59% | 1.28% |
NBDAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0052%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $136.6M
- Portfolio turnover (prospectus): 42%
- Securities on loan, average value: $13.8M
- Net income from securities lending: $15K (0.005% of average net assets)
NBDAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $14K | 100.00% |
NBDAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $17.2M | 16.82% |
| BofA Securities, Inc. | $13.0M | 12.76% |
| Citigroup Global Markets Inc. | $12.2M | 11.98% |
| J.P. Morgan Securities LLC | $11.9M | 11.67% |
| Wells Fargo Securities, LLC | $11.4M | 11.17% |
| Goldman Sachs & Co. LLC | $9.1M | 8.96% |
| Barclays Capital, Inc. | $8.9M | 8.71% |
| Keybanc Capital Markets Inc. | $7.4M | 7.27% |
| Citadel Securities LLC | $6.7M | 6.52% |
| Mizuho Securities USA LLC | $4.2M | 4.14% |
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.