NDEXX Fees and Costs — Treasury Instruments Portfolio
Data updated: 2026-05-05
The net expense ratio is 0.18%: a 0.16% management fee plus 0.02% other expenses. There are no sales loads or redemption fees.
NDEXX Fees and Expenses
Annual operating expenses and sales charges of NDEXX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.16% |
| 12b-1 fee | — |
| Other expenses | 0.02% |
| Gross expense ratio | 0.18% |
| Fee waiver | — |
| Net expense ratio | 0.18% |
| Sales charges | |
|---|---|
| Max front load | — |
| 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 | No |
NDEXX Costs Over Time
On $10,000 invested in NDEXX, assuming 5% a year before costs, total costs come to $114 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 0.18%) | $19 | $59 | $104 |
| Lost growth on money paid in costs | $0 | $3 | $10 |
| Total costs | $19 | $62 | $114 |
| Value after costs | $10,481 | $11,514 | $12,648 |
| Impact on return, per year | 0.19% | 0.19% | 0.19% |
NDEXX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $76.1B
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
NDEXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS BANK PLC | $14.4B | 19.55% |
| BANK OF AMERICA CORPORATION | $14.3B | 19.38% |
| JPMorgan Chase Bank, National Association | $11.8B | 16.02% |
| CITIGROUP GLOBAL MARKETS INC. | $7.9B | 10.67% |
| Nomura Securities International, Inc. | $7.6B | 10.38% |
| BMO Nesbitt Burns Inc. | $5.3B | 7.21% |
| Citadel Enterprise Americas, LLC | $4.5B | 6.18% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $2.8B | 3.81% |
| JEFFERIES LLC | $2.5B | 3.43% |
| DEUTSCHE BANK SECURITIES INC. | $2.5B | 3.38% |
Treasury Instruments Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| NDEXX | C000271532 | 0.18% | — |
| NTYXX | Shares | 0.18% | — |
| SWIXX | Siebert Williams Shank Shares | 0.18% | — |
| NPYXX | Premier Shares | 0.23% | — |
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.