NEAIX Fees and Costs — Needham Aggressive Growth Fund, Instituitonal Class
Data updated: 2026-08-26
The net expense ratio is 1.19% (1.46% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $657K in broker commissions, 0.0729% of average net assets, and portfolio turnover was 16%.
NEAIX Fees and Expenses
Annual operating expenses and sales charges of NEAIX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.45% |
| Gross expense ratio | 1.46% |
| Fee waiver | −0.27% |
| Net expense ratio | 1.19% |
| 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 | Yes |
NEAIX Costs Over Time
On $10,000 invested in NEAIX, assuming 5% a year before costs, total costs come to $786 over 5 years, cutting the return by 1.33% 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 1.19%) | $125 | $389 | $672 |
| Trading costs (broker commissions) | $8 | $24 | $41 |
| Lost growth on money paid in costs | $0 | $20 | $72 |
| Total costs | $133 | $433 | $786 |
| Value after costs | $10,367 | $11,143 | $11,977 |
| Impact on return, per year | 1.33% | 1.33% | 1.33% |
NEAIX 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): 0.0729%
- Total broker commissions: $657K
- Bought from dealers (principal trades, not a cost): $4.3M
- Portfolio turnover (prospectus): 16%
- Securities lending: none during the year
NEAIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Needham and Co. | $221K | 45.30% |
| Morgan Stanley and Co. Inc. | $68K | 14.06% |
| Oppenheimer & Co. Inc. | $28K | 5.81% |
| Pershing, LLC. | $28K | 5.76% |
| William Blair and Co. LLC | $27K | 5.51% |
| LOOP CAPITAL MARKETS, LLC. | $26K | 5.41% |
| INSTINET LLC | $25K | 5.07% |
| J.P. MORGAN SECURITIES LLC | $23K | 4.63% |
| Raymond James and Associates Inc. | $21K | 4.24% |
| Goldman Sachs and Co. | $21K | 4.22% |
NEAIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $1.2M | 27.31% |
| Needham and Co. | $1.0M | 23.49% |
| Jefferies & Company Inc. | $833K | 19.57% |
| CANACCORD CAPITAL CORP | $741K | 17.40% |
| Goldman Sachs and Co. | $476K | 11.19% |
| Morgan Stanley and Co. Inc. | $44K | 1.04% |
Needham Aggressive Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| NEAIX | Instituitonal Class | 1.19% | — |
| NEAGX | Retail Class | 1.64% | — |
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.