NEEIX Fees and Costs — Needham Growth Fund, Institutional Class
Data updated: 2026-08-26
The net expense ratio is 1.18% (1.47% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $63K in broker commissions, 0.0403% of average net assets, and portfolio turnover was 6%.
NEEIX Fees and Expenses
Annual operating expenses and sales charges of NEEIX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 1.47% |
| Fee waiver | −0.29% |
| Net expense ratio | 1.18% |
| 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 | Yes |
NEEIX Costs Over Time
On $10,000 invested in NEEIX, assuming 5% a year before costs, total costs come to $760 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 |
| Fund expenses (net expense ratio 1.18%) | $124 | $386 | $667 |
| Trading costs (broker commissions) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $0 | $20 | $70 |
| Total costs | $128 | $419 | $760 |
| Value after costs | $10,372 | $11,158 | $12,003 |
| Impact on return, per year | 1.28% | 1.28% | 1.28% |
NEEIX 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): 0.0403%
- Total broker commissions: $63K
- Bought from dealers (principal trades, not a cost): $340K
- Portfolio turnover (prospectus): 6%
- Securities lending: none during the year
NEEIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Needham and Co. | $16K | 32.30% |
| Oppenheimer & Co. Inc. | $6K | 12.36% |
| J.P. MORGAN SECURITIES LLC | $5K | 11.00% |
| Stifel Nicolaus and Co. Inc. | $5K | 9.29% |
| Pershing, LLC. | $4K | 7.71% |
| Goldman Sachs and Co. | $3K | 6.25% |
| INSTINET LLC | $3K | 5.86% |
| Raymond James and Associates Inc. | $3K | 5.28% |
| EVERCORE GROUP, LLC | $2K | 5.01% |
| Morgan Stanley and Co. Inc. | $2K | 4.95% |
NEEIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| LOOP CAPITAL MARKETS, LLC. | $121K | 35.50% |
| Goldman Sachs and Co. | $76K | 22.41% |
| J.P. MORGAN SECURITIES LLC | $67K | 19.62% |
| Jefferies & Company Inc. | $66K | 19.33% |
| Morgan Stanley and Co. Inc. | $11K | 3.13% |
Needham 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 |
|---|---|---|---|
| NEEIX | Institutional Class | 1.18% | — |
| NEEGX | Retail Class | 1.67% | — |
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.