NHFIX Fees and Costs — High Yield Fixed Income Fund
Data updated: 2026-08-28
The net expense ratio is 0.61%: a 0.58% management fee plus 0.07% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $14K in broker commissions, 0.0006% of average net assets, and portfolio turnover was 40%.
NHFIX Fees and Expenses
Annual operating expenses and sales charges of NHFIX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.58% |
| 12b-1 fee | — |
| Other expenses | 0.07% |
| Gross expense ratio | 0.66% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.61% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
NHFIX Costs Over Time
On $10,000 invested in NHFIX, assuming 5% a year before costs, total costs come to $385 over 5 years, cutting the return by 0.64% 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 0.61%) | $64 | $201 | $349 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $64 | $211 | $385 |
| Value after costs | $10,436 | $11,365 | $12,378 |
| Impact on return, per year | 0.64% | 0.64% | 0.64% |
NHFIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0006%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $3.2B
- Portfolio turnover (prospectus): 40%
- Securities on loan, average value: $130.7M
- Net income from securities lending: $1.2M (0.052% of average net assets)
NHFIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citibank, National Association | $11K | 81.31% |
| BARCLAYS BANK PLC | $2K | 15.04% |
| PIPER SANDLER & CO. | $500 | 3.65% |
NHFIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Northern Trust Company | $1.3B | 47.87% |
| JPMorgan Chase Bank, National Association | $324.9M | 11.53% |
| GOLDMAN SACHS & CO. LLC | $225.7M | 8.01% |
| BANK OF AMERICA CORPORATION | $207.9M | 7.38% |
| CITIGROUP GLOBAL MARKETS INC. | $185.8M | 6.59% |
| BARCLAYS BANK PLC | $164.9M | 5.85% |
| Bank of America, National Association | $107.0M | 3.80% |
| MORGAN STANLEY & CO. LLC | $99.6M | 3.53% |
| JEFFERIES LLC. | $96.2M | 3.42% |
| WELLS FARGO SECURITIES, LLC | $57.1M | 2.03% |
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.