NHYMX Fees and Costs — High Yield Municipal Fund
Data updated: 2025-02-24
The net expense ratio is 0.59%: a 0.56% management fee plus 0.08% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 15%.
NHYMX Fees and Expenses
Annual operating expenses and sales charges of NHYMX. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.56% |
| 12b-1 fee | — |
| Other expenses | 0.08% |
| Gross expense ratio | 0.65% |
| Fee waiver | −0.06% |
| Net expense ratio | 0.59% |
| 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 |
NHYMX Costs Over Time
On $10,000 invested in NHYMX, assuming 5% a year before costs, total costs come to $372 over 5 years, cutting the return by 0.62% 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 0.59%) | $62 | $194 | $338 |
| Lost growth on money paid in costs | $0 | $10 | $34 |
| Total costs | $62 | $204 | $372 |
| Value after costs | $10,438 | $11,373 | $12,391 |
| Impact on return, per year | 0.62% | 0.62% | 0.62% |
NHYMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $199.2M
- Portfolio turnover (prospectus): 15%
- Securities lending: none during the year
NHYMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMorgan Chase Bank, National Associatio | $39.9M | 22.33% |
| Wells Fargo Bank, National Association | $21.3M | 11.92% |
| The Northern Trust Company | $21.3M | 11.91% |
| BANK OF AMERICA CORPORATION | $19.2M | 10.72% |
| BARCLAYS BANK PLC | $18.2M | 10.16% |
| RBC CAPITAL MARKETS, LLC | $15.4M | 8.59% |
| PERSHING LLC | $12.7M | 7.10% |
| Truist Bank | $12.3M | 6.90% |
| Citigroup Global Markets Inc. | $11.8M | 6.58% |
| MORGAN STANLEY & CO. LLC | $6.8M | 3.79% |
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.