NIFAX Fees and Costs — Nationwide Inflation-Protected Securities Fund, Class A
Data updated: 2026-09-18
The net expense ratio is 0.72%: a 0.25% management fee, a 0.25% 12b-1 fee plus 0.32% other expenses, less a 0.10% fee waiver. This share class carries a maximum front-end sales load of 2.25%. In fiscal 2025 the fund paid $3K in broker commissions, 0.0019% of average net assets, and portfolio turnover was 11%.
NIFAX Fees and Expenses
Annual operating expenses and sales charges of NIFAX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.32% |
| Gross expense ratio | 0.82% |
| Fee waiver | −0.10% |
| Net expense ratio | 0.72% |
| Sales charges | |
|---|---|
| Max front load | 2.25% |
| 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 |
NIFAX Costs Over Time
On $10,000 invested in NIFAX, assuming 5% a year before costs, total costs come to $731 over 5 years, cutting the return by 1.23% 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 |
| Sales charges | $225 | $225 | $225 |
| Fund expenses (net expense ratio 0.72%) | $74 | $231 | $402 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $11 | $47 | $103 |
| Total costs | $310 | $504 | $731 |
| Value after costs | $10,190 | $11,072 | $12,032 |
| Impact on return, per year | 3.10% | 1.55% | 1.23% |
NIFAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0019%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $44.5M
- Portfolio turnover (prospectus): 11%
- Securities on loan, average value: $1.6M
- Net income from securities lending: $777 (0.000% of average net assets)
NIFAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $3K | 100.00% |
NIFAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $15.4M | 35.43% |
| Citigroup Global Markets Inc. | $8.3M | 18.98% |
| BMO Capital Markets Corp. | $4.8M | 11.08% |
| Keybanc Capital Markets Inc. | $4.6M | 10.60% |
| Citadel Securities LLC | $3.6M | 8.17% |
| Barclays Capital, Inc. | $2.5M | 5.65% |
| Wells Fargo Securities, LLC | $2.0M | 4.53% |
| Truist Securities, Inc. | $814K | 1.87% |
| Cantor Fitzgerald & Co. | $800K | 1.84% |
| Guggenheim Securities, LLC | $800K | 1.84% |
Nationwide Inflation-Protected Securities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| NIFIX | Class R6 | 0.30% | none |
| NWXNX | Service Class | 0.46% | none |
| NIFAX | Class A | 0.72% | 2.25% |
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.