NMMGX Fees and Costs — Multi-Manager Global Real Estate Fund
Data updated: 2026-08-28
The net expense ratio is 0.82%: a 0.78% management fee plus 0.20% other expenses, less a 0.17% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $59K in broker commissions, 0.0686% of average net assets, and portfolio turnover was 82%.
NMMGX Fees and Expenses
Annual operating expenses and sales charges of NMMGX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.78% |
| 12b-1 fee | — |
| Other expenses | 0.20% |
| Gross expense ratio | 0.99% |
| Fee waiver | −0.17% |
| Net expense ratio | 0.82% |
| 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 |
NMMGX Costs Over Time
On $10,000 invested in NMMGX, assuming 5% a year before costs, total costs come to $557 over 5 years, cutting the return by 0.93% 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 0.82%) | $86 | $269 | $467 |
| Trading costs (broker commissions) | $7 | $22 | $39 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $93 | $306 | $557 |
| Value after costs | $10,407 | $11,270 | $12,206 |
| Impact on return, per year | 0.93% | 0.93% | 0.93% |
NMMGX 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): 0.0686%
- Total broker commissions: $59K
- Bought from dealers (principal trades, not a cost): $86.0M
- Portfolio turnover (prospectus): 82%
- Securities on loan, average value: $610K
- Net income from securities lending: $2K (0.002% of average net assets)
NMMGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $14K | 34.19% |
| UBS AG | $8K | 18.18% |
| MORGAN STANLEY & CO. LLC | $4K | 9.03% |
| J.P. MORGAN SECURITIES (ASIA PACIFIC) LIMITED | $3K | 7.38% |
| J.P. MORGAN SECURITIES PLC | $3K | 6.65% |
| GOLDMAN SACHS INTERNATIONAL | $3K | 6.07% |
| J.P. MORGAN SECURITIES AUSTRALIA LIMITED | $2K | 5.07% |
| GOLDMAN SACHS & CO. LLC | $2K | 4.94% |
| JEFFERIES LLC. | $2K | 4.50% |
| MERRILL LYNCH INTERNATIONAL | $2K | 3.99% |
NMMGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Northern Trust Company | $86.0M | 100.00% |
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.