NOCBX Fees and Costs — Core Bond Fund
Data updated: 2026-08-28
The net expense ratio is 0.42%: a 0.38% management fee plus 0.15% other expenses, less a 0.12% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $3K in broker commissions, 0.0033% of average net assets, and portfolio turnover was 140%.
NOCBX Fees and Expenses
Annual operating expenses and sales charges of NOCBX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.38% |
| 12b-1 fee | — |
| Other expenses | 0.15% |
| Gross expense ratio | 0.54% |
| Fee waiver | −0.12% |
| Net expense ratio | 0.42% |
| 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 |
NOCBX Costs Over Time
On $10,000 invested in NOCBX, assuming 5% a year before costs, total costs come to $268 over 5 years, cutting the return by 0.44% 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 0.42%) | $44 | $138 | $242 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $44 | $146 | $268 |
| Value after costs | $10,456 | $11,430 | $12,495 |
| Impact on return, per year | 0.44% | 0.44% | 0.44% |
NOCBX 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): 0.0033%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $354.5M
- Portfolio turnover (prospectus): 140%
- Securities on loan, average value: $330K
- Net income from securities lending: $2K (0.002% of average net assets)
NOCBX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citibank, National Association | $3K | 96.52% |
| MERRILL LYNCH INTERNATIONAL | $106 | 3.48% |
NOCBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Northern Trust Company | $108.4M | 37.35% |
| BARCLAYS BANK PLC | $48.2M | 16.59% |
| CITADEL ADVISORS LLC | $27.0M | 9.30% |
| JPMorgan Chase Bank, National Association | $23.6M | 8.14% |
| MORGAN STANLEY & CO. LLC | $23.2M | 8.01% |
| BMO Nesbitt Burns Inc. | $16.9M | 5.84% |
| MUFG SECURITIES AMERICAS INC. | $14.1M | 4.86% |
| BNP PARIBAS | $10.4M | 3.57% |
| GOLDMAN SACHS & CO. LLC | $9.3M | 3.21% |
| Bank of America, National Association | $9.1M | 3.14% |
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.