NOLCX Fees and Costs — Large Cap Core Fund
Data updated: 2026-08-28
The net expense ratio is 0.45%: a 0.44% management fee plus 0.11% other expenses, less a 0.10% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $44K in broker commissions, 0.0137% of average net assets, and portfolio turnover was 43%.
NOLCX Fees and Expenses
Annual operating expenses and sales charges of NOLCX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.44% |
| 12b-1 fee | — |
| Other expenses | 0.11% |
| Gross expense ratio | 0.55% |
| Fee waiver | −0.10% |
| Net expense ratio | 0.45% |
| 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 |
NOLCX Costs Over Time
On $10,000 invested in NOLCX, assuming 5% a year before costs, total costs come to $293 over 5 years, cutting the return by 0.49% 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 0.45%) | $47 | $148 | $259 |
| Trading costs (broker commissions) | $1 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $8 | $27 |
| Total costs | $49 | $160 | $293 |
| Value after costs | $10,451 | $11,416 | $12,470 |
| Impact on return, per year | 0.49% | 0.49% | 0.49% |
NOLCX 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): 0.0137%
- Total broker commissions: $44K
- Bought from dealers (principal trades, not a cost): $65.7M
- Portfolio turnover (prospectus): 43%
- Securities on loan, average value: $146K
- Net income from securities lending: $418 (0.000% of average net assets)
NOLCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $31K | 69.13% |
| VIRTU AMERICAS LLC | $10K | 21.52% |
| PIPER SANDLER & CO. | $4K | 8.09% |
| Citibank, National Association | $339 | 0.77% |
| MERRILL LYNCH INTERNATIONAL | $221 | 0.50% |
NOLCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Northern Trust Company | $62.4M | 94.93% |
| BMO Nesbitt Burns Inc. | $1.1M | 1.61% |
| JPMorgan Chase Bank, National Association | $723K | 1.10% |
| WELLS FARGO SECURITIES, LLC | $450K | 0.69% |
| MORGAN STANLEY & CO. LLC | $334K | 0.51% |
| MUFG SECURITIES AMERICAS INC. | $322K | 0.49% |
| CITADEL ADVISORS LLC | $283K | 0.43% |
| BNP PARIBAS | $108K | 0.16% |
| CITIGROUP GLOBAL MARKETS INC. | $25K | 0.04% |
| Nomura Securities International, Inc. | $25K | 0.04% |
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.