NOSIX Fees and Costs — Stock Index Fund
Data updated: 2026-08-28
The net expense ratio is 0.05%: a 0.04% management fee plus 0.05% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $66K in broker commissions, 0.0004% of average net assets, and portfolio turnover was 4%.
NOSIX Fees and Expenses
Annual operating expenses and sales charges of NOSIX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.04% |
| 12b-1 fee | — |
| Other expenses | 0.05% |
| Gross expense ratio | 0.09% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.05% |
| 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 |
NOSIX Costs Over Time
On $10,000 invested in NOSIX, assuming 5% a year before costs, total costs come to $32 over 5 years, cutting the return by 0.05% 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 0.05%) | $5 | $17 | $29 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $1 | $3 |
| Total costs | $5 | $17 | $32 |
| Value after costs | $10,495 | $11,559 | $12,731 |
| Impact on return, per year | 0.05% | 0.05% | 0.05% |
NOSIX 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): 0.0004%
- Total broker commissions: $66K
- Bought from dealers (principal trades, not a cost): $1.9B
- Portfolio turnover (prospectus): 4%
- Securities on loan, average value: $7.2M
- Net income from securities lending: $32K (0.000% of average net assets)
NOSIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citibank, National Association | $21K | 31.50% |
| MORGAN STANLEY & CO. LLC | $13K | 19.88% |
| J.P. MORGAN SECURITIES LLC | $10K | 15.14% |
| Academy Securities, Inc. | $8K | 12.46% |
| CITIGROUP GLOBAL MARKETS INC. | $8K | 11.83% |
| BARCLAYS BANK PLC | $3K | 4.00% |
| GOLDMAN SACHS & CO. LLC | $2K | 2.75% |
| MERRILL LYNCH INTERNATIONAL | $2K | 2.33% |
| Cabrera Capital Markets LLC | $52 | 0.08% |
| GUZMAN & COMPANY | $21 | 0.03% |
NOSIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Northern Trust Company | $1.8B | 91.80% |
| BMO Nesbitt Burns Inc. | $46.0M | 2.36% |
| JPMorgan Chase Bank, National Association | $39.1M | 2.01% |
| CITADEL ADVISORS LLC | $27.6M | 1.42% |
| Nomura Securities International, Inc. | $22.7M | 1.17% |
| MORGAN STANLEY & CO. LLC | $18.0M | 0.93% |
| CITIGROUP GLOBAL MARKETS INC. | $4.6M | 0.24% |
| MUFG SECURITIES AMERICAS INC. | $918K | 0.05% |
| BNP PARIBAS | $831K | 0.04% |
| Wells Fargo Bank, National Association | $30K | 0.00% |
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.