NOSXX Fees and Costs — U.S. Government Select Money Market Fund
Data updated: 2026-07-29
The net expense ratio is 0.25%: a 0.33% management fee plus 0.03% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees.
NOSXX Fees and Expenses
Annual operating expenses and sales charges of NOSXX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.33% |
| 12b-1 fee | — |
| Other expenses | 0.03% |
| Gross expense ratio | 0.36% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.25% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| 7-day yield | 0.01% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
NOSXX Costs Over Time
On $10,000 invested in NOSXX, assuming 5% a year before costs, total costs come to $159 over 5 years, cutting the return by 0.26% 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 0.25%) | $26 | $83 | $144 |
| Lost growth on money paid in costs | $0 | $4 | $14 |
| Total costs | $26 | $87 | $159 |
| Value after costs | $10,474 | $11,490 | $12,604 |
| Impact on return, per year | 0.26% | 0.26% | 0.26% |
NOSXX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $6.7B
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
NOSXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL INC. | $1.5B | 25.21% |
| Nomura Securities International, Inc. | $1.3B | 21.20% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $933.9M | 15.54% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $686.0M | 11.42% |
| DEUTSCHE BANK SECURITIES INC. | $443.6M | 7.38% |
| PERSHING LLC | $294.9M | 4.91% |
| Academy Securities, Inc. | $283.8M | 4.72% |
| CITADEL SECURITIES LLC | $231.3M | 3.85% |
| Wells Fargo Bank, National Association | $185.0M | 3.08% |
| JPMorgan Chase Bank, National Association | $162.1M | 2.70% |
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.