NOUGX Fees and Costs — U.S. Government Fund
Data updated: 2026-08-28
The net expense ratio is 0.43%: a 0.38% management fee plus 0.33% other expenses, less a 0.28% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $69 in broker commissions, 0.0002% of average net assets, and portfolio turnover was 54%.
NOUGX Fees and Expenses
Annual operating expenses and sales charges of NOUGX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.38% |
| 12b-1 fee | — |
| Other expenses | 0.33% |
| Gross expense ratio | 0.71% |
| Fee waiver | −0.28% |
| Net expense ratio | 0.43% |
| 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 |
NOUGX Costs Over Time
On $10,000 invested in NOUGX, assuming 5% a year before costs, total costs come to $272 over 5 years, cutting the return by 0.45% 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 0.43%) | $45 | $142 | $247 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $45 | $149 | $272 |
| Value after costs | $10,455 | $11,427 | $12,491 |
| Impact on return, per year | 0.45% | 0.45% | 0.45% |
NOUGX 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): 0.0002%
- Total broker commissions: $69
- Bought from dealers (principal trades, not a cost): $39.3M
- Portfolio turnover (prospectus): 54%
- Securities on loan, average value: $19K
- Net income from securities lending: $134 (0.000% of average net assets)
NOUGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citibank, National Association | $69 | 100.00% |
NOUGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Northern Trust Company | $7.6M | 21.97% |
| CITADEL ADVISORS LLC | $5.1M | 14.69% |
| MORGAN STANLEY & CO. LLC | $4.6M | 13.28% |
| JPMorgan Chase Bank, National Association | $3.6M | 10.37% |
| GOLDMAN SACHS & CO. LLC | $3.5M | 9.94% |
| BMO Nesbitt Burns Inc. | $2.9M | 8.41% |
| BARCLAYS BANK PLC | $2.1M | 6.06% |
| BANK OF AMERICA CORPORATION | $1.8M | 5.25% |
| VIRTU AMERICAS LLC | $1.8M | 5.16% |
| MUFG SECURITIES AMERICAS INC. | $1.7M | 4.86% |
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.