NSFBX Fees and Costs — Natixis Target Retirement 2015 Fund, Class N
Data updated: 2025-06-30
The net expense ratio is 0.44% (3.52% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $264 in broker commissions, 0.0050% of average net assets, and portfolio turnover was 27%.
NSFBX Fees and Expenses
Annual operating expenses and sales charges of NSFBX. Prospectus, as of May 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.12% |
| 12b-1 fee | 0.00% |
| Other expenses | 3.14% |
| Gross expense ratio | 3.52% |
| Fee waiver | −3.08% |
| Net expense ratio | 0.44% |
| 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 | Yes |
NSFBX Costs Over Time
On $10,000 invested in NSFBX, assuming 5% a year before costs, total costs come to $281 over 5 years, cutting the return by 0.47% 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 0.44%) | $46 | $145 | $253 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $47 | $154 | $281 |
| Value after costs | $10,453 | $11,422 | $12,481 |
| Impact on return, per year | 0.47% | 0.47% | 0.47% |
NSFBX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0050%
- Total broker commissions: $264
- Bought from dealers (principal trades, not a cost): $40.2M
- Portfolio turnover (prospectus): 27%
- Securities lending: none during the year
NSFBX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $119 | 48.50% |
| Barclays Capital Inc. | $41 | 16.71% |
| J.P. Morgan Securities LLC | $39 | 16.02% |
| BofA Securities, Inc. | $10 | 3.92% |
| Evercore Group L.L.C. | $7 | 2.92% |
| Morgan Stanley & Co. LLC | $7 | 2.77% |
| UBS Securities LLC | $6 | 2.64% |
| Goldman Sachs & Co. LLC | $6 | 2.42% |
| Liquidnet, Inc. | $5 | 2.07% |
| Citigroup Global Markets Inc. | $5 | 2.03% |
NSFBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $39.0M | 97.39% |
| Goldman Sachs & Co. LLC | $292K | 0.73% |
| MarketAxess Corporation | $197K | 0.49% |
| Barclays Capital Inc. | $148K | 0.37% |
| Wells Fargo Securities, LLC | $94K | 0.23% |
| Citigroup Global Markets Inc. | $91K | 0.23% |
| RBC Capital Markets, LLC | $63K | 0.16% |
| J.P. Morgan Securities LLC | $57K | 0.14% |
| Nomura Securities International, Inc. | $53K | 0.13% |
| Millennium Advisors, LLC | $51K | 0.13% |
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.