NSFDX Fees and Costs — Natixis Target Retirement 2020 Fund, Class N
Data updated: 2025-06-30
The net expense ratio is 0.45% (3.49% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $424 in broker commissions, 0.0076% of average net assets, and portfolio turnover was 56%.
NSFDX Fees and Expenses
Annual operating expenses and sales charges of NSFDX. Prospectus, as of May 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.13% |
| 12b-1 fee | 0.00% |
| Other expenses | 3.10% |
| Gross expense ratio | 3.49% |
| Fee waiver | −3.04% |
| 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 | Yes |
NSFDX Costs Over Time
On $10,000 invested in NSFDX, assuming 5% a year before costs, total costs come to $289 over 5 years, cutting the return by 0.48% 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 | $3 | $4 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $48 | $158 | $289 |
| Value after costs | $10,452 | $11,418 | $12,473 |
| Impact on return, per year | 0.48% | 0.48% | 0.48% |
NSFDX 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): 0.0076%
- Total broker commissions: $424
- Bought from dealers (principal trades, not a cost): $46.3M
- Portfolio turnover (prospectus): 56%
- Securities lending: none during the year
NSFDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $175 | 44.75% |
| Barclays Capital Inc. | $62 | 15.80% |
| J.P. Morgan Securities LLC | $51 | 13.05% |
| Morgan Stanley & Co. LLC | $42 | 10.65% |
| HSBC Securities (USA) Inc. | $18 | 4.54% |
| Evercore Group L.L.C. | $14 | 3.55% |
| UBS Securities LLC | $8 | 2.08% |
| Goldman Sachs & Co. LLC | $8 | 2.07% |
| BofA Securities, Inc. | $8 | 2.07% |
| Citigroup Global Markets Inc. | $6 | 1.44% |
NSFDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $45.0M | 97.85% |
| MarketAxess Corporation | $245K | 0.53% |
| Goldman Sachs & Co. LLC | $212K | 0.46% |
| Barclays Capital Inc. | $116K | 0.25% |
| J.P. Morgan Securities LLC | $105K | 0.23% |
| Citigroup Global Markets Inc. | $95K | 0.21% |
| Stonex Financial Inc. | $71K | 0.15% |
| RBC Capital Markets, LLC | $56K | 0.12% |
| Jane Street Execution Services, LLC | $48K | 0.10% |
| Nomura Securities International, Inc. | $43K | 0.09% |
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.