NSFEX Fees and Costs — Natixis Target Retirement 2025 Fund, Class N
Data updated: 2025-06-30
The net expense ratio is 0.45% (2.24% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $685 in broker commissions, 0.0069% of average net assets, and portfolio turnover was 35%.
NSFEX Fees and Expenses
Annual operating expenses and sales charges of NSFEX. Prospectus, as of May 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.84% |
| Gross expense ratio | 2.24% |
| Fee waiver | −1.79% |
| 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 |
NSFEX Costs Over Time
On $10,000 invested in NSFEX, 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 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $48 | $158 | $289 |
| Value after costs | $10,452 | $11,418 | $12,474 |
| Impact on return, per year | 0.48% | 0.48% | 0.48% |
NSFEX 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): 0.0069%
- Total broker commissions: $685
- Bought from dealers (principal trades, not a cost): $78.9M
- Portfolio turnover (prospectus): 35%
- Securities lending: none during the year
NSFEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $296 | 46.98% |
| Barclays Capital Inc. | $91 | 14.44% |
| J.P. Morgan Securities LLC | $82 | 13.02% |
| Morgan Stanley & Co. LLC | $55 | 8.79% |
| Nomura Securities International, Inc. | $23 | 3.70% |
| Goldman Sachs & Co. LLC | $19 | 2.98% |
| Evercore Group L.L.C. | $19 | 2.95% |
| Sanford C. Bernstein & Co., LLC | $15 | 2.44% |
| BofA Securities, Inc. | $15 | 2.38% |
| UBS Securities LLC | $15 | 2.31% |
NSFEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $76.8M | 97.74% |
| Goldman Sachs & Co. LLC | $484K | 0.62% |
| MarketAxess Corporation | $292K | 0.37% |
| Citigroup Global Markets Inc. | $235K | 0.30% |
| J.P. Morgan Securities LLC | $229K | 0.29% |
| Barclays Capital Inc. | $196K | 0.25% |
| Wells Fargo Securities, LLC | $112K | 0.14% |
| Millennium Advisors, LLC | $84K | 0.11% |
| Jane Street Execution Services, LLC | $84K | 0.11% |
| RBC Capital Markets, LLC | $64K | 0.08% |
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.