NSFHX Fees and Costs — Natixis Target Retirement 2040 Fund, Class N
Data updated: 2025-06-30
The net expense ratio is 0.48% (1.20% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2K in broker commissions, 0.0079% of average net assets, and portfolio turnover was 24%.
NSFHX Fees and Expenses
Annual operating expenses and sales charges of NSFHX. Prospectus, as of May 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.19% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.76% |
| Gross expense ratio | 1.20% |
| Fee waiver | −0.72% |
| Net expense ratio | 0.48% |
| 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 |
NSFHX Costs Over Time
On $10,000 invested in NSFHX, assuming 5% a year before costs, total costs come to $308 over 5 years, cutting the return by 0.51% 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 0.48%) | $50 | $158 | $276 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $51 | $169 | $308 |
| Value after costs | $10,449 | $11,408 | $12,454 |
| Impact on return, per year | 0.51% | 0.51% | 0.51% |
NSFHX 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): 0.0079%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $222.5M
- Portfolio turnover (prospectus): 24%
- Securities lending: none during the year
NSFHX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $810 | 45.09% |
| Barclays Capital Inc. | $299 | 16.65% |
| J.P. Morgan Securities LLC | $294 | 16.37% |
| Morgan Stanley & Co. LLC | $124 | 6.89% |
| Liquidnet, Inc. | $50 | 2.79% |
| Goldman Sachs & Co. LLC | $48 | 2.67% |
| BMO Capital Markets Corp. | $47 | 2.62% |
| Sanford C. Bernstein & Co., LLC | $43 | 2.41% |
| Citigroup Global Markets Inc. | $41 | 2.27% |
| BofA Securities, Inc. | $40 | 2.24% |
NSFHX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $220.7M | 99.39% |
| Goldman Sachs & Co. LLC | $305K | 0.14% |
| MarketAxess Corporation | $282K | 0.13% |
| Barclays Capital Inc. | $158K | 0.07% |
| Jane Street Execution Services, LLC | $129K | 0.06% |
| Stonex Financial Inc. | $128K | 0.06% |
| Jefferies LLC | $121K | 0.05% |
| J.P. Morgan Securities LLC | $98K | 0.04% |
| Nomura Securities International, Inc. | $68K | 0.03% |
| RBC Capital Markets, LLC | $66K | 0.03% |
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.