NSFJX Fees and Costs — Natixis Target Retirement 2045 Fund, Class N
Data updated: 2025-06-30
The net expense ratio is 0.48% (1.27% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2K in broker commissions, 0.0092% of average net assets, and portfolio turnover was 26%.
NSFJX Fees and Expenses
Annual operating expenses and sales charges of NSFJX. Prospectus, as of May 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.19% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.81% |
| Gross expense ratio | 1.27% |
| Fee waiver | −0.79% |
| 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 |
NSFJX Costs Over Time
On $10,000 invested in NSFJX, assuming 5% a year before costs, total costs come to $309 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 | $309 |
| Value after costs | $10,449 | $11,407 | $12,454 |
| Impact on return, per year | 0.51% | 0.51% | 0.51% |
NSFJX 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): 0.0092%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $213.3M
- Portfolio turnover (prospectus): 26%
- Securities lending: none during the year
NSFJX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $894 | 46.67% |
| J.P. Morgan Securities LLC | $413 | 21.54% |
| Barclays Capital Inc. | $213 | 11.14% |
| Morgan Stanley & Co. LLC | $127 | 6.62% |
| Sanford C. Bernstein & Co., LLC | $53 | 2.77% |
| Liquidnet, Inc. | $50 | 2.61% |
| BofA Securities, Inc. | $45 | 2.34% |
| Citigroup Global Markets Inc. | $41 | 2.14% |
| Goldman Sachs & Co. LLC | $41 | 2.12% |
| Piper Sandler & Co. | $39 | 2.05% |
NSFJX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $212.1M | 99.58% |
| Goldman Sachs & Co. LLC | $205K | 0.10% |
| MarketAxess Corporation | $205K | 0.10% |
| Barclays Capital Inc. | $102K | 0.05% |
| Stonex Financial Inc. | $74K | 0.03% |
| J.P. Morgan Securities LLC | $66K | 0.03% |
| RBC Capital Markets, LLC | $65K | 0.03% |
| Jefferies LLC | $64K | 0.03% |
| Jane Street Execution Services, LLC | $63K | 0.03% |
| Wells Fargo Securities, LLC | $56K | 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.