NSFOX Fees and Costs — Natixis Target Retirement 2065 Fund, Class N
Data updated: 2025-06-30
The net expense ratio is 0.49% (4.55% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $311 in broker commissions, 0.0079% of average net assets, and portfolio turnover was 19%.
NSFOX Fees and Expenses
Annual operating expenses and sales charges of NSFOX. Prospectus, as of May 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.21% |
| 12b-1 fee | 0.00% |
| Other expenses | 4.06% |
| Gross expense ratio | 4.55% |
| Fee waiver | −4.06% |
| Net expense ratio | 0.49% |
| 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 |
NSFOX Costs Over Time
On $10,000 invested in NSFOX, assuming 5% a year before costs, total costs come to $315 over 5 years, cutting the return by 0.52% 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 0.49%) | $51 | $161 | $281 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $52 | $172 | $315 |
| Value after costs | $10,448 | $11,404 | $12,448 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
NSFOX 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: $311
- Bought from dealers (principal trades, not a cost): $38.6M
- Portfolio turnover (prospectus): 19%
- Securities lending: none during the year
NSFOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $146 | 52.96% |
| Barclays Capital Inc. | $45 | 16.35% |
| J.P. Morgan Securities LLC | $22 | 8.13% |
| Morgan Stanley & Co. LLC | $13 | 4.75% |
| Nomura Securities International, Inc. | $10 | 3.76% |
| Liquidnet, Inc. | $9 | 3.24% |
| Goldman Sachs & Co. LLC | $9 | 3.16% |
| BofA Securities, Inc. | $8 | 2.93% |
| Citigroup Global Markets Inc. | $7 | 2.48% |
| UBS Securities LLC | $6 | 2.24% |
NSFOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $38.5M | 99.80% |
| Goldman Sachs & Co. LLC | $16K | 0.04% |
| MarketAxess Corporation | $10K | 0.03% |
| Barclays Capital Inc. | $10K | 0.03% |
| Citigroup Global Markets Inc. | $9K | 0.02% |
| Jane Street Execution Services, LLC | $9K | 0.02% |
| Nomura Securities International, Inc. | $8K | 0.02% |
| Stonex Financial Inc. | $6K | 0.01% |
| J.P. Morgan Securities LLC | $6K | 0.01% |
| Morgan Stanley & Co. LLC | $5K | 0.01% |
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.