NSIDX Fees and Costs — Small Cap Index Fund
Data updated: 2026-08-28
The net expense ratio is 0.10%: a 0.09% management fee plus 0.07% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $138K in broker commissions, 0.0107% of average net assets, and portfolio turnover was 22%.
NSIDX Fees and Expenses
Annual operating expenses and sales charges of NSIDX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.09% |
| 12b-1 fee | — |
| Other expenses | 0.07% |
| Gross expense ratio | 0.16% |
| Fee waiver | −0.06% |
| Net expense ratio | 0.10% |
| 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 | No |
NSIDX Costs Over Time
On $10,000 invested in NSIDX, assuming 5% a year before costs, total costs come to $70 over 5 years, cutting the return by 0.12% 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 0.10%) | $10 | $33 | $58 |
| Trading costs (broker commissions) | $1 | $4 | $6 |
| Lost growth on money paid in costs | $0 | $2 | $6 |
| Total costs | $12 | $38 | $70 |
| Value after costs | $10,488 | $11,538 | $12,692 |
| Impact on return, per year | 0.12% | 0.12% | 0.12% |
NSIDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0107%
- Total broker commissions: $138K
- Bought from dealers (principal trades, not a cost): $308.5M
- Portfolio turnover (prospectus): 22%
- Securities on loan, average value: $93.0M
- Net income from securities lending: $1.0M (0.080% of average net assets)
NSIDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $55K | 39.89% |
| GOLDMAN SACHS & CO. LLC | $31K | 22.65% |
| WELLS FARGO SECURITIES, LLC | $15K | 11.15% |
| PERSHING LLC | $15K | 10.95% |
| CITIGROUP GLOBAL MARKETS INC. | $11K | 8.05% |
| Citibank, National Association | $6K | 4.34% |
| BARCLAYS BANK PLC | $3K | 1.96% |
| MERRILL LYNCH INTERNATIONAL | $930 | 0.67% |
| VIRTU AMERICAS LLC | $388 | 0.28% |
| MACQUARIE CAPITAL (USA) INC. | $101 | 0.07% |
NSIDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Northern Trust Company | $284.5M | 92.25% |
| BMO Nesbitt Burns Inc. | $9.1M | 2.95% |
| JPMorgan Chase Bank, National Association | $6.7M | 2.17% |
| CITADEL ADVISORS LLC | $2.6M | 0.84% |
| MORGAN STANLEY & CO. LLC | $2.4M | 0.77% |
| Nomura Securities International, Inc. | $1.4M | 0.46% |
| Wells Fargo Bank, National Association | $584K | 0.19% |
| CITIGROUP GLOBAL MARKETS INC. | $519K | 0.17% |
| WELLS FARGO SECURITIES, LLC | $410K | 0.13% |
| MUFG SECURITIES AMERICAS INC. | $233K | 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.