NTAUX Fees and Costs — Tax-Advantaged Ultra-Short Fixed Income Fund
Data updated: 2026-08-28
The net expense ratio is 0.25%: a 0.23% management fee plus 0.05% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 94%.
NTAUX Fees and Expenses
Annual operating expenses and sales charges of NTAUX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.23% |
| 12b-1 fee | — |
| Other expenses | 0.05% |
| Gross expense ratio | 0.28% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.25% |
| 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 |
NTAUX Costs Over Time
On $10,000 invested in NTAUX, assuming 5% a year before costs, total costs come to $159 over 5 years, cutting the return by 0.26% 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 0.25%) | $26 | $83 | $144 |
| Lost growth on money paid in costs | $0 | $4 | $14 |
| Total costs | $26 | $87 | $159 |
| Value after costs | $10,474 | $11,490 | $12,604 |
| Impact on return, per year | 0.26% | 0.26% | 0.26% |
NTAUX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $9.4B
- Portfolio turnover (prospectus): 94%
- Securities on loan, average value: $585K
- Net income from securities lending: $1K (0.000% of average net assets)
NTAUX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Northern Trust Company | $4.0B | 51.82% |
| JPMorgan Chase Bank, National Association | $854.7M | 11.13% |
| BANK OF AMERICA CORPORATION | $685.1M | 8.92% |
| WELLS FARGO SECURITIES, LLC | $537.2M | 7.00% |
| BARCLAYS BANK PLC | $409.2M | 5.33% |
| RBC CAPITAL MARKETS, LLC | $283.3M | 3.69% |
| MORGAN STANLEY & CO. LLC | $269.5M | 3.51% |
| Wells Fargo Bank, National Association | $262.7M | 3.42% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $207.1M | 2.70% |
| Truist Bank | $190.5M | 2.48% |
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.