NTFIX Fees and Costs — North Carolina Tax-Free Income Series
Data updated: 2026-10-13
The net expense ratio is 0.74%: a 0.50% management fee plus 0.24% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 23%.
NTFIX Fees and Expenses
Annual operating expenses and sales charges of NTFIX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.24% |
| Gross expense ratio | 0.74% |
| Fee waiver | — |
| Net expense ratio | 0.74% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
NTFIX Costs Over Time
On $10,000 invested in NTFIX, assuming 5% a year before costs, total costs come to $465 over 5 years, cutting the return by 0.78% 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 0.74%) | $78 | $243 | $423 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $78 | $255 | $465 |
| Value after costs | $10,422 | $11,321 | $12,298 |
| Impact on return, per year | 0.78% | 0.78% | 0.78% |
NTFIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $20.4M
- Portfolio turnover (prospectus): 23%
- Securities lending: none during the year
NTFIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA Merrill Lynch | $1.8M | 13.15% |
| Bank of Oklahoma Financial Services, Inc. | $1.6M | 11.54% |
| UBS Financial Services Inc. | $1.5M | 10.83% |
| PNC Securities | $1.5M | 10.72% |
| Morgan Stanley and Company LLC | $1.5M | 10.70% |
| Sumridge Partners | $1.4M | 10.00% |
| Robert Baird | $1.3M | 9.33% |
| Davenport & Company | $1.3M | 9.11% |
| South State Duncan Williams Securitiers Corporation | $1.0M | 7.37% |
| Northland Securities, Inc. | $1.0M | 7.24% |
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.