NTHEX Fees and Costs — Northeast Investors Trust
Data updated: 2026-08-26
The net expense ratio is 1.94%: a 0.50% management fee plus 1.44% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 33%.
NTHEX Fees and Expenses
Annual operating expenses and sales charges of NTHEX. Prospectus, as of February 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.44% |
| Gross expense ratio | 1.94% |
| Fee waiver | — |
| Net expense ratio | 1.94% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
NTHEX Costs Over Time
On $10,000 invested in NTHEX, assuming 5% a year before costs, total costs come to $1,191 over 5 years, cutting the return by 2.04% 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 1.94%) | $204 | $629 | $1,081 |
| Lost growth on money paid in costs | $0 | $31 | $110 |
| Total costs | $204 | $661 | $1,191 |
| Value after costs | $10,296 | $10,915 | $11,572 |
| Impact on return, per year | 2.04% | 2.04% | 2.04% |
NTHEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $65.9M
- Portfolio turnover (prospectus): 33%
- Securities lending: none during the year
NTHEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $25.0M | 37.98% |
| Stifel Nicolaus & Co | $19.2M | 29.10% |
| Robert W. Baird | $14.8M | 22.44% |
| Cantor Fitzgerald & Co | $5.4M | 8.20% |
| Imperial Capital LLC | $1.5M | 2.28% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.