NUSAX Fees and Costs — Navigator Ultra Short Bond Fund, Class A
Data updated: 2026-09-04
The net expense ratio is 0.66%: a 0.30% management fee, a 0.25% 12b-1 fee plus 0.37% other expenses, less a 0.27% fee waiver. This share class carries a maximum front-end sales load of 3.75%. Portfolio turnover was 12%.
NUSAX Fees and Expenses
Annual operating expenses and sales charges of NUSAX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.37% |
| Gross expense ratio | 0.93% |
| Fee waiver | −0.27% |
| Net expense ratio | 0.66% |
| Sales charges | |
|---|---|
| Max front load | 3.75% |
| 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 | Yes |
NUSAX Costs Over Time
On $10,000 invested in NUSAX, assuming 5% a year before costs, total costs come to $879 over 5 years, cutting the return by 1.49% 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 |
| Sales charges | $375 | $375 | $375 |
| Fund expenses (net expense ratio 0.66%) | $67 | $209 | $363 |
| Lost growth on money paid in costs | $19 | $69 | $140 |
| Total costs | $460 | $653 | $879 |
| Value after costs | $10,040 | $10,923 | $11,884 |
| Impact on return, per year | 4.60% | 2.01% | 1.49% |
NUSAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $100.6M
- Portfolio turnover (prospectus): 12%
- Securities lending: none during the year
NUSAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS | $17.7M | 17.55% |
| BARCLAYS CAPITAL, INC. | $14.1M | 14.04% |
| BANK OF AMERICA MERRILL LYNCH | $14.0M | 13.95% |
| TD SECURITIES | $11.1M | 11.06% |
| WELLS FARGO BANK | $9.9M | 9.80% |
| JPMORGAN CHASE | $9.1M | 9.08% |
| SOUTHWEST SECURITIES | $8.3M | 8.30% |
| CANTOR FITZGERALD | $6.0M | 5.98% |
| US BANCORP | $5.2M | 5.13% |
| STIFEL NICOLAUS | $5.2M | 5.12% |
Navigator Ultra Short Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| NUSIX | Class I | 0.41% | none |
| NUSAX | Class A | 0.66% | 3.75% |
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.