NUSFX Fees and Costs — Ultra-Short Fixed Income Fund
Data updated: 2026-08-28
The net expense ratio is 0.26%: a 0.23% management fee plus 0.06% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 59%.
NUSFX Fees and Expenses
Annual operating expenses and sales charges of NUSFX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.23% |
| 12b-1 fee | — |
| Other expenses | 0.06% |
| Gross expense ratio | 0.30% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.26% |
| 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 |
NUSFX Costs Over Time
On $10,000 invested in NUSFX, assuming 5% a year before costs, total costs come to $165 over 5 years, cutting the return by 0.27% 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 0.26%) | $27 | $86 | $150 |
| Lost growth on money paid in costs | $0 | $4 | $15 |
| Total costs | $27 | $90 | $165 |
| Value after costs | $10,473 | $11,486 | $12,598 |
| Impact on return, per year | 0.27% | 0.27% | 0.27% |
NUSFX 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): $4.2B
- Portfolio turnover (prospectus): 59%
- Securities on loan, average value: $1.9M
- Net income from securities lending: $8K (0.000% of average net assets)
NUSFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Northern Trust Company | $2.3B | 58.92% |
| BARCLAYS BANK PLC | $655.4M | 16.76% |
| MIZUHO SECURITIES USA LLC | $254.1M | 6.50% |
| MORGAN STANLEY & CO. LLC | $163.9M | 4.19% |
| CITIGROUP GLOBAL MARKETS INC. | $127.3M | 3.26% |
| GOLDMAN SACHS & CO. LLC | $124.1M | 3.17% |
| JPMorgan Chase Bank, National Association | $104.2M | 2.66% |
| Wells Fargo Bank, National Association | $95.9M | 2.45% |
| Bank of America, National Association | $42.8M | 1.09% |
| COMMONWEALTH BANK OF AUSTRALIA | $38.3M | 0.98% |
Ultra-Short Fixed Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| NUSFX | Ultra-Short Fixed Income Fund | 0.26% | — |
| SWSFX | Siebert Williams Shank Shares | 0.26% | — |
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.