TFEXX Fees and Costs — T-Fund, Dollar Class
Data updated: 2026-02-25
The net expense ratio is 0.42%: a 0.18% management fee plus 0.25% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees.
TFEXX Fees and Expenses
Annual operating expenses and sales charges of TFEXX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.18% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.25% |
| Gross expense ratio | 0.43% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.42% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| 7-day yield | 0.03% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
TFEXX Costs Over Time
On $10,000 invested in TFEXX, assuming 5% a year before costs, total costs come to $266 over 5 years, cutting the return by 0.44% 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 0.42%) | $44 | $138 | $242 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $44 | $145 | $266 |
| Value after costs | $10,456 | $11,431 | $12,497 |
| Impact on return, per year | 0.44% | 0.44% | 0.44% |
TFEXX 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): $10.80T
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
TFEXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Bank of New York Mellon Corp. | $2.12T | 22.66% |
| HSBC Securities (USA) Inc. | $1.45T | 15.46% |
| Goldman Sachs & Co. LLC | $1.29T | 13.74% |
| BNP Paribas Securities Corp. | $1.22T | 13.03% |
| Citigroup Global Markets Inc. | $721.9B | 7.70% |
| Wells Fargo Securities, LLC | $715.4B | 7.63% |
| Barclays Capital, Inc. | $610.0B | 6.51% |
| RBC Capital Markets, LLC | $496.8B | 5.30% |
| Credit Agricole Securities (USA) Inc. | $400.4B | 4.27% |
| State Street Global Markets, LLC | $347.0B | 3.70% |
T-Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TSTXX | Institutional Class | 0.17% | — |
| BCHXX | Capital Class | 0.22% | — |
| BTAXX | Administration Class | 0.27% | — |
| TFEXX | Dollar Class | 0.42% | — |
| BPTXX | Cash Management | 0.67% | — |
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.