TILUX Fees and Costs — Inflation-Linked Fixed Income Fund
Data updated: 2026-07-28
The net expense ratio is 2.27%: a 0.50% management fee plus 1.82% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $99 in broker commissions, 0.0001% of average net assets, and portfolio turnover was 112%.
TILUX Fees and Expenses
Annual operating expenses and sales charges of TILUX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.82% |
| Gross expense ratio | 2.32% |
| Fee waiver | −0.05% |
| Net expense ratio | 2.27% |
| 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 |
TILUX Costs Over Time
On $10,000 invested in TILUX, assuming 5% a year before costs, total costs come to $1,384 over 5 years, cutting the return by 2.38% 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 2.27%) | $238 | $734 | $1,256 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $37 | $129 |
| Total costs | $238 | $771 | $1,384 |
| Value after costs | $10,262 | $10,806 | $11,378 |
| Impact on return, per year | 2.38% | 2.38% | 2.38% |
TILUX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0001%
- Total broker commissions: $99
- Bought from dealers (principal trades, not a cost): $2.3B
- Portfolio turnover (prospectus): 112%
- Securities lending: none during the year
TILUX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SOCIETE GENERALE | $99 | 100.00% |
TILUX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNP Paribas Securities Corp. | $753.9M | 32.91% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $471.6M | 20.59% |
| Nomura Holdings Inc. | $404.3M | 17.65% |
| Wells Fargo Securities LLC | $402.0M | 17.55% |
| BARCLAYS CAPITAL INC. | $216.8M | 9.46% |
| Goldman Sachs & Co, LLC | $20.5M | 0.90% |
| J.P. MORGAN SECURITIES LLC | $8.6M | 0.38% |
| DEUTSCHE BANK SECURITIES INC. | $5.5M | 0.24% |
| Citigroup Global Markets Inc. | $5.0M | 0.22% |
| BNY MELLON CAPITAL MARKETS, LLC | $2.6M | 0.11% |
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.