Expense Ratio History

ESSIX expense ratio history

Essential 40 Stock Fund, Essential 40 Stock Fund Class I Shares

Fund company
Northern Trust
Type
Mutual fund

1.05%

In basis points
105 basis points
Yearly cost per $10,000
$105
Prospectus dated
1 October 2024, filed with the SEC; rounded to 0.01%
Last change
Cut from 1.24% on 1 October 2024

Fee over time

ESSIX expense ratio: 1.28% until 30 Sep 2015, then 1.85%; 1.85% until 1 Oct 2016, then 2.67%; 2.67% until 20 Sep 2017, then 4.38%; 4.38% until 4 Dec 2017, then 4.19%; 4.19% until 1 Oct 2018, then 3.24%; 3.24% until 1 Oct 2019, then 1.58%; 1.58% until 1 Oct 2020, then 1.31%; 1.31% until 1 Oct 2021, then 1.27%; 1.27% until 1 Oct 2022, then 1.29%; 1.29% until 1 Oct 2023, then 1.24%; 1.24% until 1 Oct 2024, then 1.05%; read at 1.05% on 1 Oct 2024.0.00%2.00%4.00%6.00%Jun 2014Mar 2016Dec 2017Sep 2019Jun 2021Mar 20231.28% before1.05% from 1 Oct 2024
ESSIX expense ratio: 1.28% until 30 Sep 2015, then 1.85%; 1.85% until 1 Oct 2016, then 2.67%; 2.67% until 20 Sep 2017, then 4.38%; 4.38% until 4 Dec 2017, then 4.19%; 4.19% until 1 Oct 2018, then 3.24%; 3.24% until 1 Oct 2019, then 1.58%; 1.58% until 1 Oct 2020, then 1.31%; 1.31% until 1 Oct 2021, then 1.27%; 1.27% until 1 Oct 2022, then 1.29%; 1.29% until 1 Oct 2023, then 1.24%; 1.24% until 1 Oct 2024, then 1.05%; read at 1.05% on 1 Oct 2024.0.00%2.00%4.00%6.00%Jun 2014Dec 2017Jun 20211.28% before1.05% from 1 Oct 2024
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Share classes

The same fund is sold as 2 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
— — 4.45% 1.14% 20 Sep 2017
ESSIX (this page) Essential 40 Stock Fund Class I Shares 1.05% 0.70% 1 Oct 2024

Every figure we've recorded

DateFeeWhat happened
1 Oct 2024 1.05% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-10-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Oct 2024 1.05% Cut from 1.24% to 1.05%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2024-09-27
1 Oct 2023 1.24% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-10-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Oct 2023 1.24% Cut from 1.29% to 1.24%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-09-27
1 Oct 2022 1.29% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-10-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Oct 2022 1.29% Raised from 1.27% to 1.29%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-09-28
1 Oct 2021 1.27% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-10-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Oct 2021 1.27% Cut from 1.31% to 1.27%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2021-09-28
1 Oct 2020 1.31% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-10-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Oct 2020 1.31% Cut from 1.58% to 1.31%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2020-10-05
1 Oct 2019 1.58% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-10-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Oct 2019 1.58% Cut from 3.24% to 1.58%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-10-18
1 Oct 2018 3.24% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-10-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Oct 2018 3.24% Cut from 4.19% to 3.24%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2018-10-05
4 Dec 2017 4.19% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-12-04 (form 485APOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485APOS
4 Dec 2017 4.19% Cut from 4.38% to 4.19%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485APOS) filed with the SEC on 2017-12-12
20 Sep 2017 4.38% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-09-20 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
20 Sep 2017 4.38% Raised from 2.67% to 4.38%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2017-09-22
1 Oct 2016 2.67% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-10-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Oct 2016 2.67% Raised from 1.85% to 2.67%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2017-10-04
30 Sep 2015 1.85% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-09-30 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
30 Sep 2015 1.85% Raised from 1.28% to 1.85%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2015-10-08
2 Jun 2014 1.28% In the prospectusTotal annual fund operating expenses in the prospectus dated 2014-06-02 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 1.05% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$1,288 in fees over 10 years

After fees, $10,000 grows to $14,694.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$108
3 years$336
5 years$582
10 years$1,288

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 12 prospectuses for this share class since 2014. Each one is listed above with a link to the filing.

How we read fees

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