Cost Calculation Example
Cost Calculation Example
The example assumes that the participant invests equal amounts in two Funds and that the amount invested in each Fund remains constant through the year. Specifically, in the example, $10,000, $40,000, and $100,000 are divided equally between the NC Large Cap Index Fund and the NC Fixed Income Fund. The example does not include any processing fees for optional transactions, such as loans and express mail. The fees are on an annual basis as of December 31, 2025. Fees may be approximate due to estimation and rounding. All fees are subject to change.
Fee Type | Fee Amount | Fee for $10,000 Investment | Fee for $40,000 Investment | Fee for $100,000 Investment |
|---|---|---|---|---|
| Investment in NC Fixed Income Fund (50% of Total) | $5,000.00 | $20,000.00 | $50,000.00 | |
| Investment Management Fee (a) | 0.1181% | $5.91 | $23.6200 | $59.05 |
| + Custodial Fee and Trust expense (if appl.) (b) | 0.0060% | $0.40 | $1.20 | $3.00 |
| + Administrative Fee (c) | 0.0100% | $0.50 | $2.00 | $5.00 |
| (1) Expense Ratio: NC Fixed Income Fund (= a+b+c) | 0.1341% | $6.71 | $26.92 | $67.05 |
| Investment in NC Large Cap Index Fund (50% of Total) | $5,000.00 | $20,000.00 | $50,000.00 | |
| Investment Management Fee (a) | 0.005% | $0.25 | $1.00 | $2.50 |
| + Custodial Fee and Trust expense (if appl.) (b) | 0.0007% | $0.04 | $0.14 | $0.35 |
| + Administrative Fee (c) | 0.0100% | $0.50 | $2.00 | $5.00 |
| (2) Expense Ratio: NC Fixed Income Fund (= a+b+c) | 0.1341% | $0.79 | $3.14 | $7.85 |
| (3) Recordkeeping and Communications Fee | $25.00 | $25.00 | $25.00 | $25.00 |
| Total Annual Fee in Dollars (= 1+2+3) | $32.49 | $54.96 | $99.90 | |
| Total Annual Fee as a percentage of Assets | 0.3249% | 0.1374% | 0.0999% | |
| With the Administrative Fee Waiver - Mar. 1, 2026 - Feb. 28, 2027 | ||||
| Total Annual Fee in Dollars (= 1+2+3) | $31.49 | $50.96 | $89.90 | |
| Total Annual Fee as a percentage of Assets | 0.3149% | 0.1274% | 0.0899% | |
This page was last modified on 10/27/2026