Registry rank 2483 · Portfolio as of 2026-03-31

Small Cap Index Fund

NSIDX

Best-fit active share0.9%vs IWM · fund as of 2026-03-31 · proxy as of 2026-03-31
Declared-benchmark active share95.5%Russell 3000® Index · benchmark mismatch · fund as of 2026-03-31 · proxy as of 2026-03-31 · declared source as of 2025-03-31
NSIDX expense ratio0.10%SEC expense filing · as of 2025-03-31
NSIDX fee per active unitNot meaningful — index-tracking portfolio (active share under 5%)expense as of 2025-03-31; fund as of 2026-03-31; proxy as of 2026-03-31

Filed fees in dollars

SEC-convention illustration

Computed from SEC filings

Assumptions for each dollar figure: $100,000 starting amount · 5.0% annual return · annual compounding · fees deducted annually · 0.01% computed index-control baseline. Methodology.

Illustrated difference between each class’s filed expense ratio and the computed index-control baseline. Computed from SEC filings.
Share class and filing10 years20 years30 years
NSIDX0.10% · SEC expense filing · as of 2025-03-31$1,390$4,504$10,946

Real trailing windows

Computed on licensed market-return history

Trailing windows use IWM adjusted-close total-return history through 2026-07-29 and the same filed index-control fee baseline as the convention table. Methodology.

Dollar fee drag over actual trailing proxy-return windows. Each result below is computed on licensed market-return history.
Share class and filing10 years20 years30 years
NSIDXFiled fee as of 2025-03-31$2,203Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 10.52% annualized
$8,912Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 8.84% annualized
Proxy history begins 2000 — no full 30-year window

Index-control tracking difference

Annualized fund NAV return minus the matched proxy return. Positive means the fund NAV return was higher over that window.

Derived annualized percentages only. Each result below is computed on licensed market-return history.
Fund NAV class10 years20 years30 years
NSIDXno exact shared fund NAV/proxy anchors for a full 10-year windowno exact shared fund NAV/proxy anchors for a full 20-year windowno exact shared fund NAV/proxy anchors for a full 30-year window

These figures are illustrations, not predictions or personalized advice. Returns and fees can differ. Read the research disclaimer.

Change the illustration

Return mode

Computed from SEC filings

Assumptions for the dollar figures below: $100,000 starting amount; 5.0% annual return; 20 years; annual compounding; fees deducted annually; 0.01% computed index-control baseline. NSIDX SEC expense filing, as of 2025-03-31. Methodology.

SEC-convention illustration for NSIDX; expense ratio filed as of 2025-03-31.
ResultAmount
Ending value at baseline$264,825
Ending value at filed expense ratio$260,321
Difference attributed to fee drag$4,504

This is an illustration, not a prediction or personalized advice. Returns and fees can differ. Read the research disclaimer.

Largest active differences vs IWM

The bars are labeled and repeated in the table; color is not the only signal. Linked company names open Buy Like Buffett’s company record; Sensible Investor does not score stocks.

HoldingFundIWMDifference
Bread Financial Holdings, Inc.0.12%0.06%+0.06%
Cushman & Wakefield Ltd.0.10%0.06%+0.04%
Moelis & Co.0.14%0.12%+0.03%
Pitney Bowes, Inc.0.06%0.04%+0.02%
SiriusPoint Ltd.0.07%0.06%+0.02%
Preferred Bank0.04%0.02%+0.01%
Liberty Latin America Ltd.0.05%0.04%+0.01%
Liberty Latin America Ltd.0.00%0.01%-0.01%
Douglas Emmett, Inc.0.05%0.04%+0.01%
Cartesian Therapeutics, Inc.0.01%0.00%+0.01%

Source and verification

SEC N-PORT filing · filed 2026-05-28 · period 2026-03-31

SEC expense filing · period 2025-03-31

Immutable verification record · Active-share method

Cite these figures

Each snippet includes the figure’s source-event date and immutable verification URL.

Best-fit active share

Sensible Investor, “Small Cap Index Fund — best-fit active share,” 0.9% versus IWM, fund portfolio as of 2026-03-31. https://sensible-investor.com/registry/nsidx/as-of/363649da-fcfb-4007-87ef-de06de7710ca

NSIDX filed expense ratio

Sensible Investor, “Small Cap Index Fund — filed expense ratio,” 0.10% for NSIDX, as of 2025-03-31. https://sensible-investor.com/registry/nsidx/as-of/363649da-fcfb-4007-87ef-de06de7710ca