C000001560 Fees and Costs — Nuveen Tennessee Municipal Bond Fund, Class A
Data updated: 2021-01-26
The net expense ratio is 0.89%. This share class carries a maximum front-end sales load of 4.20%. Portfolio turnover was 12%.
C000001560 Fees and Expenses
Annual operating expenses and sales charges of C000001560. Prospectus, as of September 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 0.20% |
| Other expenses | — |
| Gross expense ratio | 0.89% |
| Fee waiver | — |
| Net expense ratio | 0.89% |
| Sales charges | |
|---|---|
| Max front load | 4.20% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000001560 Costs Over Time
On $10,000 invested in C000001560, assuming 5% a year before costs, total costs come to $1,071 over 5 years, cutting the return by 1.82% 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 |
| Sales charges | $420 | $420 | $420 |
| Fund expenses (net expense ratio 0.89%) | $90 | $280 | $486 |
| Lost growth on money paid in costs | $21 | $80 | $165 |
| Total costs | $531 | $780 | $1,071 |
| Value after costs | $9,969 | $10,797 | $11,692 |
| Impact on return, per year | 5.31% | 2.41% | 1.82% |
C000001560 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $71.0M
- Portfolio turnover (prospectus): 12%
- Securities lending: none during the year
C000001560 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital Inc. | $11.8M | 21.20% |
| Citigroup | $7.1M | 12.75% |
| Bank of America, National Association | $7.1M | 12.73% |
| BNY Mellon Capital Markets, LLC | $5.1M | 9.12% |
| FTN Financial Securities Corp. | $5.0M | 9.00% |
| Janney Montgomery Scott LLC | $4.6M | 8.24% |
| D.A. Davidson & Co. | $4.3M | 7.74% |
| Goldman Sachs & Co. LLC | $4.3M | 7.65% |
| JPMorgan Securities LLC | $3.5M | 6.32% |
| WILEY BROS.-AINTREE CAPITAL, LLC | $2.9M | 5.24% |
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.