C000001691 Fees and Costs — Nuveen Large Cap Value Fund, Class I
Data updated: 2023-10-27
The net expense ratio is 0.75%: a 0.66% management fee plus 0.65% other expenses, less a 0.56% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $331K in broker commissions, 0.1068% of average net assets, and portfolio turnover was 40%.
C000001691 Fees and Expenses
Annual operating expenses and sales charges of C000001691. Prospectus, as of October 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.66% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.65% |
| Gross expense ratio | 1.31% |
| Fee waiver | −0.56% |
| Net expense ratio | 0.75% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000001691 Costs Over Time
On $10,000 invested in C000001691, assuming 5% a year before costs, total costs come to $537 over 5 years, cutting the return by 0.90% 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 0.75%) | $79 | $246 | $427 |
| Trading costs (broker commissions) | $11 | $35 | $61 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $90 | $295 | $537 |
| Value after costs | $10,410 | $11,281 | $12,225 |
| Impact on return, per year | 0.90% | 0.90% | 0.90% |
C000001691 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.1068%
- Total broker commissions: $331K
- Bought from dealers (principal trades, not a cost): $942.2M
- Portfolio turnover (prospectus): 40%
- Securities lending: none during the year
C000001691 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet LLC | $67K | 20.85% |
| Jefferies LLC | $56K | 17.30% |
| RBC Capital Markets, LLC | $37K | 11.46% |
| Credit Suisse Securities (USA) LLC | $35K | 10.80% |
| Bank of America, National Association | $32K | 9.94% |
| Goldman Sachs & Co. LLC | $32K | 9.86% |
| JPMorgan Securities LLC | $32K | 9.84% |
| CITATION FINANCIAL GROUP, L.P. | $20K | 6.31% |
| Citigroup | $6K | 1.84% |
| Morgan Stanley | $6K | 1.81% |
C000001691 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMorgan Securities LLC | $144.1M | 15.54% |
| Jefferies LLC | $140.7M | 15.17% |
| Credit Suisse Securities (USA) LLC | $134.0M | 14.45% |
| Bank of America, National Association | $117.8M | 12.70% |
| Instinet LLC | $116.6M | 12.57% |
| RBC Capital Markets, LLC | $110.9M | 11.96% |
| Goldman Sachs & Co. LLC | $98.3M | 10.61% |
| CITATION FINANCIAL GROUP, L.P. | $38.9M | 4.19% |
| Morgan Stanley | $13.6M | 1.46% |
| Piper Jaffray & Co. | $12.6M | 1.35% |
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.