C000174074 Fees and Costs — Nuveen California Intermediate Municipal Bond Fund, Class I
Data updated: 2020-10-29
The net expense ratio is 0.56%: a 0.51% management fee plus 0.56% other expenses, less a 0.51% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 2%.
C000174074 Fees and Expenses
Annual operating expenses and sales charges of C000174074. Prospectus, as of June 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.51% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.56% |
| Gross expense ratio | 1.07% |
| Fee waiver | −0.51% |
| Net expense ratio | 0.56% |
| 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 |
C000174074 Costs Over Time
On $10,000 invested in C000174074, assuming 5% a year before costs, total costs come to $353 over 5 years, cutting the return by 0.59% 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 0.56%) | $59 | $184 | $321 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $59 | $193 | $353 |
| Value after costs | $10,441 | $11,383 | $12,409 |
| Impact on return, per year | 0.59% | 0.59% | 0.59% |
C000174074 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 29, 2020.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $2.8M
- Portfolio turnover (prospectus): 2%
- Securities lending: none during the year
C000174074 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup | $915K | 32.21% |
| RBC Capital Markets, LLC | $621K | 21.87% |
| Morgan Stanley | $529K | 18.61% |
| Piper Jaffray & Co. | $301K | 10.61% |
| Wells Fargo Securities, LLC | $298K | 10.49% |
| Hilltop Securities Inc. | $176K | 6.21% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.