C000227559 Fees and Costs — Nuveen Small-Cap Select ETF
Data updated: 2025-06-26
The net expense ratio is 0.86%: a 0.85% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $1K in broker commissions, 0.0171% of average net assets, and portfolio turnover was 49%.
C000227559 Fees and Expenses
Annual operating expenses and sales charges of C000227559. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.86% |
| Fee waiver | — |
| Net expense ratio | 0.86% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000227559 Costs Over Time
On $10,000 invested in C000227559, assuming 5% a year before costs, total costs come to $550 over 5 years, cutting the return by 0.92% 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 0.86%) | $90 | $282 | $490 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $92 | $302 | $550 |
| Value after costs | $10,408 | $11,274 | $12,213 |
| Impact on return, per year | 0.92% | 0.92% | 0.92% |
C000227559 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0171%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $3.8M
- Portfolio turnover (prospectus): 49%
- Securities on loan, average value: $56K
- Net income from securities lending: $2K (0.032% of average net assets)
C000227559 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $240 | 27.27% |
| Robert W. Baird & Co. Incorporated | $135 | 15.33% |
| Liquidnet INC. | $92 | 10.48% |
| FIDELITY CAPITAL | $72 | 8.13% |
| UBS Financial Services Inc. | $67 | 7.59% |
| Barclays Capital Inc. | $65 | 7.36% |
| Cowen and Company | $63 | 7.16% |
| Instinet LLC | $61 | 6.88% |
| Mizuho Securities USA, INC | $46 | 5.19% |
| William Blair | $41 | 4.61% |
C000227559 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Bank of America, National Association | $844K | 25.19% |
| RBC Capital Markets, LLC | $713K | 21.28% |
| Morgan Stanley | $550K | 16.42% |
| National Financial Services LLC | $277K | 8.27% |
| Instinet LLC | $267K | 7.96% |
| Jefferies LLC | $166K | 4.96% |
| Robert W. Baird & Co. Incorporated | $160K | 4.77% |
| Liquidnet INC. | $152K | 4.55% |
| Goldman Sachs & Co. LLC | $113K | 3.37% |
| Luminex Trading & Analytics LLC | $108K | 3.23% |
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.