FAFLX Fees and Costs — Nuveen Louisiana Municipal Bond Fund, Class C
Data updated: 2026-09-28
The net expense ratio is 1.64%. This share class carries a deferred sales charge of up to 1.00%. Portfolio turnover was 17%.
FAFLX Fees and Expenses
Annual operating expenses and sales charges of FAFLX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 1.00% |
| Other expenses | — |
| Gross expense ratio | 1.64% |
| Fee waiver | — |
| Net expense ratio | 1.64% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FAFLX Costs Over Time
On $10,000 invested in FAFLX, assuming 5% a year before costs, total costs come to $1,013 over 5 years, cutting the return by 1.72% 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 | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.64%) | $172 | $534 | $919 |
| Lost growth on money paid in costs | $0 | $27 | $93 |
| Total costs | $275 | $560 | $1,013 |
| Value after costs | $10,225 | $11,016 | $11,750 |
| Impact on return, per year | 2.75% | 1.72% | 1.72% |
FAFLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $72.0M
- Portfolio turnover (prospectus): 17%
- Securities lending: none during the year
FAFLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Piper Sandler & Co. | $14.3M | 23.20% |
| JPMorgan Securities LLC | $12.2M | 19.87% |
| BNY Mellon Capital Markets, LLC | $9.0M | 14.59% |
| Bank of America, National Association | $8.0M | 13.04% |
| Raymond James & Associates Inc. | $4.3M | 6.98% |
| Duncan-Williams, Inc. | $4.1M | 6.65% |
| D.A. Davidson & Co. | $3.0M | 4.92% |
| Loop Capital Markets LLC | $2.4M | 3.98% |
| Oppenheimer & Co. Inc. | $2.2M | 3.51% |
| Wells Fargo Securities, LLC | $2.0M | 3.25% |
Nuveen Louisiana Municipal Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FTLRX | Class I | 0.64% | none |
| FTLAX | Class A | 0.84% | 4.20% |
| FAFLX | Class C | 1.64% | none |
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.