FAMAX Fees and Costs — Nuveen Minnesota Intermediate Municipal Bond Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 0.80%. This share class carries a maximum front-end sales load of 3.00%. Portfolio turnover was 10%.
FAMAX Fees and Expenses
Annual operating expenses and sales charges of FAMAX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 0.20% |
| Other expenses | — |
| Gross expense ratio | 0.80% |
| Fee waiver | — |
| Net expense ratio | 0.80% |
| Sales charges | |
|---|---|
| Max front load | 3.00% |
| 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 |
FAMAX Costs Over Time
On $10,000 invested in FAMAX, assuming 5% a year before costs, total costs come to $870 over 5 years, cutting the return by 1.47% 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 | $300 | $300 | $300 |
| Fund expenses (net expense ratio 0.80%) | $81 | $255 | $443 |
| Lost growth on money paid in costs | $15 | $60 | $127 |
| Total costs | $396 | $615 | $870 |
| Value after costs | $10,104 | $10,962 | $11,893 |
| Impact on return, per year | 3.96% | 1.89% | 1.47% |
FAMAX 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): $96.2M
- Portfolio turnover (prospectus): 10%
- Securities lending: none during the year
FAMAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Bank of America, National Association | $23.6M | 25.52% |
| Morgan Stanley | $20.3M | 21.94% |
| Piper Sandler & Co. | $16.5M | 17.86% |
| RBC Capital Markets, LLC | $7.0M | 7.61% |
| Wells Fargo Securities, LLC | $5.9M | 6.33% |
| JPMorgan Securities LLC | $5.7M | 6.13% |
| Robert W. Baird & Co. Incorporated | $4.0M | 4.31% |
| Mesirow Financial, Inc. | $3.6M | 3.90% |
| Dougherty & Company LLC | $3.0M | 3.24% |
| Duncan-Williams, Inc. | $2.9M | 3.17% |
Nuveen Minnesota Intermediate 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 |
|---|---|---|---|
| FAMTX | Class I | 0.60% | none |
| FAMAX | Class A | 0.80% | 3.00% |
| NIBCX | Class C | 1.60% | 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.