FAQIX Fees and Costs — Nuveen Dividend Value Fund, Class I
Data updated: 2026-09-25
The net expense ratio is 0.70%: a 0.61% management fee plus 0.11% other expenses, less a 0.02% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2.3M in broker commissions, 0.0742% of average net assets, and portfolio turnover was 81%.
FAQIX Fees and Expenses
Annual operating expenses and sales charges of FAQIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.61% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.11% |
| Gross expense ratio | 0.72% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.70% |
| 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 |
FAQIX Costs Over Time
On $10,000 invested in FAQIX, assuming 5% a year before costs, total costs come to $486 over 5 years, cutting the return by 0.81% 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 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $8 | $24 | $42 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $81 | $267 | $486 |
| Value after costs | $10,419 | $11,309 | $12,276 |
| Impact on return, per year | 0.81% | 0.81% | 0.81% |
FAQIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0742%
- Total broker commissions: $2.3M
- Bought from dealers (principal trades, not a cost): $5.3B
- Portfolio turnover (prospectus): 81%
- Securities lending: none during the year
FAQIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $488K | 26.72% |
| National Financial Services LLC | $270K | 14.77% |
| RBC Capital Markets, LLC | $224K | 12.24% |
| Barclays Capital Inc. | $180K | 9.83% |
| Cowen and Company | $144K | 7.89% |
| Bank of America, National Association | $125K | 6.87% |
| Sanford C. Bernstein & Co., LLC | $124K | 6.81% |
| Instinet LLC | $108K | 5.92% |
| Liquidnet INC. | $92K | 5.05% |
| Goldman Sachs & Co. LLC | $72K | 3.91% |
FAQIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $944.0M | 24.23% |
| National Financial Services LLC | $587.2M | 15.07% |
| RBC Capital Markets, LLC | $414.7M | 10.64% |
| Bank of America, National Association | $398.3M | 10.22% |
| UBS Financial Services Inc. | $347.4M | 8.92% |
| Barclays Capital Inc. | $307.6M | 7.90% |
| Piper Sandler & Co. | $263.6M | 6.77% |
| Instinet LLC | $223.9M | 5.75% |
| Cowen and Company | $205.3M | 5.27% |
| Sanford C. Bernstein & Co., LLC | $204.1M | 5.24% |
Nuveen Dividend Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FFEFX | Class R6 | 0.61% | none |
| FAQIX | Class I | 0.70% | none |
| FFEIX | Class A | 0.95% | 5.75% |
| FFECX | Class C | 1.70% | 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.