FLAAX Fees and Costs — Nuveen All-American Municipal Bond Fund, Class A
Data updated: 2026-08-27
The net expense ratio is 0.78%. This share class carries a maximum front-end sales load of 4.20%. In fiscal 2026 the fund paid $9K in broker commissions, 0.0003% of average net assets, and portfolio turnover was 61%.
FLAAX Fees and Expenses
Annual operating expenses and sales charges of FLAAX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.20% |
| Other expenses | — |
| Gross expense ratio | 0.78% |
| Fee waiver | — |
| Net expense ratio | 0.78% |
| Sales charges | |
|---|---|
| Max front load | 4.20% |
| 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 |
FLAAX Costs Over Time
On $10,000 invested in FLAAX, assuming 5% a year before costs, total costs come to $1,006 over 5 years, cutting the return by 1.71% 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 | $420 | $420 | $420 |
| Fund expenses (net expense ratio 0.78%) | $78 | $245 | $427 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $21 | $78 | $159 |
| Total costs | $519 | $744 | $1,006 |
| Value after costs | $9,981 | $10,832 | $11,757 |
| Impact on return, per year | 5.19% | 2.30% | 1.71% |
FLAAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0003%
- Total broker commissions: $9K
- Bought from dealers (principal trades, not a cost): $4.7B
- Portfolio turnover (prospectus): 61%
- Securities lending: none during the year
FLAAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup | $9K | 100.00% |
FLAAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Siebert Cisneros Shank & Co., L.L.C. | $2.4B | 58.35% |
| Wells Fargo Securities, LLC | $328.8M | 8.07% |
| JPMorgan Securities LLC | $312.2M | 7.66% |
| Pershing LLC | $190.7M | 4.68% |
| National Financial Services LLC | $188.3M | 4.62% |
| Piper Sandler & Co. | $161.7M | 3.97% |
| RBC Capital Markets, LLC | $151.9M | 3.73% |
| Jefferies LLC | $145.8M | 3.58% |
| Bank of America, National Association | $120.1M | 2.95% |
| Barclays Capital Inc. | $98.2M | 2.41% |
Nuveen All-American 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 |
|---|---|---|---|
| FAAWX | Class R6 | 0.55% | none |
| FAARX | Class I | 0.58% | none |
| FLAAX | Class A | 0.78% | 4.20% |
| FACCX | Class C | 1.58% | 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.