FMMRX Fees and Costs — Nuveen Missouri Municipal Bond Fund, Class I
Data updated: 2026-09-28
The net expense ratio is 0.57%. There are no sales loads or redemption fees. Portfolio turnover was 7%.
FMMRX Fees and Expenses
Annual operating expenses and sales charges of FMMRX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 0.57% |
| Fee waiver | — |
| Net expense ratio | 0.57% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
FMMRX Costs Over Time
On $10,000 invested in FMMRX, assuming 5% a year before costs, total costs come to $360 over 5 years, cutting the return by 0.60% 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 0.57%) | $60 | $188 | $327 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $60 | $197 | $360 |
| Value after costs | $10,440 | $11,379 | $12,403 |
| Impact on return, per year | 0.60% | 0.60% | 0.60% |
FMMRX 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): $54.7M
- Portfolio turnover (prospectus): 7%
- Securities lending: none during the year
FMMRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Piper Sandler & Co. | $8.7M | 18.53% |
| Wells Fargo Securities, LLC | $7.1M | 15.13% |
| Janney Montgomery Scott LLC | $6.9M | 14.69% |
| Raymond James & Associates Inc. | $5.5M | 11.74% |
| RBC Capital Markets, LLC | $3.7M | 7.93% |
| Mesirow Financial, Inc. | $3.5M | 7.35% |
| Stifel Nicolaus & Company Incorporated | $3.4M | 7.23% |
| B. C. Ziegler and Company | $2.9M | 6.26% |
| Bank of America, National Association | $2.7M | 5.74% |
| National Financial Services LLC | $2.5M | 5.41% |
Nuveen Missouri 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 |
|---|---|---|---|
| FMMRX | Class I | 0.57% | none |
| FMOTX | Class A | 0.77% | 4.20% |
| FAFPX | Class C | 1.57% | 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.