FNMTX Fees and Costs — Nuveen New Mexico Municipal Bond Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 0.83%: a 0.51% management fee, a 0.20% 12b-1 fee plus 0.20% other expenses, less a 0.08% fee waiver. This share class carries a maximum front-end sales load of 4.20%. Portfolio turnover was 16%.
FNMTX Fees and Expenses
Annual operating expenses and sales charges of FNMTX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.51% |
| 12b-1 fee | 0.20% |
| Other expenses | 0.20% |
| Gross expense ratio | 0.91% |
| Fee waiver | −0.08% |
| Net expense ratio | 0.83% |
| 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 |
FNMTX Costs Over Time
On $10,000 invested in FNMTX, assuming 5% a year before costs, total costs come to $1,035 over 5 years, cutting the return by 1.76% 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 0.83%) | $83 | $261 | $453 |
| Lost growth on money paid in costs | $21 | $79 | $162 |
| Total costs | $524 | $760 | $1,035 |
| Value after costs | $9,976 | $10,816 | $11,728 |
| Impact on return, per year | 5.24% | 2.35% | 1.76% |
FNMTX 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): $16.2M
- Portfolio turnover (prospectus): 16%
- Securities lending: none during the year
FNMTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Bank of America, National Association | $5.8M | 36.28% |
| RBC Capital Markets, LLC | $2.8M | 17.58% |
| Stifel Nicolaus & Company Incorporated | $1.5M | 9.58% |
| Jefferies LLC | $1.5M | 9.34% |
| JPMorgan Securities LLC | $1.1M | 6.70% |
| KeyBanc Capital Markets Inc. | $1.0M | 6.29% |
| Wells Fargo Securities, LLC | $759K | 4.77% |
| Morgan Stanley | $527K | 3.31% |
| FTN Financial Securities Corp. | $509K | 3.20% |
| BOK FINANCIAL SECURITIES, INC. | $467K | 2.94% |
Nuveen New Mexico 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 |
|---|---|---|---|
| FNMRX | Class I | 0.63% | none |
| FNMTX | Class A | 0.83% | 4.20% |
| FNCCX | Class C | 1.63% | 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.