FSHAX Fees and Costs — Nuveen Short Term Municipal Bond Fund, Class A
Data updated: 2026-08-27
The net expense ratio is 0.61% (0.69% before fee waivers). This share class carries a maximum front-end sales load of 2.50%. Portfolio turnover was 46%.
FSHAX Fees and Expenses
Annual operating expenses and sales charges of FSHAX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | 0.20% |
| Other expenses | — |
| Gross expense ratio | 0.69% |
| Fee waiver | −0.08% |
| Net expense ratio | 0.61% |
| Sales charges | |
|---|---|
| Max front load | 2.50% |
| 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 |
FSHAX Costs Over Time
On $10,000 invested in FSHAX, assuming 5% a year before costs, total costs come to $694 over 5 years, cutting the return by 1.17% 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 | $250 | $250 | $250 |
| Fund expenses (net expense ratio 0.61%) | $62 | $196 | $341 |
| Lost growth on money paid in costs | $12 | $49 | $103 |
| Total costs | $325 | $495 | $694 |
| Value after costs | $10,175 | $11,082 | $12,069 |
| Impact on return, per year | 3.25% | 1.52% | 1.17% |
FSHAX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $287.4M
- Portfolio turnover (prospectus): 46%
- Securities lending: none during the year
FSHAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMorgan Securities LLC | $81.3M | 32.62% |
| Bank of America, National Association | $42.3M | 16.98% |
| ICE Securities Execution & Clearing, LLC | $33.6M | 13.49% |
| Wells Fargo Securities, LLC | $29.1M | 11.68% |
| RBC Capital Markets, LLC | $15.7M | 6.30% |
| Morgan Stanley | $12.8M | 5.15% |
| Stifel Nicolaus & Company Incorporated | $11.0M | 4.40% |
| Raymond James & Associates Inc. | $9.8M | 3.93% |
| Pershing LLC | $7.2M | 2.89% |
| Jefferies LLC | $6.4M | 2.57% |
Nuveen Short Term 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 |
|---|---|---|---|
| FSHYX | Class I | 0.41% | none |
| FSHAX | Class A | 0.61% | 2.50% |
| NAAEX | Class C | 1.41% | 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.