FWIAX Fees and Costs — Nuveen Wisconsin Municipal Bond Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 1.10% (1.19% before fee waivers). This share class carries a maximum front-end sales load of 4.20%. Portfolio turnover was 8%.
FWIAX Fees and Expenses
Annual operating expenses and sales charges of FWIAX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.51% |
| 12b-1 fee | 0.20% |
| Other expenses | — |
| Gross expense ratio | 1.19% |
| Fee waiver | −0.09% |
| Net expense ratio | 1.10% |
| 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 |
FWIAX Costs Over Time
On $10,000 invested in FWIAX, assuming 5% a year before costs, total costs come to $1,194 over 5 years, cutting the return by 2.04% 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 1.10%) | $111 | $345 | $597 |
| Lost growth on money paid in costs | $21 | $83 | $176 |
| Total costs | $552 | $848 | $1,194 |
| Value after costs | $9,948 | $10,728 | $11,569 |
| Impact on return, per year | 5.52% | 2.63% | 2.04% |
FWIAX 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): $40.4M
- Portfolio turnover (prospectus): 8%
- Securities lending: none during the year
FWIAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Robert W. Baird & Co. Incorporated | $10.0M | 25.95% |
| Bank of America, National Association | $6.1M | 15.80% |
| Wells Fargo Securities, LLC | $5.7M | 14.70% |
| Piper Sandler & Co. | $3.9M | 10.08% |
| JPMorgan Securities LLC | $2.8M | 7.30% |
| Mesirow Financial, Inc. | $2.8M | 7.25% |
| Barclays Capital Inc. | $2.1M | 5.35% |
| BNY Mellon Capital Markets, LLC | $2.0M | 5.23% |
| Virtu Americas LLC | $1.9M | 4.84% |
| RBC Capital Markets, LLC | $1.4M | 3.50% |
Nuveen Wisconsin 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 |
|---|---|---|---|
| FWIRX | Class I | 0.90% | none |
| FWIAX | Class A | 1.10% | 4.20% |
| FWCCX | Class C | 1.90% | 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.