NAAFX Fees and Costs — Nuveen Nebraska Municipal Bond Fund, Class C
Data updated: 2026-09-28
The net expense ratio is 1.60%: a 0.51% management fee, a 1.00% 12b-1 fee plus 0.23% other expenses, less a 0.14% fee waiver. This share class carries a deferred sales charge of up to 1.00%. Portfolio turnover was 20%.
NAAFX Fees and Expenses
Annual operating expenses and sales charges of NAAFX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.51% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.23% |
| Gross expense ratio | 1.74% |
| Fee waiver | −0.14% |
| Net expense ratio | 1.60% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
NAAFX Costs Over Time
On $10,000 invested in NAAFX, assuming 5% a year before costs, total costs come to $989 over 5 years, cutting the return by 1.68% 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 | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.60%) | $168 | $521 | $898 |
| Lost growth on money paid in costs | $0 | $26 | $91 |
| Total costs | $271 | $547 | $989 |
| Value after costs | $10,229 | $11,029 | $11,774 |
| Impact on return, per year | 2.71% | 1.68% | 1.68% |
NAAFX 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): $21.5M
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
NAAFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| D.A. Davidson & Co. | $7.0M | 35.47% |
| Bank of America, National Association | $2.9M | 14.91% |
| RBC Capital Markets, LLC | $2.1M | 10.58% |
| Wells Fargo Securities, LLC | $1.5M | 7.65% |
| Northland Securities, Inc. | $1.4M | 7.16% |
| JPMorgan Securities LLC | $1.2M | 6.02% |
| BOK FINANCIAL SECURITIES, INC. | $1.0M | 5.21% |
| Piper Sandler & Co. | $1.0M | 5.19% |
| Oppenheimer & Co. Inc. | $841K | 4.27% |
| Advisors Asset Management, Inc. | $702K | 3.56% |
Nuveen Nebraska 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 |
|---|---|---|---|
| FNTYX | Class I | 0.60% | none |
| FNTAX | Class A | 0.80% | 4.20% |
| NAAFX | Class C | 1.60% | 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.