NAAGX Fees and Costs — Nuveen Massachusetts Municipal Bond Fund, Class C
Data updated: 2026-07-24
The net expense ratio is 1.61%. This share class carries a deferred sales charge of up to 1.00%. Portfolio turnover was 21%.
NAAGX Fees and Expenses
Annual operating expenses and sales charges of NAAGX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 1.00% |
| Other expenses | — |
| Gross expense ratio | 1.61% |
| Fee waiver | — |
| Net expense ratio | 1.61% |
| 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 | No |
| Waived fees subject to recoupment | No |
NAAGX Costs Over Time
On $10,000 invested in NAAGX, assuming 5% a year before costs, total costs come to $995 over 5 years, cutting the return by 1.69% 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 1.61%) | $169 | $524 | $903 |
| Lost growth on money paid in costs | $0 | $26 | $92 |
| Total costs | $272 | $550 | $995 |
| Value after costs | $10,228 | $11,026 | $11,768 |
| Impact on return, per year | 2.72% | 1.69% | 1.69% |
NAAGX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $202.0M
- Portfolio turnover (prospectus): 21%
- Securities lending: none during the year
NAAGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $43.8M | 24.38% |
| RBC Capital Markets, LLC | $25.4M | 14.14% |
| Pershing LLC | $25.3M | 14.08% |
| Goldman Sachs & Co. LLC | $18.2M | 10.12% |
| JPMorgan Securities LLC | $17.5M | 9.76% |
| Wells Fargo Securities, LLC | $16.3M | 9.08% |
| Barclays Capital Inc. | $10.4M | 5.77% |
| Bank of America, National Association | $7.7M | 4.31% |
| Loop Capital Markets LLC | $7.6M | 4.23% |
| Morgan Stanley | $7.4M | 4.14% |
Nuveen Massachusetts 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 |
|---|---|---|---|
| NBMAX | Class I | 0.61% | none |
| NMAAX | Class A | 0.81% | 4.20% |
| NAAGX | Class C | 1.61% | 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.