NBPAX Fees and Costs — Nuveen Pennsylvania Municipal Bond Fund, Class I
Data updated: 2026-09-28
The net expense ratio is 0.60%. There are no sales loads or redemption fees. Portfolio turnover was 16%.
NBPAX Fees and Expenses
Annual operating expenses and sales charges of NBPAX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 0.60% |
| Fee waiver | — |
| Net expense ratio | 0.60% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
NBPAX Costs Over Time
On $10,000 invested in NBPAX, assuming 5% a year before costs, total costs come to $378 over 5 years, cutting the return by 0.63% 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 |
| Fund expenses (net expense ratio 0.60%) | $63 | $197 | $344 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $63 | $207 | $378 |
| Value after costs | $10,437 | $11,369 | $12,384 |
| Impact on return, per year | 0.63% | 0.63% | 0.63% |
NBPAX 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): $100.6M
- Portfolio turnover (prospectus): 16%
- Securities lending: none during the year
NBPAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMorgan Securities LLC | $12.3M | 17.03% |
| Bank of America, National Association | $11.6M | 16.02% |
| Raymond James & Associates Inc. | $10.6M | 14.66% |
| Truist Investment Services, Inc. | $7.0M | 9.62% |
| UBS Financial Services Inc. | $5.6M | 7.71% |
| SAMUEL A. RAMIREZ & COMPANY, INC. | $5.5M | 7.63% |
| Piper Sandler & Co. | $5.4M | 7.39% |
| PNC Capital Markets LLC | $5.0M | 6.94% |
| Wells Fargo Securities, LLC | $4.9M | 6.72% |
| RBC Capital Markets, LLC | $4.6M | 6.29% |
Nuveen Pennsylvania 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 |
|---|---|---|---|
| NBPAX | Class I | 0.60% | none |
| FPNTX | Class A | 0.80% | 4.20% |
| FPCCX | 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.