NCOAX Fees and Costs — Nuveen High Yield Income Fund, Class A
Data updated: 2026-07-24
The net expense ratio is 1.02% (1.09% before fee waivers). This share class carries a maximum front-end sales load of 4.75%. In fiscal 2024 the fund paid $22K in broker commissions, 0.0038% of average net assets, and portfolio turnover was 170%.
NCOAX Fees and Expenses
Annual operating expenses and sales charges of NCOAX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.23% |
| Gross expense ratio | 1.09% |
| Fee waiver | −0.07% |
| Net expense ratio | 1.02% |
| Sales charges | |
|---|---|
| Max front load | 4.75% |
| 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 |
NCOAX Costs Over Time
On $10,000 invested in NCOAX, assuming 5% a year before costs, total costs come to $1,216 over 5 years, cutting the return by 2.08% 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 | $475 | $475 | $475 |
| Fund expenses (net expense ratio 1.02%) | $102 | $318 | $552 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $24 | $91 | $187 |
| Total costs | $601 | $885 | $1,216 |
| Value after costs | $9,899 | $10,691 | $11,547 |
| Impact on return, per year | 6.01% | 2.75% | 2.08% |
NCOAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0038%
- Total broker commissions: $22K
- Bought from dealers (principal trades, not a cost): $2.2B
- Portfolio turnover (prospectus): 170%
- Securities on loan, average value: $26.4M
- Net income from securities lending: $304K (0.052% of average net assets)
NCOAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $7K | 30.95% |
| Barclays Capital Inc. | $5K | 24.72% |
| JPMorgan Securities LLC | $5K | 23.20% |
| Bank of America, National Association | $4K | 18.37% |
| Morgan Stanley | $555 | 2.51% |
| Wells Fargo Securities, LLC | $54 | 0.24% |
NCOAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $611.8M | 30.02% |
| JPMorgan Securities LLC | $334.4M | 16.41% |
| Bank of America, National Association | $243.7M | 11.96% |
| Wells Fargo Securities, LLC | $225.8M | 11.08% |
| Barclays Capital Inc. | $187.6M | 9.21% |
| Morgan Stanley | $138.5M | 6.80% |
| Citigroup | $99.7M | 4.89% |
| UBS Financial Services Inc. | $92.2M | 4.52% |
| Deutsche Bank Securities Inc. | $63.9M | 3.14% |
| RBC Capital Markets, LLC | $40.3M | 1.98% |
Nuveen High Yield Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| NCSRX | Class R6 | 0.61% | none |
| NCOIX | Class I | 0.77% | none |
| NCOAX | Class A | 1.02% | 4.75% |
| NCFCX | Class C | 1.77% | 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.