NGJAX Fees and Costs — Nuveen Global Real Estate Securities Fund, Class A
Data updated: 2026-08-27
The net expense ratio is 1.30%: a 0.91% management fee, a 0.25% 12b-1 fee plus 0.73% other expenses, less a 0.59% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2025 the fund paid $95K in broker commissions, 0.2081% of average net assets, and portfolio turnover was 90%.
NGJAX Fees and Expenses
Annual operating expenses and sales charges of NGJAX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.91% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.73% |
| Gross expense ratio | 1.89% |
| Fee waiver | −0.59% |
| Net expense ratio | 1.30% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
NGJAX Costs Over Time
On $10,000 invested in NGJAX, assuming 5% a year before costs, total costs come to $1,614 over 5 years, cutting the return by 2.80% 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 | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.30%) | $129 | $399 | $689 |
| Trading costs (broker commissions) | $21 | $64 | $110 |
| Lost growth on money paid in costs | $29 | $114 | $240 |
| Total costs | $753 | $1,152 | $1,614 |
| Value after costs | $9,747 | $10,424 | $11,149 |
| Impact on return, per year | 7.53% | 3.60% | 2.80% |
NGJAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.2081%
- Total broker commissions: $95K
- Bought from dealers (principal trades, not a cost): $81.4M
- Portfolio turnover (prospectus): 90%
- Securities on loan, average value: $82K
- Net income from securities lending: $234 (0.001% of average net assets)
NGJAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMorgan Securities LLC | $17K | 22.41% |
| Jefferies LLC | $12K | 15.23% |
| Macquarie Capital (USA) Inc. | $9K | 10.94% |
| RBC Capital Markets, LLC | $8K | 10.93% |
| Sanford C. Bernstein & Co., LLC | $7K | 9.43% |
| Cowen and Company | $6K | 7.64% |
| Bank of America, National Association | $6K | 7.38% |
| UBS Financial Services Inc. | $5K | 5.92% |
| Virtu Americas LLC | $4K | 5.43% |
| Merrill Lynch & Co. Inc. | $4K | 4.70% |
NGJAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMorgan Securities LLC | $12.7M | 18.94% |
| Jefferies LLC | $9.6M | 14.28% |
| UBS Financial Services Inc. | $8.2M | 12.24% |
| Macquarie Capital (USA) Inc. | $6.7M | 10.02% |
| Sanford C. Bernstein & Co., LLC | $6.2M | 9.27% |
| RBC Capital Markets, LLC | $5.5M | 8.17% |
| Bank of America, National Association | $5.0M | 7.42% |
| Cantor Fitzgerald & Co. | $4.7M | 7.07% |
| BTIG, LLC | $4.4M | 6.51% |
| Virtu Americas LLC | $4.1M | 6.09% |
Nuveen Global Real Estate Securities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| NGJFX | Class R6 | 0.93% | none |
| NGJIX | Class I | 1.05% | none |
| NGJAX | Class A | 1.30% | 5.75% |
| NGJCX | Class C | 2.05% | 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.