NPSRX Fees and Costs — Nuveen Preferred Securities and Income Fund, Class I
Data updated: 2026-07-24
The net expense ratio is 0.75%: a 0.65% management fee plus 0.10% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $113K in broker commissions, 0.0026% of average net assets, and portfolio turnover was 28%.
NPSRX Fees and Expenses
Annual operating expenses and sales charges of NPSRX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.75% |
| Fee waiver | — |
| Net expense ratio | 0.75% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
NPSRX Costs Over Time
On $10,000 invested in NPSRX, assuming 5% a year before costs, total costs come to $473 over 5 years, cutting the return by 0.79% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $79 | $259 | $473 |
| Value after costs | $10,421 | $11,317 | $12,290 |
| Impact on return, per year | 0.79% | 0.79% | 0.79% |
NPSRX 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): 0.0026%
- Total broker commissions: $113K
- Bought from dealers (principal trades, not a cost): $2.3B
- Portfolio turnover (prospectus): 28%
- Securities on loan, average value: $113.8M
- Net income from securities lending: $1.1M (0.025% of average net assets)
NPSRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup | $73K | 64.76% |
| Goldman Sachs & Co. LLC | $40K | 35.24% |
NPSRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNP Paribas Securities Corp. | $608.0M | 32.22% |
| UBS Financial Services Inc. | $235.3M | 12.47% |
| Goldman Sachs & Co. LLC | $222.0M | 11.77% |
| Bank of America, National Association | $181.0M | 9.59% |
| Morgan Stanley | $147.1M | 7.80% |
| Seaport Global Securities LLC | $145.2M | 7.69% |
| Citigroup | $100.1M | 5.30% |
| JPMorgan Securities LLC | $85.7M | 4.54% |
| RBC Capital Markets, LLC | $84.8M | 4.50% |
| Cowen and Company | $77.6M | 4.11% |
Nuveen Preferred Securities and 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 |
|---|---|---|---|
| NPSFX | Class R6 | 0.68% | none |
| NPSRX | Class I | 0.75% | none |
| NPSAX | Class A | 1.00% | 4.75% |
| NPSCX | Class C | 1.75% | 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.