NRIIX Fees and Costs — Nuveen Real Asset Income Fund, Class I
Data updated: 2026-08-27
The net expense ratio is 0.91%: a 0.73% management fee plus 0.19% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.9M in broker commissions, 0.1673% of average net assets, and portfolio turnover was 74%.
NRIIX Fees and Expenses
Annual operating expenses and sales charges of NRIIX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.73% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.19% |
| Gross expense ratio | 0.92% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.91% |
| 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 | Yes |
| Waived fees subject to recoupment | No |
NRIIX Costs Over Time
On $10,000 invested in NRIIX, assuming 5% a year before costs, total costs come to $673 over 5 years, cutting the return by 1.13% 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 0.91%) | $96 | $298 | $516 |
| Trading costs (broker commissions) | $18 | $55 | $95 |
| Lost growth on money paid in costs | $0 | $17 | $62 |
| Total costs | $113 | $370 | $673 |
| Value after costs | $10,387 | $11,206 | $12,090 |
| Impact on return, per year | 1.13% | 1.13% | 1.13% |
NRIIX 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): 0.1673%
- Total broker commissions: $1.9M
- Bought from dealers (principal trades, not a cost): $1.6B
- Portfolio turnover (prospectus): 74%
- Securities on loan, average value: $17.7M
- Net income from securities lending: $139K (0.012% of average net assets)
NRIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $367K | 23.52% |
| JPMorgan Securities LLC | $350K | 22.43% |
| Macquarie Capital (USA) Inc. | $170K | 10.92% |
| Bank of America, National Association | $126K | 8.08% |
| Cowen and Company | $122K | 7.79% |
| RBC Capital Markets, LLC | $121K | 7.74% |
| Sanford C. Bernstein & Co., LLC | $88K | 5.64% |
| UBS Financial Services Inc. | $82K | 5.28% |
| Virtu Americas LLC | $77K | 4.96% |
| Merrill Lynch & Co. Inc. | $57K | 3.63% |
NRIIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMorgan Securities LLC | $206.7M | 18.88% |
| Jefferies LLC | $162.1M | 14.80% |
| Bank of America, National Association | $134.5M | 12.28% |
| Goldman Sachs & Co. LLC | $114.2M | 10.43% |
| UBS Financial Services Inc. | $110.9M | 10.12% |
| Macquarie Capital (USA) Inc. | $80.7M | 7.37% |
| Cantor Fitzgerald & Co. | $80.5M | 7.35% |
| RBC Capital Markets, LLC | $75.3M | 6.88% |
| Cowen and Company | $68.8M | 6.28% |
| Sanford C. Bernstein & Co., LLC | $61.4M | 5.60% |
Nuveen Real Asset 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 |
|---|---|---|---|
| NRIFX | Class R6 | 0.81% | none |
| NRIIX | Class I | 0.91% | none |
| NRIAX | Class A | 1.16% | 5.75% |
| NRICX | Class C | 1.91% | 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.