NSAOX Fees and Costs — Nuveen Strategic Municipal Opportunities Fund, Class A
Data updated: 2026-08-27
The net expense ratio is 0.85%. This share class carries a maximum front-end sales load of 3.00%. In fiscal 2026 the fund paid $3K in broker commissions, 0.0002% of average net assets, and portfolio turnover was 60%.
NSAOX Fees and Expenses
Annual operating expenses and sales charges of NSAOX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.48% |
| 12b-1 fee | 0.20% |
| Other expenses | — |
| Gross expense ratio | 0.85% |
| Fee waiver | — |
| Net expense ratio | 0.85% |
| Sales charges | |
|---|---|
| Max front load | 3.00% |
| 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 |
NSAOX Costs Over Time
On $10,000 invested in NSAOX, assuming 5% a year before costs, total costs come to $900 over 5 years, cutting the return by 1.52% 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 | $300 | $300 | $300 |
| Fund expenses (net expense ratio 0.85%) | $87 | $271 | $470 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $15 | $61 | $130 |
| Total costs | $402 | $631 | $900 |
| Value after costs | $10,098 | $10,945 | $11,863 |
| Impact on return, per year | 4.02% | 1.94% | 1.52% |
NSAOX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0002%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $1.3B
- Portfolio turnover (prospectus): 60%
- Securities lending: none during the year
NSAOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup | $3K | 100.00% |
NSAOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Siebert Cisneros Shank & Co., L.L.C. | $499.4M | 45.50% |
| JPMorgan Securities LLC | $114.9M | 10.47% |
| Wells Fargo Securities, LLC | $95.4M | 8.69% |
| National Financial Services LLC | $75.3M | 6.87% |
| Pershing LLC | $64.5M | 5.88% |
| RBC Capital Markets, LLC | $60.2M | 5.48% |
| Morgan Stanley | $51.3M | 4.67% |
| Bank of America, National Association | $49.2M | 4.48% |
| Barclays Capital Inc. | $44.7M | 4.07% |
| Jefferies LLC | $42.6M | 3.88% |
Nuveen Strategic Municipal Opportunities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| NSIOX | Class I | 0.65% | none |
| NSAOX | Class A | 0.85% | 3.00% |
| NSCOX | Class C | 1.65% | 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.