NSBAX Fees and Costs — Nuveen Dividend Growth Fund, Class A
Data updated: 2026-10-14
The net expense ratio is 0.91%: a 0.59% management fee, a 0.25% 12b-1 fee plus 0.07% other expenses. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2026 the fund paid $705K in broker commissions, 0.0108% of average net assets, and portfolio turnover was 12%.
NSBAX Fees and Expenses
Annual operating expenses and sales charges of NSBAX. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.91% |
| Fee waiver | — |
| Net expense ratio | 0.91% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | — |
NSBAX Costs Over Time
On $10,000 invested in NSBAX, assuming 5% a year before costs, total costs come to $1,278 over 5 years, cutting the return by 2.19% 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 0.91%) | $90 | $281 | $488 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $29 | $105 | $209 |
| Total costs | $695 | $964 | $1,278 |
| Value after costs | $9,805 | $10,612 | $11,485 |
| Impact on return, per year | 6.95% | 3.00% | 2.19% |
NSBAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0108%
- Total broker commissions: $705K
- Bought from dealers (principal trades, not a cost): $3.2B
- Portfolio turnover (prospectus): 12%
NSBAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $108K | 17.34% |
| Sanford C. Bernstein & Co., LLC | $108K | 17.31% |
| Instinet LLC | $76K | 12.21% |
| National Financial Services LLC | $67K | 10.79% |
| Liquidnet INC. | $59K | 9.45% |
| Cowen and Company | $57K | 9.17% |
| RBC Capital Markets, LLC | $50K | 8.10% |
| Morgan Stanley | $42K | 6.74% |
| Barclays Capital Inc. | $32K | 5.21% |
| KeyBanc Capital Markets Inc. | $23K | 3.67% |
NSBAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $398.1M | 14.99% |
| Jefferies LLC | $375.0M | 14.12% |
| Sanford C. Bernstein & Co., LLC | $328.3M | 12.36% |
| Instinet LLC | $251.3M | 9.46% |
| Liquidnet INC. | $250.6M | 9.43% |
| National Financial Services LLC | $237.0M | 8.92% |
| Piper Sandler & Co. | $227.0M | 8.55% |
| Cowen and Company | $218.9M | 8.24% |
| Morgan Stanley | $212.4M | 8.00% |
| Bank of America, National Association | $157.8M | 5.94% |
Nuveen Dividend Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| NSBFX | Class R6 | 0.61% | none |
| NUDG | C000275829 | 0.61% | — |
| NSBRX | Class I | 0.66% | none |
| NSBAX | Class A | 0.91% | 5.75% |
| NSBCX | Class C | 1.66% | 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.