NULC Fees and Costs — Nuveen ESG Large-Cap ETF
Data updated: 2026-09-25
The net expense ratio is 0.21%: a 0.20% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $35 in broker commissions, 0.0001% of average net assets, and portfolio turnover was 72%.
NULC Fees and Expenses
Annual operating expenses and sales charges of NULC. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.21% |
| Fee waiver | — |
| Net expense ratio | 0.21% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
NULC Costs Over Time
On $10,000 invested in NULC, assuming 5% a year before costs, total costs come to $134 over 5 years, cutting the return by 0.22% 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 0.21%) | $22 | $69 | $121 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $22 | $73 | $134 |
| Value after costs | $10,478 | $11,503 | $12,629 |
| Impact on return, per year | 0.22% | 0.22% | 0.22% |
NULC Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0001%
- Total broker commissions: $35
- Bought from dealers (principal trades, not a cost): $76.0M
- Portfolio turnover (prospectus): 72%
- Securities on loan, average value: $0
- Net income from securities lending: $48 (0.000% of average net assets)
NULC Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, LLC | $21 | 59.94% |
| Jefferies LLC | $13 | 38.27% |
| Liquidnet, Inc. | $0 | 0.66% |
| Piper Sandler & Co. | $0 | 0.58% |
| RBC Capital Markets, LLC | $0 | 0.38% |
| Fidelity Brokerage Services LLC | $0 | 0.17% |
NULC Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $41.0M | 53.85% |
| J.P. Morgan Securities LLC | $25.7M | 33.79% |
| ABN Amro Securities (USA) LLC | $7.1M | 9.39% |
| Virtu Americas LLC | $2.0M | 2.57% |
| Goldman Sachs & Co. LLC | $220K | 0.29% |
| UBS Securities LLC | $43K | 0.06% |
| Jefferies LLC | $22K | 0.03% |
| Instinet, LLC | $9K | 0.01% |
| Piper Sandler & Co. | $2K | 0.00% |
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.