NULV Fees and Costs — Nuveen ESG Large-Cap Value ETF
Data updated: 2026-09-25
The net expense ratio is 0.26%: a 0.25% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $89K in broker commissions, 0.0052% of average net assets, and portfolio turnover was 58%.
NULV Fees and Expenses
Annual operating expenses and sales charges of NULV. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.26% |
| Fee waiver | — |
| Net expense ratio | 0.26% |
| 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 |
NULV Costs Over Time
On $10,000 invested in NULV, assuming 5% a year before costs, total costs come to $168 over 5 years, cutting the return by 0.28% 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 0.26%) | $27 | $86 | $150 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $4 | $15 |
| Total costs | $28 | $92 | $168 |
| Value after costs | $10,472 | $11,484 | $12,594 |
| Impact on return, per year | 0.28% | 0.28% | 0.28% |
NULV 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): 0.0052%
- Total broker commissions: $89K
- Bought from dealers (principal trades, not a cost): $1.6B
- Portfolio turnover (prospectus): 58%
- Securities on loan, average value: $651K
- Net income from securities lending: $1K (0.000% of average net assets)
NULV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $84K | 95.17% |
| Guzman & Company | $876 | 0.99% |
| Loop Capital Markets LLC | $846 | 0.95% |
| Cabrera Capital Markets LLC | $784 | 0.88% |
| Instinet, LLC | $704 | 0.79% |
| Jefferies LLC | $688 | 0.78% |
| BMO Capital Markets Corp. | $299 | 0.34% |
| Liquidnet, Inc. | $34 | 0.04% |
| RBC Capital Markets, LLC | $29 | 0.03% |
| Fidelity Brokerage Services LLC | $21 | 0.02% |
NULV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $1.4B | 87.05% |
| BofA Securities, Inc. | $146.9M | 9.35% |
| Virtu Americas LLC | $32.5M | 2.07% |
| RBC Capital Markets, LLC | $24.0M | 1.53% |
| Jefferies LLC | $47 | 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.