NUMI Fees and Costs — Nuveen Municipal Income ETF
Data updated: 2026-08-27
The net expense ratio is 0.30%: a 0.29% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 81%.
NUMI Fees and Expenses
Annual operating expenses and sales charges of NUMI. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.29% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.30% |
| Fee waiver | — |
| Net expense ratio | 0.30% |
| 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 |
NUMI Costs Over Time
On $10,000 invested in NUMI, assuming 5% a year before costs, total costs come to $190 over 5 years, cutting the return by 0.31% 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 0.30%) | $32 | $99 | $173 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $32 | $104 | $190 |
| Value after costs | $10,468 | $11,472 | $12,573 |
| Impact on return, per year | 0.31% | 0.31% | 0.31% |
NUMI 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $119.3M
- Portfolio turnover (prospectus): 81%
- Securities lending: none during the year
NUMI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $53.1M | 49.32% |
| J.P. Morgan Securities LLC | $18.3M | 16.97% |
| Intercontinental Exchange, Inc. | $8.1M | 7.57% |
| Barclays Capital Inc. | $7.4M | 6.86% |
| BofA Securities, Inc. | $5.5M | 5.15% |
| Goldman Sachs & Co. LLC | $4.3M | 4.00% |
| Wells Fargo Securities, LLC | $3.1M | 2.86% |
| Piper Sandler & Co. | $3.0M | 2.77% |
| Jefferies LLC | $2.5M | 2.35% |
| RBC Capital Markets, LLC | $2.3M | 2.15% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.