NUMV Fees and Costs — Nuveen ESG Mid-Cap Value ETF
Data updated: 2026-09-25
The net expense ratio is 0.31%: a 0.30% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $32K in broker commissions, 0.0086% of average net assets, and portfolio turnover was 63%.
NUMV Fees and Expenses
Annual operating expenses and sales charges of NUMV. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.31% |
| Fee waiver | — |
| Net expense ratio | 0.31% |
| 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 |
NUMV Costs Over Time
On $10,000 invested in NUMV, assuming 5% a year before costs, total costs come to $202 over 5 years, cutting the return by 0.33% 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 0.31%) | $33 | $102 | $179 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $5 | $18 |
| Total costs | $33 | $110 | $202 |
| Value after costs | $10,467 | $11,466 | $12,561 |
| Impact on return, per year | 0.33% | 0.33% | 0.33% |
NUMV 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): 0.0086%
- Total broker commissions: $32K
- Bought from dealers (principal trades, not a cost): $398.9M
- Portfolio turnover (prospectus): 63%
- Securities on loan, average value: $482K
- Net income from securities lending: $1K (0.000% of average net assets)
NUMV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citadel Securities LLC | $28K | 86.50% |
| UBS Securities LLC | $2K | 7.57% |
| Jefferies LLC | $565 | 1.76% |
| Guzman & Company | $348 | 1.09% |
| Loop Capital Markets LLC | $340 | 1.06% |
| Cabrera Capital Markets LLC | $336 | 1.05% |
| Instinet, LLC | $162 | 0.50% |
| Piper Sandler & Co. | $63 | 0.20% |
| Liquidnet, Inc. | $55 | 0.17% |
| RBC Capital Markets, LLC | $28 | 0.09% |
NUMV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $375.7M | 94.18% |
| Virtu Americas LLC | $21.5M | 5.40% |
| Goldman Sachs & Co. LLC | $1.7M | 0.42% |
| J.P. Morgan Securities LLC | $47 | 0.00% |
| Instinet, LLC | $46 | 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.