NUSC Fees and Costs — Nuveen ESG Small-Cap 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 $215K in broker commissions, 0.0181% of average net assets, and portfolio turnover was 56%.
NUSC Fees and Expenses
Annual operating expenses and sales charges of NUSC. 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 |
NUSC Costs Over Time
On $10,000 invested in NUSC, assuming 5% a year before costs, total costs come to $208 over 5 years, cutting the return by 0.34% 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) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $5 | $19 |
| Total costs | $34 | $114 | $208 |
| Value after costs | $10,466 | $11,463 | $12,555 |
| Impact on return, per year | 0.34% | 0.34% | 0.34% |
NUSC 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): 0.0181%
- Total broker commissions: $215K
- Bought from dealers (principal trades, not a cost): $1.1B
- Portfolio turnover (prospectus): 56%
- Securities on loan, average value: $7.5M
- Net income from securities lending: $194K (0.016% of average net assets)
NUSC Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citadel Securities LLC | $198K | 91.99% |
| Instinet, LLC | $8K | 3.54% |
| Jefferies LLC | $4K | 1.95% |
| Guzman & Company | $2K | 0.77% |
| Loop Capital Markets LLC | $2K | 0.72% |
| Cabrera Capital Markets LLC | $2K | 0.71% |
| Piper Sandler & Co. | $260 | 0.12% |
| Liquidnet, Inc. | $206 | 0.10% |
| UBS Securities LLC | $149 | 0.07% |
| RBC Capital Markets, LLC | $80 | 0.04% |
NUSC Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $988.9M | 91.94% |
| RBC Capital Markets, LLC | $35.6M | 3.31% |
| Goldman Sachs & Co. LLC | $29.2M | 2.71% |
| J.P. Morgan Securities LLC | $11.8M | 1.10% |
| Virtu Americas LLC | $6.3M | 0.59% |
| Morgan Stanley & Co. LLC | $3.9M | 0.36% |
| Instinet, LLC | $77 | 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.