NWAIX Fees and Costs — Nuveen International Small Cap Fund, Class A
Data updated: 2025-03-26
The net expense ratio is 1.20%: a 0.86% management fee, a 0.25% 12b-1 fee plus 0.57% other expenses, less a 0.48% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2024 the fund paid $87K in broker commissions, 0.1403% of average net assets, and portfolio turnover was 46%.
NWAIX Fees and Expenses
Annual operating expenses and sales charges of NWAIX. Prospectus, as of November 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.86% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.57% |
| Gross expense ratio | 1.68% |
| Fee waiver | −0.48% |
| Net expense ratio | 1.20% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
NWAIX Costs Over Time
On $10,000 invested in NWAIX, assuming 5% a year before costs, total costs come to $1,519 over 5 years, cutting the return by 2.63% 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 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.20%) | $119 | $369 | $638 |
| Trading costs (broker commissions) | $14 | $43 | $75 |
| Lost growth on money paid in costs | $29 | $111 | $231 |
| Total costs | $736 | $1,098 | $1,519 |
| Value after costs | $9,764 | $10,478 | $11,244 |
| Impact on return, per year | 7.36% | 3.43% | 2.63% |
NWAIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.1403%
- Total broker commissions: $87K
- Bought from dealers (principal trades, not a cost): $72.4M
- Portfolio turnover (prospectus): 46%
- Securities on loan, average value: $1.1M
- Net income from securities lending: $9K (0.015% of average net assets)
NWAIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup | $16K | 21.79% |
| Goldman Sachs & Co. LLC | $13K | 17.72% |
| Morgan Stanley | $9K | 12.38% |
| Merrill Lynch & Co. Inc. | $7K | 9.82% |
| Jefferies LLC | $7K | 9.30% |
| RBC Capital Markets, LLC | $6K | 7.60% |
| JPMorgan Securities LLC | $5K | 7.12% |
| Instinet LLC | $4K | 5.38% |
| UBS Financial Services Inc. | $4K | 5.07% |
| Barclays Capital Inc. | $3K | 3.82% |
NWAIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup | $13.8M | 21.85% |
| Goldman Sachs & Co. LLC | $11.0M | 17.46% |
| Morgan Stanley | $9.0M | 14.25% |
| UBS Financial Services Inc. | $8.1M | 12.85% |
| JPMorgan Securities LLC | $7.5M | 11.94% |
| Merrill Lynch & Co. Inc. | $4.8M | 7.54% |
| Jefferies LLC | $3.4M | 5.40% |
| RBC Capital Markets, LLC | $3.0M | 4.67% |
| CLSA AMERICAS, LLC | $1.3M | 2.08% |
| Cowen and Company | $1.2M | 1.95% |
Nuveen International Small Cap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| NWIFX | Class R6 | 0.82% | none |
| NWPIX | Class I | 0.95% | none |
| NWAIX | Class A | 1.20% | 5.75% |
| NWSCX | Class C | 1.95% | none |
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.