TLEQX Fees and Costs — Nuveen Life Small Cap Equity Fund
Data updated: 2026-08-27
The net expense ratio is 0.53%: a 0.46% management fee plus 0.20% other expenses, less a 0.13% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $21K in broker commissions, 0.0313% of average net assets, and portfolio turnover was 75%.
TLEQX Fees and Expenses
Annual operating expenses and sales charges of TLEQX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.46% |
| 12b-1 fee | — |
| Other expenses | 0.20% |
| Gross expense ratio | 0.66% |
| Fee waiver | −0.13% |
| Net expense ratio | 0.53% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
TLEQX Costs Over Time
On $10,000 invested in TLEQX, assuming 5% a year before costs, total costs come to $354 over 5 years, cutting the return by 0.59% 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 0.53%) | $56 | $174 | $304 |
| Trading costs (broker commissions) | $3 | $10 | $18 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $59 | $194 | $354 |
| Value after costs | $10,441 | $11,382 | $12,409 |
| Impact on return, per year | 0.59% | 0.59% | 0.59% |
TLEQX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0313%
- Total broker commissions: $21K
- Bought from dealers (principal trades, not a cost): $343.3M
- Portfolio turnover (prospectus): 75%
- Securities on loan, average value: $1.1M
- Net income from securities lending: $21K (0.031% of average net assets)
TLEQX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $8K | 36.00% |
| Morgan Stanley & Co. LLC | $6K | 27.15% |
| Bank of America | $5K | 21.55% |
| Instinet, LLC | $742 | 3.52% |
| Jefferies LLC | $666 | 3.16% |
| LIQUIDNET, INC. | $595 | 2.82% |
| Piper Sandler & Co. | $494 | 2.35% |
| Goldman Sachs & Co. LLC | $362 | 1.72% |
| Guggenheim Securities, LLC | $230 | 1.09% |
| Cabrera Capital Markets LLC | $135 | 0.64% |
TLEQX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust | $170.8M | 50.63% |
| BNY Mellon Capital Markets, LLC | $53.4M | 15.84% |
| RBC Capital Markets, LLC | $34.2M | 10.15% |
| Bank of America | $28.7M | 8.52% |
| Morgan Stanley & Co. LLC | $26.4M | 7.83% |
| Barclays Capital Inc. | $8.2M | 2.42% |
| Instinet, LLC | $5.2M | 1.55% |
| Jefferies LLC | $3.8M | 1.11% |
| LIQUIDNET, INC. | $3.5M | 1.03% |
| Piper Jaffray & Co. | $3.1M | 0.93% |
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.