TLRSX Fees and Costs — Nuveen Life Real Estate Securities Select Fund
Data updated: 2026-08-27
The net expense ratio is 0.57%: a 0.50% management fee plus 0.18% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $14K in broker commissions, 0.0221% of average net assets, and portfolio turnover was 29%.
TLRSX Fees and Expenses
Annual operating expenses and sales charges of TLRSX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.18% |
| Gross expense ratio | 0.68% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.57% |
| 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 |
TLRSX Costs Over Time
On $10,000 invested in TLRSX, assuming 5% a year before costs, total costs come to $373 over 5 years, cutting the return by 0.62% 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 0.57%) | $60 | $188 | $327 |
| Trading costs (broker commissions) | $2 | $7 | $13 |
| Lost growth on money paid in costs | $0 | $10 | $34 |
| Total costs | $62 | $204 | $373 |
| Value after costs | $10,438 | $11,372 | $12,389 |
| Impact on return, per year | 0.62% | 0.62% | 0.62% |
TLRSX 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): 0.0221%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $186.6M
- Portfolio turnover (prospectus): 29%
- Securities lending: none during the year
TLRSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $3K | 26.69% |
| Fidelity Capital Markets | $2K | 21.65% |
| Bank of America | $2K | 17.27% |
| Wells Fargo Securities, LLC | $1K | 10.03% |
| Cantor Fitzgerald & Co. | $828 | 7.64% |
| Barclays Capital Inc. | $411 | 3.79% |
| KEYBANC CAPITAL MARKETS INC. | $375 | 3.46% |
| J.P. Morgan Securities LLC | $353 | 3.26% |
| COWEN AND COMPANY, LLC | $341 | 3.15% |
| Sanford C. Bernstein and Co | $332 | 3.06% |
TLRSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust | $102.1M | 59.37% |
| BNY Mellon Capital Markets, LLC | $32.7M | 19.02% |
| Barclays Capital Inc. | $9.4M | 5.45% |
| National Financial Services LLC | $9.3M | 5.41% |
| Jefferies LLC | $6.5M | 3.75% |
| UBS Securities LLC | $3.0M | 1.72% |
| Cantor Fitzgerald & Co. | $2.8M | 1.61% |
| RBC Capital Markets, LLC | $2.6M | 1.52% |
| Instinet, LLC | $2.0M | 1.17% |
| Morgan Stanley & Co. LLC | $1.7M | 0.98% |
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.