TLWCX Fees and Costs — Nuveen Social Choice Low Carbon Equity Fund, Class A
Data updated: 2025-01-14
The net expense ratio is 0.58%: a 0.25% management fee, a 0.25% 12b-1 fee plus 0.08% other expenses. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2024 the fund paid $22K in broker commissions, 0.0018% of average net assets, and portfolio turnover was 26%.
TLWCX Fees and Expenses
Annual operating expenses and sales charges of TLWCX. Prospectus, as of October 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.08% |
| Gross expense ratio | 0.58% |
| Fee waiver | — |
| Net expense ratio | 0.58% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
TLWCX Costs Over Time
On $10,000 invested in TLWCX, assuming 5% a year before costs, total costs come to $1,080 over 5 years, cutting the return by 1.84% 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 0.58%) | $57 | $180 | $313 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $29 | $100 | $190 |
| Total costs | $661 | $855 | $1,080 |
| Value after costs | $9,839 | $10,721 | $11,683 |
| Impact on return, per year | 6.61% | 2.65% | 1.84% |
TLWCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0018%
- Total broker commissions: $22K
- Bought from dealers (principal trades, not a cost): $2.7B
- Portfolio turnover (prospectus): 26%
- Securities on loan, average value: $1.8M
- Net income from securities lending: $45K (0.004% of average net assets)
TLWCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $13K | 59.13% |
| Goldman Sachs & Co. LLC | $4K | 16.63% |
| Guzman & Company | $2K | 7.64% |
| Cabrera Capital Markets LLC | $1K | 6.79% |
| Loop Capital Markets LLC | $1K | 6.69% |
| JEFFERIES LLC | $657 | 3.02% |
| Piper Jaffray & Co. | $18 | 0.08% |
| RBC Capital Markets, LLC | $5 | 0.02% |
TLWCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $1.8B | 69.87% |
| Bank of America | $227.1M | 8.64% |
| INSTINET, LLC | $186.1M | 7.09% |
| Morgan Stanley & Co. LLC | $93.2M | 3.55% |
| Guzman & Company | $64.3M | 2.45% |
| Pershing LLC | $60.7M | 2.31% |
| Cabrera Capital Markets, LLC | $52.4M | 2.00% |
| Loop Capital Markets LLC | $52.3M | 1.99% |
| Jefferies LLC | $33.0M | 1.26% |
| JP Morgan Securities LLC | $22.1M | 0.84% |
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.