TRRPX Fees and Costs — Nuveen Real Estate Securities Select Fund, Premier Class
Data updated: 2026-08-27
The net expense ratio is 0.65%: a 0.47% management fee, a 0.15% 12b-1 fee plus 0.03% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $577K in broker commissions, 0.0214% of average net assets, and portfolio turnover was 26%.
TRRPX Fees and Expenses
Annual operating expenses and sales charges of TRRPX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 0.15% |
| Other expenses | 0.03% |
| Gross expense ratio | 0.65% |
| Fee waiver | — |
| Net expense ratio | 0.65% |
| 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 | No |
| Waived fees subject to recoupment | No |
TRRPX Costs Over Time
On $10,000 invested in TRRPX, assuming 5% a year before costs, total costs come to $423 over 5 years, cutting the return by 0.70% 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 0.65%) | $68 | $214 | $372 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $70 | $232 | $423 |
| Value after costs | $10,430 | $11,345 | $12,340 |
| Impact on return, per year | 0.70% | 0.70% | 0.70% |
TRRPX 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): 0.0214%
- Total broker commissions: $577K
- Bought from dealers (principal trades, not a cost): $6.1B
- Portfolio turnover (prospectus): 26%
- Securities lending: none during the year
TRRPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $125K | 27.78% |
| Fidelity Capital Markets | $89K | 19.82% |
| Bank of America | $81K | 18.03% |
| Wells Fargo Securities, LLC | $42K | 9.41% |
| Cantor Fitzgerald & Co | $36K | 7.93% |
| Barclays Capital Inc. | $18K | 3.90% |
| KEYBANC CAPITAL MARKETS INC. | $16K | 3.47% |
| J.P. MORGAN SECURITIES LLC | $15K | 3.35% |
| Sanford C. Bernstein and Co | $14K | 3.18% |
| COWEN AND COMPANY, LLC | $14K | 3.13% |
TRRPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $3.6B | 66.20% |
| BNY Mellon Capital Markets, LLC | $723.3M | 13.21% |
| National Financial Services LLC | $382.9M | 6.99% |
| JEFFERIES LLC | $192.1M | 3.51% |
| Cantor Fitzgerald & Co | $123.3M | 2.25% |
| Bank of America | $101.9M | 1.86% |
| UBS Securities LLC | $95.9M | 1.75% |
| RBC CAPITAL MARKETS, LLC | $89.4M | 1.63% |
| INSTINET, LLC | $73.5M | 1.34% |
| Wells Fargo Securities, LLC | $69.1M | 1.26% |
Nuveen Real Estate Securities Select Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TIREX | Class R6 | 0.49% | none |
| TIRHX | Class I | 0.61% | none |
| TRRPX | Premier Class | 0.65% | none |
| TRRSX | Retirement Class | 0.74% | none |
| TCREX | Class A | 0.87% | 5.75% |
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.