C000108847 Fees and Costs — Neuberger Berman Commodity Strategy Fund, Class A
Data updated: 2022-11-10
The net expense ratio is 1.10%: a 0.76% management fee, a 0.25% 12b-1 fee plus 0.36% other expenses, less a 0.27% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2022 the fund paid $23K in broker commissions, 0.0107% of average net assets, and portfolio turnover was 56%.
C000108847 Fees and Expenses
Annual operating expenses and sales charges of C000108847. Prospectus, as of October 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.76% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.36% |
| Gross expense ratio | 1.37% |
| Fee waiver | −0.27% |
| Net expense ratio | 1.10% |
| 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 | Yes |
C000108847 Costs Over Time
On $10,000 invested in C000108847, assuming 5% a year before costs, total costs come to $1,387 over 5 years, cutting the return by 2.39% 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 1.10%) | $109 | $339 | $588 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $29 | $108 | $219 |
| Total costs | $714 | $1,025 | $1,387 |
| Value after costs | $9,786 | $10,551 | $11,376 |
| Impact on return, per year | 7.14% | 3.20% | 2.39% |
C000108847 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0107%
- Total broker commissions: $23K
- Bought from dealers (principal trades, not a cost): $1.3B
- Portfolio turnover (prospectus): 56%
- Securities lending: none during the year
C000108847 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $23K | 100.00% |
C000108847 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $939.3M | 76.15% |
| Goldman Sachs & Co. LLC | $90.8M | 7.36% |
| Mizuho Securities USA LLC | $52.9M | 4.29% |
| J.P. Morgan Securities LLC | $50.6M | 4.10% |
| BofA Securities, Inc. | $25.6M | 2.07% |
| Wells Fargo Securities, LLC | $21.1M | 1.71% |
| RBC Capital Markets, LLC | $20.9M | 1.69% |
| Barclays Capital Inc. | $14.7M | 1.19% |
| Morgan Stanley & Co. LLC | $11.0M | 0.89% |
| MarketAxess Corporation | $6.7M | 0.54% |
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.