C000116151 Fees and Costs — Neuberger Berman Short Duration High Income Fund, Class A
Data updated: 2020-09-25
The net expense ratio is 1.13%: a 0.72% management fee, a 0.25% 12b-1 fee plus 0.85% other expenses, less a 0.69% fee waiver. This share class carries a maximum front-end sales load of 4.25%. Portfolio turnover was 64%.
C000116151 Fees and Expenses
Annual operating expenses and sales charges of C000116151. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.72% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.85% |
| Gross expense ratio | 1.82% |
| Fee waiver | −0.69% |
| Net expense ratio | 1.13% |
| Sales charges | |
|---|---|
| Max front load | 4.25% |
| 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 |
C000116151 Costs Over Time
On $10,000 invested in C000116151, assuming 5% a year before costs, total costs come to $1,217 over 5 years, cutting the return by 2.08% 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 | $425 | $425 | $425 |
| Fund expenses (net expense ratio 1.13%) | $114 | $354 | $613 |
| Lost growth on money paid in costs | $21 | $85 | $179 |
| Total costs | $560 | $864 | $1,217 |
| Value after costs | $9,940 | $10,713 | $11,545 |
| Impact on return, per year | 5.60% | 2.68% | 2.08% |
C000116151 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $161.2M
- Portfolio turnover (prospectus): 64%
- Securities lending: none during the year
C000116151 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $56.9M | 39.93% |
| Pershing LLC | $19.4M | 13.64% |
| BofA Securities, Inc. | $11.2M | 7.86% |
| J.P. Morgan Securities LLC | $10.1M | 7.10% |
| Morgan Stanley & Co. LLC | $9.8M | 6.90% |
| Citigroup Global Markets Inc. | $9.6M | 6.72% |
| Barclays Capital Inc. | $8.7M | 6.12% |
| Goldman Sachs & Co. LLC | $6.1M | 4.30% |
| Deutsche Bank Securities Inc. | $5.4M | 3.82% |
| Wells Fargo Securities, LLC | $5.2M | 3.62% |
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.