C000116152 Fees and Costs — Neuberger Berman Short Duration High Income Fund, Class C
Data updated: 2020-09-25
The net expense ratio is 1.88%: a 0.72% management fee, a 1.00% 12b-1 fee plus 0.81% other expenses, less a 0.65% fee waiver. This share class carries a deferred sales charge of up to 1.00%. Portfolio turnover was 64%.
C000116152 Fees and Expenses
Annual operating expenses and sales charges of C000116152. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.72% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.81% |
| Gross expense ratio | 2.53% |
| Fee waiver | −0.65% |
| Net expense ratio | 1.88% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000116152 Costs Over Time
On $10,000 invested in C000116152, assuming 5% a year before costs, total costs come to $1,155 over 5 years, cutting the return by 1.97% 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 | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.88%) | $197 | $610 | $1,049 |
| Lost growth on money paid in costs | $0 | $30 | $107 |
| Total costs | $300 | $641 | $1,155 |
| Value after costs | $10,200 | $10,936 | $11,607 |
| Impact on return, per year | 3.00% | 1.97% | 1.97% |
C000116152 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
C000116152 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.