C000129332 Fees and Costs — Neuberger Berman Greater China Equity Fund, Class A
Data updated: 2023-11-07
The net expense ratio is 1.87%: a 1.36% management fee, a 0.25% 12b-1 fee plus 0.80% other expenses, less a 0.54% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2023 the fund paid $28K in broker commissions, 0.1541% of average net assets, and portfolio turnover was 53%.
C000129332 Fees and Expenses
Annual operating expenses and sales charges of C000129332. Prospectus, as of December 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 1.36% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.80% |
| Gross expense ratio | 2.41% |
| Fee waiver | −0.54% |
| Net expense ratio | 1.87% |
| 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 |
C000129332 Costs Over Time
On $10,000 invested in C000129332, assuming 5% a year before costs, total costs come to $1,903 over 5 years, cutting the return by 3.34% 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 1.87%) | $185 | $571 | $980 |
| Trading costs (broker commissions) | $15 | $47 | $81 |
| Lost growth on money paid in costs | $29 | $121 | $267 |
| Total costs | $804 | $1,315 | $1,903 |
| Value after costs | $9,696 | $10,261 | $10,860 |
| Impact on return, per year | 8.04% | 4.14% | 3.34% |
C000129332 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.1541%
- Total broker commissions: $28K
- Bought from dealers (principal trades, not a cost): $50.8M
- Portfolio turnover (prospectus): 53%
- Securities lending: none during the year
C000129332 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| HSBC Securities (USA) Inc. | $8K | 30.51% |
| Huatai Financial Holdings (Hong Kong) Limited | $6K | 20.76% |
| UBS Securities LLC | $3K | 9.70% |
| J.P. Morgan Securities LLC | $2K | 8.65% |
| Citigroup Global Markets Inc. | $2K | 7.90% |
| BofA Securities, Inc. | $2K | 7.82% |
| Goldman Sachs & Co. LLC | $1K | 5.37% |
| CLSA Americas, LLC | $1K | 3.92% |
| Morgan Stanley & Co. LLC | $767 | 2.80% |
| Haitong International Securities (USA) Inc. | $707 | 2.58% |
C000129332 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $50.8M | 99.97% |
| UBS Securities LLC | $16K | 0.03% |
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.