C000129334 Fees and Costs — Neuberger Berman Greater China Equity Fund, Institutional Class
Data updated: 2023-11-07
The net expense ratio is 1.51%: a 1.25% management fee plus 0.66% other expenses, less a 0.40% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $28K in broker commissions, 0.1541% of average net assets, and portfolio turnover was 53%.
C000129334 Fees and Expenses
Annual operating expenses and sales charges of C000129334. Prospectus, as of December 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.66% |
| Gross expense ratio | 1.91% |
| Fee waiver | −0.40% |
| Net expense ratio | 1.51% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
C000129334 Costs Over Time
On $10,000 invested in C000129334, assuming 5% a year before costs, total costs come to $1,027 over 5 years, cutting the return by 1.75% 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 1.51%) | $159 | $491 | $846 |
| Trading costs (broker commissions) | $16 | $50 | $86 |
| Lost growth on money paid in costs | $0 | $27 | $95 |
| Total costs | $175 | $568 | $1,027 |
| Value after costs | $10,325 | $11,008 | $11,736 |
| Impact on return, per year | 1.75% | 1.75% | 1.75% |
C000129334 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
C000129334 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% |
C000129334 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.