C000136675 Fees and Costs — Neuberger Berman Unconstrained Bond Fund, Class A
Data updated: 2020-09-25
The net expense ratio is 1.04%: a 0.72% management fee, a 0.25% 12b-1 fee plus 0.74% other expenses, less a 0.67% fee waiver. This share class carries a maximum front-end sales load of 4.25%. In fiscal 2019 the fund paid $271 in broker commissions, 0.0003% of average net assets, and portfolio turnover was 61%.
C000136675 Fees and Expenses
Annual operating expenses and sales charges of C000136675. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.72% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.74% |
| Gross expense ratio | 1.71% |
| Fee waiver | −0.67% |
| Net expense ratio | 1.04% |
| 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 |
C000136675 Costs Over Time
On $10,000 invested in C000136675, assuming 5% a year before costs, total costs come to $1,165 over 5 years, cutting the return by 1.99% 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 1.04%) | $105 | $326 | $565 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $21 | $83 | $175 |
| Total costs | $551 | $834 | $1,165 |
| Value after costs | $9,949 | $10,742 | $11,598 |
| Impact on return, per year | 5.51% | 2.59% | 1.99% |
C000136675 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): 0.0003%
- Total broker commissions: $271
- Bought from dealers (principal trades, not a cost): $307.7M
- Portfolio turnover (prospectus): 61%
- Securities lending: none during the year
C000136675 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $271 | 100.00% |
C000136675 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $120.1M | 47.26% |
| Nomura Securities International, Inc. | $25.6M | 10.07% |
| Citigroup Global Markets Inc. | $24.3M | 9.55% |
| Wells Fargo Securities, LLC | $17.7M | 6.95% |
| TD Securities (USA) LLC | $13.0M | 5.11% |
| Morgan Stanley & Co. LLC | $12.0M | 4.71% |
| Goldman Sachs & Co. LLC | $11.9M | 4.67% |
| Deutsche Bank Securities Inc. | $11.8M | 4.66% |
| BNP Paribas Securities Corp. | $9.4M | 3.68% |
| J.P. Morgan Securities LLC | $8.5M | 3.32% |
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.