C000150124 Fees and Costs — Neuberger Berman Global Real Estate Fund, Class A
Data updated: 2023-11-07
The net expense ratio is 1.37%: a 1.06% management fee, a 0.25% 12b-1 fee plus 7.27% other expenses, less a 7.21% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2023 the fund paid $9K in broker commissions, 0.2250% of average net assets, and portfolio turnover was 78%.
C000150124 Fees and Expenses
Annual operating expenses and sales charges of C000150124. Prospectus, as of December 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 1.06% |
| 12b-1 fee | 0.25% |
| Other expenses | 7.27% |
| Gross expense ratio | 8.58% |
| Fee waiver | −7.21% |
| Net expense ratio | 1.37% |
| 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 |
C000150124 Costs Over Time
On $10,000 invested in C000150124, assuming 5% a year before costs, total costs come to $1,663 over 5 years, cutting the return by 2.89% 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 1.37%) | $136 | $420 | $725 |
| Trading costs (broker commissions) | $22 | $69 | $119 |
| Lost growth on money paid in costs | $29 | $115 | $245 |
| Total costs | $762 | $1,179 | $1,663 |
| Value after costs | $9,738 | $10,397 | $11,100 |
| Impact on return, per year | 7.62% | 3.69% | 2.89% |
C000150124 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): 0.2250%
- Total broker commissions: $9K
- Bought from dealers (principal trades, not a cost): $14.2M
- Portfolio turnover (prospectus): 78%
- Securities lending: none during the year
C000150124 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $3K | 35.02% |
| J.P. Morgan Securities LLC | $2K | 26.04% |
| Jefferies LLC | $643 | 7.62% |
| Goldman Sachs & Co. LLC | $627 | 7.42% |
| BofA Securities, Inc. | $598 | 7.08% |
| CLSA Americas, LLC | $382 | 4.53% |
| UBS Securities LLC | $311 | 3.68% |
| BNP Paribas Securities Corp. | $264 | 3.13% |
| HSBC Securities (USA) Inc. | $251 | 2.97% |
| RBC Capital Markets, LLC | $211 | 2.50% |
C000150124 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $14.2M | 99.75% |
| Morgan Stanley & Co. LLC | $36K | 0.25% |
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.