C000150125 Fees and Costs — Neuberger Berman Global Real Estate Fund, Class C
Data updated: 2023-11-07
The net expense ratio is 2.12%: a 1.06% management fee, a 1.00% 12b-1 fee plus 7.16% other expenses, less a 7.10% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2023 the fund paid $9K in broker commissions, 0.2250% of average net assets, and portfolio turnover was 78%.
C000150125 Fees and Expenses
Annual operating expenses and sales charges of C000150125. Prospectus, as of December 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 1.06% |
| 12b-1 fee | 1.00% |
| Other expenses | 7.16% |
| Gross expense ratio | 9.22% |
| Fee waiver | −7.10% |
| Net expense ratio | 2.12% |
| 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 |
C000150125 Costs Over Time
On $10,000 invested in C000150125, assuming 5% a year before costs, total costs come to $1,428 over 5 years, cutting the return by 2.46% 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 2.12%) | $223 | $685 | $1,171 |
| Trading costs (broker commissions) | $24 | $73 | $124 |
| Lost growth on money paid in costs | $0 | $38 | $133 |
| Total costs | $349 | $795 | $1,428 |
| Value after costs | $10,151 | $10,781 | $11,335 |
| Impact on return, per year | 3.49% | 2.46% | 2.46% |
C000150125 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
C000150125 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% |
C000150125 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.