C000152771 Fees and Costs — Neuberger Berman Multi-Asset Income Fund, Institutional Class
Data updated: 2020-03-30
The net expense ratio is 0.70% (2.69% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $5K in broker commissions, 0.0218% of average net assets, and portfolio turnover was 74%.
C000152771 Fees and Expenses
Annual operating expenses and sales charges of C000152771. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 2.69% |
| Fee waiver | −1.99% |
| Net expense ratio | 0.70% |
| 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 |
C000152771 Costs Over Time
On $10,000 invested in C000152771, assuming 5% a year before costs, total costs come to $454 over 5 years, cutting the return by 0.76% 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 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $76 | $249 | $454 |
| Value after costs | $10,424 | $11,327 | $12,309 |
| Impact on return, per year | 0.76% | 0.76% | 0.76% |
C000152771 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): 0.0218%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $116.6M
- Portfolio turnover (prospectus): 74%
- Securities lending: none during the year
C000152771 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Itg LLC | $1K | 30.46% |
| BofA Securities, Inc. | $1K | 26.16% |
| J.P. Morgan Securities LLC | $606 | 13.59% |
| Morgan Stanley & Co. LLC | $331 | 7.42% |
| National Financial Services LLC | $303 | 6.80% |
| Jefferies LLC | $246 | 5.51% |
| UBS Securities LLC | $166 | 3.72% |
| STIFEL NICOLAUS & CO INC. | $115 | 2.58% |
| Raymond James Financial, Inc. | $94 | 2.11% |
| Goldman Sachs & Co. LLC | $73 | 1.65% |
C000152771 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $29.6M | 26.70% |
| BofA Securities, Inc. | $19.2M | 17.30% |
| Wells Fargo Securities, LLC | $18.8M | 16.98% |
| J.P. Morgan Securities LLC | $12.3M | 11.06% |
| Citigroup Global Markets Inc. | $10.1M | 9.14% |
| Nomura Securities International, Inc. | $8.1M | 7.33% |
| BNP Paribas Securities Corp. | $5.5M | 4.93% |
| Morgan Stanley & Co. LLC | $3.6M | 3.21% |
| UBS Securities LLC | $1.9M | 1.73% |
| Goldman Sachs & Co. LLC | $1.8M | 1.63% |
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.