C000173312 Fees and Costs — Neuberger Berman U.S. Equity Index PutWrite Strategy Fund, Class A
Data updated: 2024-01-29
The net expense ratio is 1.02%: a 0.71% management fee, a 0.25% 12b-1 fee plus 0.13% other expenses, less a 0.07% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2023 the fund paid $33K in broker commissions, 0.0069% of average net assets, and portfolio turnover was 43%.
C000173312 Fees and Expenses
Annual operating expenses and sales charges of C000173312. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.71% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.13% |
| Gross expense ratio | 1.09% |
| Fee waiver | −0.07% |
| Net expense ratio | 1.02% |
| 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 |
C000173312 Costs Over Time
On $10,000 invested in C000173312, assuming 5% a year before costs, total costs come to $1,339 over 5 years, cutting the return by 2.30% 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 1.02%) | $101 | $315 | $546 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $29 | $106 | $214 |
| Total costs | $705 | $998 | $1,339 |
| Value after costs | $9,795 | $10,578 | $11,424 |
| Impact on return, per year | 7.05% | 3.11% | 2.30% |
C000173312 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0069%
- Total broker commissions: $33K
- Bought from dealers (principal trades, not a cost): $1.5B
- Portfolio turnover (prospectus): 43%
- Securities lending: none during the year
C000173312 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $33K | 100.00% |
C000173312 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.0B | 69.84% |
| BMO Capital Markets Corp. | $122.6M | 8.20% |
| Natwest Markets Securities Inc. | $84.1M | 5.63% |
| Wells Fargo Securities, LLC | $70.8M | 4.73% |
| J.P. Morgan Securities LLC | $55.2M | 3.69% |
| Goldman Sachs & Co. LLC | $54.4M | 3.64% |
| Morgan Stanley & Co. LLC | $44.6M | 2.98% |
| Citigroup Global Markets Inc. | $12.0M | 0.81% |
| Deutsche Bank Securities Inc. | $7.2M | 0.48% |
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.