C000199227 Fees and Costs — Neuberger Berman Multi-Style Premia Fund, Class A
Data updated: 2020-03-30
The net expense ratio is 1.35% (5.28% before fee waivers). This share class carries a maximum front-end sales load of 5.75%. In fiscal 2019 the fund paid $6K in broker commissions, 0.0367% of average net assets, and portfolio turnover was 103%.
C000199227 Fees and Expenses
Annual operating expenses and sales charges of C000199227. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.91% |
| 12b-1 fee | 0.25% |
| Other expenses | 4.08% |
| Gross expense ratio | 5.28% |
| Fee waiver | −3.93% |
| Net expense ratio | 1.35% |
| 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 |
C000199227 Costs Over Time
On $10,000 invested in C000199227, assuming 5% a year before costs, total costs come to $1,545 over 5 years, cutting the return by 2.68% 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 1.35%) | $134 | $415 | $717 |
| Trading costs (broker commissions) | $4 | $11 | $19 |
| Lost growth on money paid in costs | $29 | $112 | $234 |
| Total costs | $741 | $1,113 | $1,545 |
| Value after costs | $9,759 | $10,463 | $11,218 |
| Impact on return, per year | 7.41% | 3.48% | 2.68% |
C000199227 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): 0.0367%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $36.6M
- Portfolio turnover (prospectus): 103%
- Securities lending: none during the year
C000199227 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $6K | 100.00% |
C000199227 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $36.6M | 100.00% |
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.