NBCC Fees and Costs — Neuberger Berman Next Generation Connected Consumer ETF
Data updated: 2025-07-28
The net expense ratio is 0.55% (0.65% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $2K in broker commissions, 0.0405% of average net assets, and portfolio turnover was 34%.
NBCC Fees and Expenses
Annual operating expenses and sales charges of NBCC. Prospectus, as of November 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.65% |
| Fee waiver | −0.10% |
| Net expense ratio | 0.55% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
NBCC Costs Over Time
On $10,000 invested in NBCC, assuming 5% a year before costs, total costs come to $372 over 5 years, cutting the return by 0.62% 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 0.55%) | $58 | $181 | $315 |
| Trading costs (broker commissions) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $0 | $10 | $34 |
| Total costs | $62 | $204 | $372 |
| Value after costs | $10,438 | $11,372 | $12,390 |
| Impact on return, per year | 0.62% | 0.62% | 0.62% |
NBCC Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0405%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $784K
- Portfolio turnover (prospectus): 34%
- Securities on loan, average value: $178K
- Net income from securities lending: $1K (0.025% of average net assets)
NBCC Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $457 | 23.00% |
| BofA Securities, Inc. | $314 | 15.81% |
| Robert W. Baird & Co. Incorporated | $300 | 15.10% |
| J.P. Morgan Securities LLC | $228 | 11.47% |
| Cowen and Company, LLC | $170 | 8.57% |
| Raymond James & Associates, Inc. | $134 | 6.76% |
| BNY Capital Markets, LLC | $105 | 5.30% |
| Morgan Stanley & Co. LLC | $103 | 5.16% |
| BMO Capital Markets Corp. | $96 | 4.81% |
| Citigroup Global Markets Inc. | $80 | 4.02% |
NBCC Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $784K | 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.