NBCR Fees and Costs — Neuberger Berman Core Equity ETF
Data updated: 2026-07-27
The net expense ratio is 0.29%: a 0.39% management fee plus 0.13% other expenses, less a 0.23% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $74K in broker commissions, 0.0266% of average net assets, and portfolio turnover was 44%.
NBCR Fees and Expenses
Annual operating expenses and sales charges of NBCR. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | — |
| Other expenses | 0.13% |
| Gross expense ratio | 0.52% |
| Fee waiver | −0.23% |
| Net expense ratio | 0.29% |
| 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 | Yes |
NBCR Costs Over Time
On $10,000 invested in NBCR, assuming 5% a year before costs, total costs come to $201 over 5 years, cutting the return by 0.33% 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 0.29%) | $30 | $96 | $167 |
| Trading costs (broker commissions) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $0 | $5 | $18 |
| Total costs | $33 | $110 | $201 |
| Value after costs | $10,467 | $11,467 | $12,562 |
| Impact on return, per year | 0.33% | 0.33% | 0.33% |
NBCR Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0266%
- Total broker commissions: $74K
- Bought from dealers (principal trades, not a cost): $161.9M
- Portfolio turnover (prospectus): 44%
- Securities lending: none during the year
NBCR Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| National Financial Services LLC | $10K | 17.22% |
| Jefferies LLC | $10K | 16.83% |
| Barclays Capital Inc. | $8K | 13.28% |
| BofA Securities, Inc. | $8K | 13.04% |
| BMO Capital Markets Corp. | $5K | 7.77% |
| Stifel, Nicolaus & Company, Incorporated | $4K | 7.50% |
| Morgan Stanley & Co. LLC | $4K | 6.47% |
| Wells Fargo Securities, LLC | $4K | 6.16% |
| Raymond James & Associates, Inc. | $3K | 5.94% |
| BNY Capital Markets, LLC | $3K | 5.78% |
NBCR Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corporation | $137.4M | 84.82% |
| State Street Bank and Trust Company | $22.8M | 14.10% |
| National Financial Services LLC | $1.7M | 1.08% |
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.