NBGR Fees and Costs — Neuberger Berman Global Real Estate ETF
Data updated: 2025-01-28
The net expense ratio is 0.74%: a 0.69% management fee plus 5.60% other expenses, less a 5.55% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $4K in broker commissions, 0.0796% of average net assets, and portfolio turnover was 58%.
NBGR Fees and Expenses
Annual operating expenses and sales charges of NBGR. Prospectus, as of November 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.69% |
| 12b-1 fee | — |
| Other expenses | 5.60% |
| Gross expense ratio | 6.29% |
| Fee waiver | −5.55% |
| Net expense ratio | 0.74% |
| 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 |
NBGR Costs Over Time
On $10,000 invested in NBGR, assuming 5% a year before costs, total costs come to $515 over 5 years, cutting the return by 0.86% 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 0.74%) | $78 | $243 | $422 |
| Trading costs (broker commissions) | $8 | $26 | $45 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $86 | $282 | $515 |
| Value after costs | $10,414 | $11,294 | $12,248 |
| Impact on return, per year | 0.86% | 0.86% | 0.86% |
NBGR 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): 0.0796%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $6.3M
- Portfolio turnover (prospectus): 58%
- Securities lending: none during the year
NBGR Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $823 | 22.54% |
| BNP Paribas Securities Corp. | $696 | 19.07% |
| BofA Securities, Inc. | $654 | 17.93% |
| Stifel, Nicolaus & Company, Incorporated | $390 | 10.70% |
| Nomura Securities International, Inc. | $350 | 9.58% |
| UBS Securities LLC | $301 | 8.26% |
| Goldman Sachs & Co. LLC | $159 | 4.36% |
| BNY Capital Markets, LLC | $100 | 2.74% |
| Morgan Stanley & Co. LLC | $91 | 2.49% |
| J.P. Morgan Securities LLC | $85 | 2.34% |
NBGR Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $2.9M | 45.11% |
| State Street Bank and Trust Company | $2.8M | 44.50% |
| J.P. Morgan Securities LLC | $611K | 9.65% |
| BofA Securities, Inc. | $47K | 0.74% |
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.