NBHAX Fees and Costs — Neuberger Berman Equity Income Fund, Class A
Data updated: 2026-07-27
The net expense ratio is 1.09%: a 0.77% management fee, a 0.25% 12b-1 fee plus 0.07% other expenses. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2025 the fund paid $455K in broker commissions, 0.0483% of average net assets, and portfolio turnover was 31%.
NBHAX Fees and Expenses
Annual operating expenses and sales charges of NBHAX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.77% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.07% |
| Gross expense ratio | 1.09% |
| Fee waiver | — |
| Net expense ratio | 1.09% |
| 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 |
NBHAX Costs Over Time
On $10,000 invested in NBHAX, assuming 5% a year before costs, total costs come to $1,403 over 5 years, cutting the return by 2.42% 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 1.09%) | $108 | $336 | $582 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $29 | $108 | $220 |
| Total costs | $716 | $1,034 | $1,403 |
| Value after costs | $9,784 | $10,542 | $11,360 |
| Impact on return, per year | 7.16% | 3.22% | 2.42% |
NBHAX 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): 0.0483%
- Total broker commissions: $455K
- Bought from dealers (principal trades, not a cost): $567.9M
- Portfolio turnover (prospectus): 31%
- Securities on loan, average value: $0
- Net income from securities lending: $4K (0.000% of average net assets)
NBHAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital Inc. | $55K | 17.03% |
| BofA Securities, Inc. | $48K | 14.83% |
| Jefferies LLC | $47K | 14.50% |
| Stifel, Nicolaus & Company, Incorporated | $45K | 13.73% |
| Wells Fargo Securities, LLC | $26K | 7.90% |
| Robert W. Baird & Co. Incorporated | $23K | 7.08% |
| Berenberg Capital Markets LLC | $22K | 6.70% |
| BNP Paribas Securities Corp. | $21K | 6.38% |
| National Financial Services LLC | $20K | 6.05% |
| Raymond James & Associates, Inc. | $19K | 5.80% |
NBHAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $549.2M | 96.72% |
| National Financial Services LLC | $8.4M | 1.49% |
| Oppenheimer & Co. Inc. | $7.6M | 1.34% |
| Virtu Americas LLC | $1.7M | 0.30% |
| BofA Securities, Inc. | $895K | 0.16% |
Neuberger Berman Equity Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| NBHEX | Class E | 0.06% | — |
| NBHIX | Institutional Class | 0.72% | none |
| NBHAX | Class A | 1.09% | 5.75% |
| NBHRX | Class R3 | 1.37% | — |
| NBHCX | Class C | 1.84% | none |
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.