NBIIX Fees and Costs — Neuberger Berman International Equity Fund, Institutional Class
Data updated: 2026-07-27
The net expense ratio is 0.85%: a 0.96% management fee plus 0.07% other expenses, less a 0.18% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.3M in broker commissions, 0.1225% of average net assets, and portfolio turnover was 61%.
NBIIX Fees and Expenses
Annual operating expenses and sales charges of NBIIX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.96% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 1.03% |
| Fee waiver | −0.18% |
| Net expense ratio | 0.85% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
NBIIX Costs Over Time
On $10,000 invested in NBIIX, assuming 5% a year before costs, total costs come to $609 over 5 years, cutting the return by 1.02% 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 0.85%) | $89 | $279 | $483 |
| Trading costs (broker commissions) | $13 | $40 | $70 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $102 | $334 | $609 |
| Value after costs | $10,398 | $11,242 | $12,154 |
| Impact on return, per year | 1.02% | 1.02% | 1.02% |
NBIIX 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): 0.1225%
- Total broker commissions: $1.3M
- Bought from dealers (principal trades, not a cost): $651.1M
- Portfolio turnover (prospectus): 61%
- Securities on loan, average value: $23.7M
- Net income from securities lending: $86K (0.008% of average net assets)
NBIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $183K | 17.35% |
| BofA Securities, Inc. | $169K | 15.99% |
| Citigroup Global Markets Inc. | $148K | 14.08% |
| BNP Paribas Securities Corp. | $113K | 10.77% |
| Jefferies LLC | $108K | 10.20% |
| Barclays Capital Inc. | $91K | 8.65% |
| UBS Securities LLC | $85K | 8.06% |
| Berenberg Capital Markets LLC | $70K | 6.63% |
| Goldman Sachs & Co. LLC | $46K | 4.35% |
| Morgan Stanley & Co. LLC | $41K | 3.93% |
NBIIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $646.4M | 99.27% |
| BofA Securities, Inc. | $4.8M | 0.73% |
Neuberger Berman International Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| NIQEX | Class E | 0.07% | — |
| NRIQX | Class R6 | 0.75% | — |
| NBIIX | Institutional Class | 0.85% | none |
| NIQAX | Class A | 1.21% | 5.75% |
| NIQVX | Investor Class | 1.22% | — |
| NIQTX | Trust Class | 1.28% | — |
| NIQCX | Class C | 1.96% | 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.