NBJP Fees and Costs — Neuberger Berman Japan Equity ETF
Data updated: 2026-07-27
The net expense ratio is 0.50%: a 0.69% management fee plus 1.23% other expenses, less a 1.42% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $12K in broker commissions, 0.0543% of average net assets, and portfolio turnover was 59%.
NBJP Fees and Expenses
Annual operating expenses and sales charges of NBJP. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.69% |
| 12b-1 fee | — |
| Other expenses | 1.23% |
| Gross expense ratio | 1.92% |
| Fee waiver | −1.42% |
| Net expense ratio | 0.50% |
| 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 |
NBJP Costs Over Time
On $10,000 invested in NBJP, assuming 5% a year before costs, total costs come to $350 over 5 years, cutting the return by 0.58% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $6 | $18 | $31 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $58 | $191 | $350 |
| Value after costs | $10,442 | $11,385 | $12,413 |
| Impact on return, per year | 0.58% | 0.58% | 0.58% |
NBJP 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): 0.0543%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): $54.8M
- Portfolio turnover (prospectus): 59%
- Securities lending: none during the year
NBJP Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $3K | 24.73% |
| Daiwa Capital Markets America Inc. | $2K | 13.73% |
| BofA Securities, Inc. | $2K | 13.63% |
| UBS Securities LLC | $1K | 10.65% |
| SMBC Nikko Securities America, Inc. | $1K | 9.37% |
| Jefferies LLC | $817 | 7.20% |
| Goldman Sachs & Co. LLC | $807 | 7.11% |
| Morgan Stanley & Co. LLC | $537 | 4.73% |
| J.P. Morgan Securities LLC | $521 | 4.59% |
| Mizuho Securities USA LLC | $483 | 4.26% |
NBJP Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jane Street Capital, LLC | $24.9M | 45.51% |
| State Street Bank and Trust Company | $24.8M | 45.30% |
| J.P. Morgan Securities LLC | $4.5M | 8.29% |
| Daiwa Capital Markets America Inc. | $418K | 0.76% |
| Goldman Sachs & Co. LLC | $55K | 0.10% |
| Mizuho Securities USA LLC | $22K | 0.04% |
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.