NBSD Fees and Costs — Neuberger Berman Short Duration Income ETF
Data updated: 2026-10-05
The net expense ratio is 0.35%: a 0.26% management fee plus 0.16% other expenses, less a 0.07% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $7K in broker commissions, 0.0026% of average net assets, and portfolio turnover was 49%.
NBSD Fees and Expenses
Annual operating expenses and sales charges of NBSD. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.26% |
| 12b-1 fee | — |
| Other expenses | 0.16% |
| Gross expense ratio | 0.42% |
| Fee waiver | −0.07% |
| Net expense ratio | 0.35% |
| 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 |
NBSD Costs Over Time
On $10,000 invested in NBSD, assuming 5% a year before costs, total costs come to $223 over 5 years, cutting the return by 0.37% 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 0.35%) | $37 | $115 | $202 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $6 | $20 |
| Total costs | $37 | $122 | $223 |
| Value after costs | $10,463 | $11,454 | $12,539 |
| Impact on return, per year | 0.37% | 0.37% | 0.37% |
NBSD Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0026%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $1.0B
- Portfolio turnover (prospectus): 49%
- Securities lending: none during the year
NBSD Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $7K | 100.00% |
NBSD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $439.6M | 49.96% |
| BofA Securities, Inc. | $91.0M | 10.34% |
| J.P. Morgan Securities LLC | $69.4M | 7.89% |
| Morgan Stanley & Co. LLC | $63.1M | 7.17% |
| Wells Fargo Securities, LLC | $48.5M | 5.51% |
| BNY Capital Markets, LLC | $45.2M | 5.14% |
| Goldman Sachs & Co. LLC | $38.4M | 4.37% |
| Citigroup Global Markets Inc. | $30.8M | 3.50% |
| Mizuho Securities USA LLC | $27.4M | 3.12% |
| BNP Paribas Securities Corp. | $26.4M | 3.00% |
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.