NEQIX Fees and Costs — Neuberger Berman U.S. Equity Impact Fund, Institutional Class
Data updated: 2026-02-10
The net expense ratio is 0.91%: a 0.85% management fee plus 2.03% other expenses, less a 1.97% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1K in broker commissions, 0.0092% of average net assets, and portfolio turnover was 16%.
NEQIX Fees and Expenses
Annual operating expenses and sales charges of NEQIX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.03% |
| Gross expense ratio | 2.88% |
| Fee waiver | −1.97% |
| Net expense ratio | 0.91% |
| 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 |
NEQIX Costs Over Time
On $10,000 invested in NEQIX, assuming 5% a year before costs, total costs come to $576 over 5 years, cutting the return by 0.97% 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 0.91%) | $96 | $298 | $518 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $97 | $316 | $576 |
| Value after costs | $10,403 | $11,260 | $12,187 |
| Impact on return, per year | 0.97% | 0.97% | 0.97% |
NEQIX 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): 0.0092%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $4.2M
- Portfolio turnover (prospectus): 16%
- Securities lending: none during the year
NEQIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| National Financial Services LLC | $266 | 21.10% |
| Oppenheimer & Co. Inc. | $233 | 18.47% |
| Goldman Sachs & Co. LLC | $208 | 16.51% |
| BofA Securities, Inc. | $170 | 13.52% |
| Jefferies LLC | $105 | 8.31% |
| J.P. Morgan Securities LLC | $94 | 7.42% |
| Wells Fargo Securities, LLC | $76 | 5.99% |
| Citigroup Global Markets Inc. | $54 | 4.25% |
| Raymond James & Associates, Inc. | $39 | 3.10% |
| Deutsche Bank Securities Inc. | $17 | 1.32% |
NEQIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $4.2M | 100.00% |
Neuberger Berman U.S. Equity Impact Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| NEQIX | Institutional Class | 0.91% | none |
| NEQAX | Class A | 1.27% | 5.75% |
| NEQCX | Class C | 2.02% | 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.