NERIX Fees and Costs — Neuberger Berman Emerging Markets Debt Fund, Institutional Class
Data updated: 2025-09-24
The net expense ratio is 0.79%: a 0.70% management fee plus 0.31% other expenses, less a 0.22% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $1K in broker commissions, 0.0009% of average net assets, and portfolio turnover was 60%.
NERIX Fees and Expenses
Annual operating expenses and sales charges of NERIX. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.31% |
| Gross expense ratio | 1.01% |
| Fee waiver | −0.22% |
| Net expense ratio | 0.79% |
| 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 |
NERIX Costs Over Time
On $10,000 invested in NERIX, assuming 5% a year before costs, total costs come to $497 over 5 years, cutting the return by 0.83% 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 0.79%) | $83 | $259 | $451 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $83 | $273 | $497 |
| Value after costs | $10,417 | $11,304 | $12,266 |
| Impact on return, per year | 0.83% | 0.83% | 0.83% |
NERIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0009%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $311.9M
- Portfolio turnover (prospectus): 60%
- Securities lending: none during the year
NERIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $1K | 100.00% |
NERIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $131.5M | 53.10% |
| J.P. Morgan Securities LLC | $23.8M | 9.61% |
| HSBC Securities (USA) Inc. | $19.7M | 7.96% |
| Citigroup Global Markets Inc. | $19.6M | 7.93% |
| BofA Securities, Inc. | $11.8M | 4.77% |
| Morgan Stanley & Co. LLC | $9.0M | 3.65% |
| Goldman Sachs & Co. LLC | $8.6M | 3.48% |
| BNP Paribas Securities Corp. | $8.2M | 3.30% |
| Barclays Capital Inc. | $8.1M | 3.27% |
| Deutsche Bank Securities Inc. | $7.3M | 2.93% |
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.