NFIIX Fees and Costs — Neuberger Berman Floating Rate Income Fund, Institutional Class
Data updated: 2026-09-28
The net expense ratio is 0.62% (0.70% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $11K in broker commissions, 0.0022% of average net assets, and portfolio turnover was 64%.
NFIIX Fees and Expenses
Annual operating expenses and sales charges of NFIIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.13% |
| Gross expense ratio | 0.70% |
| Fee waiver | −0.08% |
| Net expense ratio | 0.62% |
| 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 |
NFIIX Costs Over Time
On $10,000 invested in NFIIX, assuming 5% a year before costs, total costs come to $392 over 5 years, cutting the return by 0.65% 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 0.62%) | $65 | $204 | $355 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $65 | $215 | $392 |
| Value after costs | $10,435 | $11,362 | $12,371 |
| Impact on return, per year | 0.65% | 0.65% | 0.65% |
NFIIX 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): 0.0022%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $1.1B
- Portfolio turnover (prospectus): 64%
- Securities lending: none during the year
NFIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNY Capital Markets, LLC | $11K | 100.00% |
NFIIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $582.1M | 55.13% |
| J.P. Morgan Securities LLC | $157.4M | 14.91% |
| Goldman Sachs & Co. LLC | $56.3M | 5.33% |
| BofA Securities, Inc. | $51.0M | 4.83% |
| Wells Fargo Securities, LLC | $41.6M | 3.94% |
| Barclays Capital Inc. | $40.5M | 3.84% |
| Morgan Stanley & Co. LLC | $38.3M | 3.63% |
| Jefferies LLC | $37.2M | 3.53% |
| Citigroup Global Markets Inc. | $26.8M | 2.54% |
| UBS Securities LLC | $24.5M | 2.32% |
Neuberger Berman Floating Rate Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| NFIIX | Institutional Class | 0.62% | none |
| NFIAX | Class A | 0.99% | 4.25% |
| NFICX | Class C | 1.74% | 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.