NHIAX Fees and Costs — Neuberger Berman High Income Bond Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 1.11%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.11% other expenses. This share class carries a maximum front-end sales load of 4.25%. Portfolio turnover was 77%.
NHIAX Fees and Expenses
Annual operating expenses and sales charges of NHIAX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.11% |
| Gross expense ratio | 1.11% |
| Fee waiver | — |
| Net expense ratio | 1.11% |
| Sales charges | |
|---|---|
| Max front load | 4.25% |
| 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 |
NHIAX Costs Over Time
On $10,000 invested in NHIAX, assuming 5% a year before costs, total costs come to $1,206 over 5 years, cutting the return by 2.06% 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 |
| Sales charges | $425 | $425 | $425 |
| Fund expenses (net expense ratio 1.11%) | $112 | $348 | $602 |
| Lost growth on money paid in costs | $21 | $84 | $178 |
| Total costs | $558 | $857 | $1,206 |
| Value after costs | $9,942 | $10,719 | $11,557 |
| Impact on return, per year | 5.58% | 2.66% | 2.06% |
NHIAX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.5B
- Portfolio turnover (prospectus): 77%
- Securities lending: none during the year
NHIAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $590.6M | 41.30% |
| Goldman Sachs & Co. LLC | $182.8M | 12.78% |
| J.P. Morgan Securities LLC | $177.4M | 12.41% |
| BofA Securities, Inc. | $122.0M | 8.53% |
| Morgan Stanley & Co. LLC | $83.1M | 5.81% |
| Citigroup Global Markets Inc. | $77.9M | 5.45% |
| Barclays Capital Inc. | $64.7M | 4.52% |
| Jefferies LLC | $49.2M | 3.44% |
| Wells Fargo Securities, LLC | $46.2M | 3.23% |
| BNY Capital Markets, LLC | $36.1M | 2.52% |
Neuberger Berman High Income Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| NHIEX | Class E | 0.09% | — |
| NRHIX | Class R6 | 0.62% | — |
| NHILX | Institutional Class | 0.72% | none |
| NHINX | Investor Class | 0.89% | — |
| NHIAX | Class A | 1.11% | 4.25% |
| NHIRX | Class R3 | 1.37% | — |
| NHICX | Class C | 1.88% | 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.