NILTX Fees and Costs — Neuberger Berman International Select Fund, Trust Class
Data updated: 2026-07-27
The net expense ratio is 1.16%: a 0.95% management fee, a 0.10% 12b-1 fee plus 0.34% other expenses, less a 0.23% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $238K in broker commissions, 0.1163% of average net assets, and portfolio turnover was 58%.
NILTX Fees and Expenses
Annual operating expenses and sales charges of NILTX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.10% |
| Other expenses | 0.34% |
| Gross expense ratio | 1.39% |
| Fee waiver | −0.23% |
| Net expense ratio | 1.16% |
| 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 |
NILTX Costs Over Time
On $10,000 invested in NILTX, assuming 5% a year before costs, total costs come to $794 over 5 years, cutting the return by 1.34% 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 1.16%) | $122 | $379 | $655 |
| Trading costs (broker commissions) | $12 | $38 | $66 |
| Lost growth on money paid in costs | $0 | $21 | $73 |
| Total costs | $134 | $438 | $794 |
| Value after costs | $10,366 | $11,139 | $11,969 |
| Impact on return, per year | 1.34% | 1.34% | 1.34% |
NILTX 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): 0.1163%
- Total broker commissions: $238K
- Bought from dealers (principal trades, not a cost): $246.2M
- Portfolio turnover (prospectus): 58%
- Securities on loan, average value: $7.3M
- Net income from securities lending: $20K (0.010% of average net assets)
NILTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $36K | 18.21% |
| J.P. Morgan Securities LLC | $33K | 16.91% |
| BofA Securities, Inc. | $29K | 14.92% |
| BNP Paribas Securities Corp. | $18K | 9.03% |
| Barclays Capital Inc. | $15K | 7.69% |
| Jefferies LLC | $15K | 7.45% |
| UBS Securities LLC | $14K | 7.23% |
| Goldman Sachs & Co. LLC | $14K | 7.00% |
| Morgan Stanley & Co. LLC | $12K | 5.82% |
| Berenberg Capital Markets LLC | $11K | 5.73% |
NILTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $246.2M | 100.00% |
Neuberger Berman International Select Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| NRILX | Class R6 | 0.71% | — |
| NILIX | Institutional Class | 0.81% | none |
| NILTX | Trust Class | 1.16% | — |
| NBNAX | Class A | 1.17% | 5.75% |
| NBNRX | Class R3 | 1.42% | — |
| NBNCX | Class C | 1.92% | 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.