NIMCX Fees and Costs — Neuberger Berman Municipal Impact Fund, Class C
Data updated: 2026-06-26
The net expense ratio is 1.55%: a 0.52% management fee, a 1.00% 12b-1 fee plus 3.04% other expenses, less a 3.01% fee waiver. This share class carries a deferred sales charge of up to 1.00%. Portfolio turnover was 48%.
NIMCX Fees and Expenses
Annual operating expenses and sales charges of NIMCX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.52% |
| 12b-1 fee | 1.00% |
| Other expenses | 3.04% |
| Gross expense ratio | 4.56% |
| Fee waiver | −3.01% |
| Net expense ratio | 1.55% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
NIMCX Costs Over Time
On $10,000 invested in NIMCX, assuming 5% a year before costs, total costs come to $959 over 5 years, cutting the return by 1.63% 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 | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.55%) | $163 | $505 | $871 |
| Lost growth on money paid in costs | $0 | $25 | $88 |
| Total costs | $266 | $530 | $959 |
| Value after costs | $10,234 | $11,046 | $11,804 |
| Impact on return, per year | 2.66% | 1.63% | 1.63% |
NIMCX 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): $72.5M
- Portfolio turnover (prospectus): 48%
- Securities lending: none during the year
NIMCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $18.1M | 28.55% |
| Barclays Capital Inc. | $11.4M | 18.04% |
| Morgan Stanley & Co. LLC | $7.5M | 11.79% |
| U.S. Bancorp Investments, Inc. | $6.8M | 10.69% |
| Jefferies LLC | $5.0M | 7.81% |
| BNY Capital Markets, LLC | $4.1M | 6.43% |
| Wells Fargo Securities, LLC | $4.0M | 6.39% |
| TD Securities (USA) LLC | $2.6M | 4.10% |
| Deutsche Bank Securities Inc. | $2.1M | 3.28% |
| Samuel A. Ramirez & Company, Inc. | $1.9M | 2.92% |
Neuberger Berman Municipal 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 |
|---|---|---|---|
| NMIIX | Institutional Class | 0.43% | none |
| NIMAX | Class A | 0.80% | 4.25% |
| NIMCX | Class C | 1.55% | 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.