NINAX Fees and Costs — Neuberger Berman Intrinsic Value Fund, Class A
Data updated: 2026-07-27
The net expense ratio is 1.33%: a 1.02% management fee, a 0.25% 12b-1 fee plus 0.06% other expenses. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2025 the fund paid $351K in broker commissions, 0.0299% of average net assets, and portfolio turnover was 12%.
NINAX Fees and Expenses
Annual operating expenses and sales charges of NINAX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.02% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.06% |
| Gross expense ratio | 1.33% |
| Fee waiver | — |
| Net expense ratio | 1.33% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
NINAX Costs Over Time
On $10,000 invested in NINAX, assuming 5% a year before costs, total costs come to $1,530 over 5 years, cutting the return by 2.65% 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 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.33%) | $132 | $409 | $707 |
| Trading costs (broker commissions) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $29 | $111 | $232 |
| Total costs | $738 | $1,105 | $1,530 |
| Value after costs | $9,762 | $10,472 | $11,233 |
| Impact on return, per year | 7.38% | 3.45% | 2.65% |
NINAX 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): 0.0299%
- Total broker commissions: $351K
- Bought from dealers (principal trades, not a cost): $282.3M
- Portfolio turnover (prospectus): 12%
- Securities lending: none during the year
NINAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNY Capital Markets, LLC | $97K | 31.74% |
| National Financial Services LLC | $52K | 17.15% |
| Goldman Sachs & Co. LLC | $36K | 11.94% |
| Jefferies LLC | $34K | 11.31% |
| BofA Securities, Inc. | $23K | 7.67% |
| Raymond James & Associates, Inc. | $18K | 5.91% |
| UBS Securities LLC | $16K | 5.20% |
| Robert W. Baird & Co. Incorporated | $9K | 3.08% |
| Nomura Securities International, Inc. | $9K | 3.07% |
| J.P. Morgan Securities LLC | $9K | 2.94% |
NINAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $273.5M | 96.90% |
| UBS Securities LLC | $8.7M | 3.10% |
| J.P. Morgan Securities LLC | $9K | 0.00% |
Neuberger Berman Intrinsic Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| NRINX | Class R6 | 0.86% | — |
| NINLX | Institutional Class | 0.96% | none |
| NINAX | Class A | 1.33% | 5.75% |
| NINCX | Class C | 2.07% | 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.