NMUAX Fees and Costs — Neuberger Berman Multi-Cap Opportunities Fund, Class A
Data updated: 2026-07-27
The net expense ratio is 1.25%: a 0.86% management fee, a 0.25% 12b-1 fee plus 0.14% other expenses. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2025 the fund paid $46K in broker commissions, 0.0185% of average net assets, and portfolio turnover was 36%.
NMUAX Fees and Expenses
Annual operating expenses and sales charges of NMUAX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.86% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.14% |
| Gross expense ratio | 1.25% |
| Fee waiver | — |
| Net expense ratio | 1.25% |
| 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 | Yes |
| Waived fees subject to recoupment | Yes |
NMUAX Costs Over Time
On $10,000 invested in NMUAX, assuming 5% a year before costs, total costs come to $1,478 over 5 years, cutting the return by 2.55% 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 1.25%) | $124 | $385 | $666 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $29 | $110 | $227 |
| Total costs | $729 | $1,076 | $1,478 |
| Value after costs | $9,771 | $10,501 | $11,285 |
| Impact on return, per year | 7.29% | 3.36% | 2.55% |
NMUAX 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): 0.0185%
- Total broker commissions: $46K
- Bought from dealers (principal trades, not a cost): $140.4M
- Portfolio turnover (prospectus): 36%
- Securities lending: none during the year
NMUAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $6K | 17.05% |
| BofA Securities, Inc. | $6K | 16.89% |
| National Financial Services LLC | $6K | 15.04% |
| BNY Capital Markets, LLC | $5K | 13.54% |
| J.P. Morgan Securities LLC | $4K | 11.79% |
| Stifel, Nicolaus & Company, Incorporated | $2K | 5.76% |
| Jefferies LLC | $2K | 5.70% |
| Raymond James & Associates, Inc. | $2K | 5.43% |
| Morgan Stanley & Co. LLC | $2K | 4.79% |
| BMO Capital Markets Corp. | $2K | 4.01% |
NMUAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $140.4M | 100.00% |
Neuberger Berman Multi-Cap Opportunities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| NMUEX | Class E | 0.13% | — |
| NMULX | Institutional Class | 0.88% | none |
| NMUAX | Class A | 1.25% | 5.75% |
| NMUCX | Class C | 2.00% | 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.