Expense Ratio History

NABAX expense ratio history

Neuberger Berman Absolute Return Multi-Manager Fund, Class A

Fund company
Neuberger Berman
Type
Mutual fund

2.88%

In basis points
288 basis points
Yearly cost per $10,000
$288
Prospectus dated
28 February 2024, filed with the SEC; rounded to 0.01%
Last change
Cut from 3.33% on 28 February 2024

Fee over time

NABAX expense ratio: 3.34% until 28 Feb 2013, then 5.90%; 5.90% until 28 Feb 2014, then 3.29%; 3.29% until 28 Feb 2015, then 3.04%; 3.04% until 29 Feb 2016, then 3.09%; 3.09% until 28 Feb 2017, then 3.25%; 3.25% until 28 Feb 2018, then 3.16%; 3.16% until 28 Feb 2019, then 2.88%; 2.88% until 28 Feb 2020, then 3.05%; 3.05% until 28 Feb 2021, then 3.29%; 3.29% until 28 Feb 2022, then 3.35%; 3.35% until 28 Feb 2023, then 3.33%; 3.33% until 28 Feb 2024, then 2.88%; read at 2.88% on 28 Feb 2024.0.00%2.00%4.00%6.00%8.00%Apr 2012May 2014Jun 2016Jul 2018Aug 2020Sep 20223.34% before2.88% from 28 Feb 2024
NABAX expense ratio: 3.34% until 28 Feb 2013, then 5.90%; 5.90% until 28 Feb 2014, then 3.29%; 3.29% until 28 Feb 2015, then 3.04%; 3.04% until 29 Feb 2016, then 3.09%; 3.09% until 28 Feb 2017, then 3.25%; 3.25% until 28 Feb 2018, then 3.16%; 3.16% until 28 Feb 2019, then 2.88%; 2.88% until 28 Feb 2020, then 3.05%; 3.05% until 28 Feb 2021, then 3.29%; 3.29% until 28 Feb 2022, then 3.35%; 3.35% until 28 Feb 2023, then 3.33%; 3.33% until 28 Feb 2024, then 2.88%; read at 2.88% on 28 Feb 2024.0.00%2.00%4.00%6.00%8.00%Apr 2012May 2016Jun 20203.34% before2.88% from 28 Feb 2024
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Share classes

The same fund is sold as 5 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
NABAX (this page) Class A 2.88% 2.40% 28 Feb 2024
NABCX Class C 3.66% 3.15% 28 Feb 2024
NABIX Institutional Class 2.52% 2.04% 28 Feb 2024
NRABX Class R6 2.71% 2.26% 28 Feb 2024
NABEX Class E Shares 2.38% 0.68% 28 Feb 2024

Every figure we've recorded

DateFeeWhat happened
28 Feb 2024 2.88% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2024 2.88% Cut from 3.33% to 2.88%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2024-02-27
28 Feb 2023 3.33% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2023 3.33% Cut from 3.35% to 3.33%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-02-24
28 Feb 2022 3.35% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2022 3.35% Raised from 3.29% to 3.35%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-02-25
28 Feb 2021 3.29% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2021 3.29% Raised from 3.05% to 3.29%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2021-02-26
28 Feb 2020 3.05% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2020 3.05% Raised from 2.88% to 3.05%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2020-03-18
28 Feb 2019 2.88% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2019 2.88% Cut from 3.16% to 2.88%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-03-18
28 Feb 2018 3.16% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2018 3.16% Cut from 3.25% to 3.16%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2018-03-13
28 Feb 2017 3.25% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2017 3.25% Raised from 3.09% to 3.25%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2017-03-20
29 Feb 2016 3.09% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-02-29 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
29 Feb 2016 3.09% Raised from 3.04% to 3.09%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2016-03-16
28 Feb 2015 3.04% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-02-28 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
28 Feb 2015 3.04% Cut from 3.29% to 3.04%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2015-07-24
28 Feb 2014 3.29% In the prospectusTotal annual fund operating expenses in the prospectus dated 2014-02-28 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
28 Feb 2014 3.29% Cut from 5.90% to 3.29%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2014-04-17
28 Feb 2013 5.90% In the prospectusTotal annual fund operating expenses in the prospectus dated 2013-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2013 5.90% Raised from 3.34% to 5.90%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2013-03-19
23 Apr 2012 3.34% In the prospectusTotal annual fund operating expenses in the prospectus dated 2012-04-23 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 2.88% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$3,239 in fees over 10 years

After fees, $10,000 grows to $12,247.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$295
3 years$904
5 years$1,538
10 years$3,239

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 13 prospectuses for this share class since 2012. Each one is listed above with a link to the filing.

How we read fees

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