Expense Ratio History

NMIIX expense ratio history

Neuberger Municipal Impact Fund, Institutional Class

Fund company
Neuberger Berman
Type
Mutual fund

0.84%

In basis points
84 basis points
Yearly cost per $10,000
$84
Prospectus dated
28 February 2026, filed with the SEC; rounded to 0.01%
Last change
Cut from 0.86% on 28 February 2026

Fee over time

NMIIX expense ratio: 0.87% until 29 Feb 2016, then 0.89%; 0.89% until 28 Feb 2017, then 0.96%; 0.96% until 28 Feb 2018, then 0.92%; 0.92% until 16 Jun 2018, then 0.87%; 0.87% until 28 Feb 2019, then 0.91%; 0.91% until 28 Feb 2021, then 0.93%; 0.93% until 28 Feb 2022, then 0.84%; 0.84% until 28 Feb 2023, then 0.81%; 0.81% until 28 Feb 2024, then 0.85%; 0.85% until 28 Feb 2025, then 0.86%; 0.86% until 28 Feb 2026, then 0.84%; read at 0.84% on 28 Feb 2026.0.00%0.50%1.00%1.50%Dec 2012Mar 2015Jun 2017Sep 2019Dec 2021Mar 20240.87% before0.84% from 28 Feb 2026
NMIIX expense ratio: 0.87% until 29 Feb 2016, then 0.89%; 0.89% until 28 Feb 2017, then 0.96%; 0.96% until 28 Feb 2018, then 0.92%; 0.92% until 16 Jun 2018, then 0.87%; 0.87% until 28 Feb 2019, then 0.91%; 0.91% until 28 Feb 2021, then 0.93%; 0.93% until 28 Feb 2022, then 0.84%; 0.84% until 28 Feb 2023, then 0.81%; 0.81% until 28 Feb 2024, then 0.85%; 0.85% until 28 Feb 2025, then 0.86%; 0.86% until 28 Feb 2026, then 0.84%; read at 0.84% on 28 Feb 2026.0.00%0.50%1.00%1.50%Dec 2012Jun 2017Dec 20210.87% before0.84% from 28 Feb 2026
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 3 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
NMIIX (this page) Institutional Class 0.84% 0.43% 28 Feb 2026
NIMAX Class A 2.14% 0.80% 28 Feb 2026
NIMCX Class C 4.56% 1.55% 28 Feb 2026

Every figure we've recorded

DateFeeWhat happened
28 Feb 2026 0.84% In the prospectusTotal annual fund operating expenses in the prospectus dated 2026-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2026 0.84% Cut from 0.86% to 0.84%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2026-02-24
28 Feb 2025 0.86% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2025 0.86% Raised from 0.85% to 0.86%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-02-26
28 Feb 2024 0.85% 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 0.85% Raised from 0.81% to 0.85%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2024-02-27
28 Feb 2023 0.81% 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 0.81% Cut from 0.84% to 0.81%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-02-24
28 Feb 2022 0.84% 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 0.84% Cut from 0.93% to 0.84%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-02-28
28 Feb 2021 0.93% 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 0.93% Raised from 0.91% to 0.93%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2021-02-26
28 Feb 2019 0.91% 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 0.91% Raised from 0.87% to 0.91%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-03-20
16 Jun 2018 0.87% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-06-16 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
16 Jun 2018 0.87% Cut from 0.92% to 0.87%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2018-07-11
28 Feb 2018 0.92% 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 0.92% Cut from 0.96% to 0.92%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2018-03-13
28 Feb 2017 0.96% 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 0.96% Raised from 0.89% to 0.96%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2017-03-20
29 Feb 2016 0.89% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-02-29 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
29 Feb 2016 0.89% Raised from 0.87% to 0.89%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2016-07-12
28 Feb 2015 0.87% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2014 0.87% In the prospectusTotal annual fund operating expenses in the prospectus dated 2014-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Jun 2013 0.87% In the prospectusTotal annual fund operating expenses in the prospectus dated 2013-06-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
29 Dec 2012 0.87% In the prospectusTotal annual fund operating expenses in the prospectus dated 2012-12-29 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 0.84% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$1,040 in fees over 10 years

After fees, $10,000 grows to $15,001.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$86
3 years$269
5 years$468
10 years$1,040

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 15 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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