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Neuberger Berman Core Bond Fund (NCRCX)

8.58 +0.03 (+0.35%)
At close: April 26 at 8:00 PM EDT

Fund Summary

The fund normally invests in a diversified mix of debt securities, which primarily include government bonds, corporate bonds, mortgage-backed securities and asset-backed securities. It normally will not invest more than 15% of its total assets in non-U.S. dollar denominated securities and, through hedging strategies, and the adviser will attempt to limit its exposure to currencies other than the U.S. dollar to 5% of its total assets.

Neuberger Berman Core Bond Fund

New York, NY 10158
605 Third Ave 2nd FL

Fund Overview

Category Intermediate Core Bond
Fund Family Neuberger Berman
Net Assets 744.05M
YTD Return -0.71%
Yield 3.32%
Morningstar Rating
Inception Date Dec 20, 2007

Fund Operations

Last Dividend 0.08
Last Cap Gain -23.00
Holdings Turnover 159.00%
Average for Category --

Fees & Expenses

Expense NCRCX Category Average
Annual Report Expense Ratio (net) 0.78% 0.61%
Prospectus Net Expense Ratio 0.78% --
Prospectus Gross Expense Ratio 0.80% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 3.78%
Max Deferred Sales Load -- 1.18%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Olumide Owolabi, Senior Vice President, joined the firm in 2003. Olumide is a Portfolio Manager in the Investment Grade group. Prior to joining the firm, he spent four years in the banking industry, the last two as an investment analyst in the Treasury and Investment group of City Express Bank Plc. Olumide earned a BS in Mathematics from the University of Ilorin in Nigeria and an MS in Financial Mathematics from the University of Chicago.

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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