About NCRLX
Neuberger Berman Core Bond Fund Institutional Class is a mutual fund focused on providing a total return through a combination of income and capital appreciation. The fund primarily invests in high-quality, investment grade fixed income securities, including U.S. Treasuries, corporate bonds, mortgage-backed securities, collateralized loan obligations, and asset-backed securities. It is actively managed, employing a research-driven approach that seeks to add value through careful security selection and relative value sector allocation, while also managing interest rate risk. The fund typically maintains holdings across 50–80 corporate issuers, compared to a much broader benchmark universe, and is designed to serve as a core fixed income allocation for institutional investors. With disciplined risk management and a diversified portfolio, it targets a risk and return profile consistent with the Bloomberg U.S. Aggregate Bond Index, appealing to investors who require an anchor for the fixed income portion of their portfolios. Monthly income distributions and an expense ratio that is competitive within its class further define its role as a foundational bond fund in the intermediate core bond category.
Fund Family Neuberger Berman
Category Intermediate Core Bond
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol NCRLX
Share Class Institutional Class
Index Bloomberg U.S. Aggregate Bond TR
NCRLX had a total return of -3.10% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.04%.
