Fund Evaluator:

Neuberger Core Bond Inv Overview

Neuberger Core Bond Inv (NCRIX) is an actively managed Taxable Bond Intermediate Core Bond fund. Neuberger Berman launched the fund in 1997.

The investment seeks to maximize total return consistent with capital preservation. 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.

About Neuberger Core Bond Inv (NCRIX)

There are 4 members of the management team with an average tenure of 12.15 years: Thanos Bardas (2008), David Brown (2008), Nathan Kush (2017), Olumide Owolabi (2023). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. Neuberger Core Bond Inv has 900 securities in its portfolio. The top 10 holdings constitute 47.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Neuberger Core Bond Inv is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Neuberger Core Bond Inv has 6.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 99.0% (92.5% domestic bond, 6.4% foreign bond and 0.0% convertible bond). Neuberger Core Bond Inv has 1.1% of the portfolio in cash.

Assets Under Management

The fund has $12 million in total assets, which is below the $3 billion average for the Intermediate Core Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

NCRIX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Neuberger Core Bond Inv expense ratio is above average compared to funds in the Intermediate Core Bond category. Neuberger Core Bond Inv has an expense ratio of 0.78%, which is 37% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Neuberger Core Bond Inv has a portfolio turnover rate of 151%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 150% for the Intermediate Core Bond category.

Recently, in the month of June 2026, Neuberger Core Bond Inv returned 0.1%, which earned it a grade of F, as the Intermediate Core Bond category had an average return of 0.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Neuberger Core Bond Inv has a trailing yield of 4.29%, which is above the 3.97% category average. The fund normally distributes its income monthly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Neuberger Core Bond Inv Grades

Year to date, the fund has returned 0.6%, 0.0 percentage points worse than the category, which translates into a grade of C. The fund has returned 3.5% over the past year (grade of D), 4.0% over the past three years (grade of D) and -0.3% per year over the past five years (grade of D) and 1.5% per year over the past 10 years (grade of D).

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