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Neuberger Berman Core Bond Fund (NCRLX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Neuberger Berman Core Bond Fund (NCRLX)

Mutual Fund · Currency in USD · Last updated May 30, 2025

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.

Fund Info

ISIN

US64128K4058

CUSIP

64128K405

Issuer

Neuberger Berman

Inception Date

Sep 29, 1995

Category

Intermediate Core Bond

Min. Investment

$1,000,000

Asset Class

Bond

Expense Ratio

NCRLX has an expense ratio of 0.39%, placing it in the medium range.

Share Price Chart

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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Neuberger Berman Core Bond Fund

Popular comparisons:
NCRLX vs. FTRBX NCRLX vs. SCHR
Popular comparisons:
NCRLX vs. FTRBX NCRLX vs. SCHR

Performance

Performance Chart

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S&P 500

Returns By Period

Neuberger Berman Core Bond Fund (NCRLX) returned 1.89% year-to-date (YTD) and 6.26% over the past 12 months. Over the past 10 years, NCRLX returned 1.75% annually, underperforming the S&P 500 benchmark at 10.84%.

NCRLX

YTD

1.89%

1M

-0.75%

6M

1.04%

1Y

6.26%

3Y*

1.41%

5Y*

-0.35%

10Y*

1.75%

^GSPC (Benchmark)

YTD

0.52%

1M

6.32%

6M

-1.44%

1Y

12.25%

3Y*

12.45%

5Y*

14.20%

10Y*

10.84%

*Annualized

Monthly Returns

The table below presents the monthly returns of NCRLX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.62%2.10%-0.06%0.27%-1.02%1.89%
20240.06%-1.42%0.84%-2.34%1.80%0.98%2.22%1.39%1.48%-2.60%1.17%-1.54%1.90%
20233.63%-2.64%2.51%0.58%-1.09%-0.42%-0.10%-0.66%-2.50%-1.73%4.88%3.85%6.11%
2022-2.07%-1.24%-2.53%-4.01%0.57%-1.93%2.54%-2.61%-4.80%-1.28%3.84%-0.68%-13.62%
2021-0.44%-1.36%-0.91%0.79%0.20%0.77%0.95%-0.17%-0.65%-0.09%0.12%-0.27%-1.07%
20201.92%1.31%-2.41%2.88%1.20%1.48%1.79%-0.73%-0.12%-0.41%1.89%0.43%9.50%
20191.44%0.15%1.88%0.32%1.21%1.69%0.29%2.30%-0.46%0.09%0.19%-0.01%9.43%
2018-0.76%-0.98%0.47%-0.72%-0.05%-0.13%0.37%0.25%-0.36%-0.96%0.26%1.59%-1.04%
20170.38%0.78%-0.04%0.71%0.60%0.03%0.49%0.60%-0.28%0.03%-0.33%0.69%3.73%
20160.81%0.51%1.30%0.71%-0.13%1.50%1.01%0.06%0.10%-0.55%-2.43%0.11%2.97%
20151.73%-0.54%0.22%-0.24%-0.43%-0.81%0.72%-0.33%0.43%0.22%-0.15%-0.54%0.27%
20141.48%0.59%-0.07%0.81%1.10%0.24%-0.24%0.91%-0.72%0.78%0.70%0.03%5.74%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of NCRLX is 65, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of NCRLX is 6565
Overall Rank
The Sharpe Ratio Rank of NCRLX is 8282
Sharpe Ratio Rank
The Sortino Ratio Rank of NCRLX is 7777
Sortino Ratio Rank
The Omega Ratio Rank of NCRLX is 6868
Omega Ratio Rank
The Calmar Ratio Rank of NCRLX is 4242
Calmar Ratio Rank
The Martin Ratio Rank of NCRLX is 5656
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Neuberger Berman Core Bond Fund (NCRLX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Neuberger Berman Core Bond Fund Sharpe ratios as of May 30, 2025 (values are recalculated daily):

  • 1-Year: 1.18
  • 5-Year: -0.06
  • 10-Year: 0.35
  • All Time: 0.71

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Neuberger Berman Core Bond Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

Neuberger Berman Core Bond Fund provided a 4.73% dividend yield over the last twelve months, with an annual payout of $0.41 per share. The fund has been increasing its distributions for 3 consecutive years.

2.50%3.00%3.50%4.00%4.50%$0.00$0.10$0.20$0.30$0.40$0.5020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.41$0.42$0.38$0.31$0.26$0.52$0.35$0.30$0.27$0.35$0.30$0.30

Dividend yield

4.73%4.76%4.27%3.52%2.48%4.77%3.37%3.01%2.58%3.38%2.91%2.87%

Monthly Dividends

The table displays the monthly dividend distributions for Neuberger Berman Core Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.03$0.03$0.03$0.03$0.00$0.14
2024$0.04$0.03$0.03$0.03$0.03$0.04$0.03$0.03$0.03$0.03$0.03$0.04$0.42
2023$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.04$0.03$0.38
2022$0.02$0.02$0.02$0.02$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.31
2021$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.26
2020$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.21$0.52
2019$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.35
2018$0.02$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.02$0.03$0.03$0.03$0.30
2017$0.02$0.02$0.03$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.03$0.02$0.27
2016$0.02$0.02$0.02$0.02$0.03$0.03$0.03$0.03$0.02$0.02$0.02$0.08$0.35
2015$0.02$0.02$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.02$0.02$0.03$0.30
2014$0.02$0.02$0.02$0.02$0.03$0.03$0.03$0.03$0.02$0.02$0.02$0.04$0.30

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the Neuberger Berman Core Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Neuberger Berman Core Bond Fund was 18.50%, occurring on Oct 24, 2022. The portfolio has not yet recovered.

The current Neuberger Berman Core Bond Fund drawdown is 6.01%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-18.5%Aug 5, 2021308Oct 24, 2022———
-12.31%Jan 24, 2008210Nov 20, 2008123May 20, 2009333
-8.78%Mar 9, 20209Mar 19, 202049May 29, 202058
-5.51%May 3, 201387Sep 5, 2013174May 15, 2014261
-4.84%Sep 2, 2005206Jun 28, 200686Oct 31, 2006292
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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