Neuberger Berman Unconstrained Bd R6
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-4.9%
1 yr return
-1.5%
3 Yr Avg Return
-2.8%
5 Yr Avg Return
-1.8%
Net Assets
$3.38 M
Holdings in Top 10
52.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.04%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 61.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
NRUBX - Profile
Distributions
- YTD Total Return -4.9%
- 3 Yr Annualized Total Return -2.8%
- 5 Yr Annualized Total Return -1.8%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.62%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameNeuberger Berman Unconstrained Bond Fund
-
Fund Family NameNeuberger Berman
-
Inception DateFeb 13, 2014
-
Shares OutstandingN/A
-
Share ClassRetirement
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJon Jonsson
Fund Description
NRUBX - Performance
Return Ranking - Trailing
Period | NRUBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -4.9% | -21.3% | 16.6% | 67.90% |
1 Yr | -1.5% | -23.1% | 14.0% | 59.31% |
3 Yr | -2.8%* | -12.1% | 4.8% | 78.85% |
5 Yr | -1.8%* | -6.5% | 4.4% | 77.06% |
10 Yr | N/A* | -4.8% | 2.4% | N/A |
* Annualized
Return Ranking - Calendar
Period | NRUBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.3% | -7.4% | 12.4% | 66.89% |
2022 | -5.8% | -9.2% | 0.8% | 75.75% |
2021 | 2.9% | -12.3% | 9.4% | 20.24% |
2020 | -0.9% | -2.8% | 10.7% | 93.99% |
2019 | -4.6% | -11.1% | 4.8% | 55.45% |
Total Return Ranking - Trailing
Period | NRUBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -4.9% | -21.3% | 16.6% | 68.21% |
1 Yr | -1.5% | -23.1% | 14.0% | 59.31% |
3 Yr | -2.8%* | -8.9% | 4.5% | 80.38% |
5 Yr | -1.8%* | -4.5% | 5.6% | 82.11% |
10 Yr | N/A* | -4.8% | 4.5% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | NRUBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.3% | -7.0% | 12.6% | 68.56% |
2022 | -5.8% | -9.2% | 4.1% | 85.45% |
2021 | 2.9% | -3.1% | 15.2% | 45.24% |
2020 | -0.9% | -2.8% | 17.7% | 94.85% |
2019 | -4.6% | -10.1% | 5.4% | 71.29% |
NRUBX - Holdings
Concentration Analysis
NRUBX | Category Low | Category High | NRUBX % Rank | |
---|---|---|---|---|
Net Assets | 3.38 M | 10.3 K | 31.9 B | 97.40% |
Number of Holdings | 38 | 1 | 4971 | 86.44% |
Net Assets in Top 10 | 2.11 M | -3.42 B | 7.79 B | 80.44% |
Weighting of Top 10 | 52.03% | 5.6% | 866.9% | 29.64% |
Top 10 Holdings
Asset Allocation
Weighting | Return Low | Return High | NRUBX % Rank | |
---|---|---|---|---|
Bonds | 76.21% | -2367.93% | 258.37% | 56.78% |
Cash | 18.14% | -417.73% | 2217.71% | 36.91% |
Convertible Bonds | 5.65% | -1.28% | 141.94% | 15.77% |
Stocks | 0.00% | -71.93% | 392.17% | 66.88% |
Preferred Stocks | 0.00% | 0.00% | 23.00% | 63.72% |
Other | 0.00% | -14.54% | 43.46% | 65.30% |
Bond Sector Breakdown
Weighting | Return Low | Return High | NRUBX % Rank | |
---|---|---|---|---|
Corporate | 58.25% | 0.00% | 100.00% | 8.52% |
Securitized | 21.25% | 0.00% | 95.53% | 49.53% |
Cash & Equivalents | 20.00% | -103.66% | 100.00% | 37.85% |
Government | 0.50% | -7.42% | 398.07% | 74.76% |
Derivative | 0.00% | -238.73% | 68.93% | 74.45% |
Municipal | 0.00% | 0.00% | 80.02% | 62.46% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | NRUBX % Rank | |
---|---|---|---|---|
US | 46.35% | -136.19% | 252.28% | 53.31% |
Non US | 29.86% | -2231.74% | 183.34% | 31.55% |
NRUBX - Expenses
Operational Fees
NRUBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.04% | 0.31% | 14.11% | 64.42% |
Management Fee | 0.50% | 0.00% | 2.15% | 19.15% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.08% | 0.03% | 0.45% | 33.33% |
Sales Fees
NRUBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 6.50% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
NRUBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.40% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
NRUBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 61.00% | 2.00% | 532.00% | 37.46% |
NRUBX - Distributions
Dividend Yield Analysis
NRUBX | Category Low | Category High | NRUBX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 4.63% | 8.21% |
Dividend Distribution Analysis
NRUBX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
NRUBX | Category Low | Category High | NRUBX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.62% | -0.23% | 6.94% | 35.87% |
Capital Gain Distribution Analysis
NRUBX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Daily | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Nov 01, 2019 | $0.018 | |
Oct 31, 2019 | $0.018 | |
May 31, 2019 | $0.022 | |
Apr 30, 2019 | $0.027 | |
Mar 29, 2019 | $0.023 | |
Feb 28, 2019 | $0.019 | |
Jan 31, 2019 | $0.018 | |
Dec 31, 2018 | $0.101 | |
Nov 30, 2018 | $0.022 | |
Oct 31, 2018 | $0.021 | |
Aug 31, 2018 | $0.022 | |
Jul 31, 2018 | $0.023 | |
Jun 29, 2018 | $0.023 | |
May 31, 2018 | $0.020 | |
Apr 30, 2018 | $0.027 | |
Mar 29, 2018 | $0.022 | |
Feb 28, 2018 | $0.013 | |
Jan 31, 2018 | $0.012 | |
Dec 29, 2017 | $0.012 | |
Nov 30, 2017 | $0.018 | |
Oct 31, 2017 | $0.011 | |
Sep 29, 2017 | $0.021 | |
Aug 31, 2017 | $0.007 | |
Jul 31, 2017 | $0.007 | |
Jun 30, 2017 | $0.011 | |
May 31, 2017 | $0.008 | |
Apr 28, 2017 | $0.011 | |
Mar 31, 2017 | $0.014 | |
Feb 28, 2017 | $0.010 | |
Jan 31, 2017 | $0.010 | |
Dec 30, 2016 | $0.017 | |
Nov 30, 2016 | $0.015 | |
Oct 31, 2016 | $0.016 | |
Sep 30, 2016 | $0.016 | |
Aug 31, 2016 | $0.019 | |
Jul 29, 2016 | $0.019 | |
Jun 30, 2016 | $0.024 | |
May 31, 2016 | $0.028 | |
Apr 29, 2016 | $0.026 | |
Mar 31, 2016 | $0.025 | |
Feb 29, 2016 | $0.023 | |
Jan 29, 2016 | $0.025 | |
Dec 31, 2015 | $0.027 | |
Nov 30, 2015 | $0.026 | |
Oct 30, 2015 | $0.025 | |
Sep 30, 2015 | $0.048 | |
Aug 31, 2015 | $0.025 | |
Jul 31, 2015 | $0.020 | |
Jun 30, 2015 | $0.025 | |
May 29, 2015 | $0.024 | |
Apr 30, 2015 | $0.028 | |
Mar 31, 2015 | $0.026 | |
Feb 27, 2015 | $0.023 | |
Jan 30, 2015 | $0.022 | |
Dec 31, 2014 | $0.027 | |
Nov 28, 2014 | $0.026 | |
Oct 31, 2014 | $0.023 | |
Sep 30, 2014 | $0.024 | |
Aug 29, 2014 | $0.025 | |
Jul 31, 2014 | $0.026 | |
Jun 30, 2014 | $0.027 | |
May 30, 2014 | $0.023 | |
Apr 30, 2014 | $0.024 | |
Mar 31, 2014 | $0.023 | |
Feb 28, 2014 | $0.007 |
NRUBX - Fund Manager Analysis
Managers
Jon Jonsson
Start Date
Tenure
Tenure Rank
Feb 13, 2014
6.47
6.5%
Jon Jonsson is a Managing Director of Neuberger Berman Europe Limited . He joined the firm in 2013. Mr. Jonsson is a Senior Portfolio Manager for the Global Fixed Income strategies and is a member of the Investment Grade Fixed Income Senior Portfolio Management Strategy Team. Prior to joining the firm, Jon was employed by another investment firm for 15 years where he worked in similar capacities.
Ugo Lancioni
Start Date
Tenure
Tenure Rank
Feb 13, 2014
6.47
6.5%
Ugo Lancioni, Managing Director, joined the firm in 2007. Ugo is the Head of Global Currency and serves as a co-portfolio manager on multiple fixed income strategies. He is a member of the senior investment team that sets overall portfolio strategy for Global Investment Grade. Ugo also leads the Currency team in determining FX exposures across various portfolio strategies. Prior to joining the firm, Ugo was employed by JP Morgan for 11 years. While at JP Morgan Asset Management Ugo gained experience as a currency strategist and portfolio manager in charge of the FX risk in the fixed income book. Prior to this, Ugo worked as a trader atJPMorgan Bank, both in London and Milan, in the short term interest rate trading group where he was responsible for foreign exchange forwards market making and derivatives trading. Ugo received a master’s degree in Economics from the University “La Sapienza” in Rome.
Thanos Bardas
Start Date
Tenure
Tenure Rank
Feb 13, 2014
6.47
6.5%
Thanos Bardas, PhD, Managing Director, joined the firm in 1998. Thanos is the Head of Global Rates and serves as a Senior Portfolio Manager on Global Investment Grade and Multi-Sector Fixed income strategies. He sits on the firm’s Asset Allocation Committee and Fixed Income’s Investment Strategy Committee, and is a member of the Fixed Income Multi-Sector Group. Thanos also leads the Global Rates team in determining rates exposure across various portfolio strategies and oversees both inflation and LDI investments. Thanos graduated with honors from Aristotle University, Greece, earned his MS from the University of Crete, Greece, and holdsa PhD in Theoretical Physics from State University of New York at Stony Brook. He holds FINRA Series 7 and Series 66 licenses.
David Brown
Start Date
Tenure
Tenure Rank
Feb 13, 2014
6.47
6.5%
David M. Brown, CFA, Managing Director, rejoined the firm in 2003. Dave is Global Co-Head of Investment Grade and acts as Senior Portfolio Manager on both Global Investment Grade and Multi-Sector Fixed Income strategies. He is a member of the Fixed Income Investment Strategy Committee and the Fixed Income Multi-Sector Group. Dave also leads the Investment Grade Credit team in determining credit exposures across both Global Investment Grade and Multi-Sector Fixed Income strategies. Dave initially joined the firm in 1991 after graduating from the University of Notre Dame with a BA in Government and subsequently received his MBA in Finance from Northwestern University. Prior to his return, he was a senior credit analyst at Zurich Scudder Investments and later a credit analyst and portfolio manager at Deerfield Capital. Dave has been awarded the Chartered Financial Analyst designation.
Nathan Kush
Start Date
Tenure
Tenure Rank
Feb 29, 2016
4.42
4.4%
Nathan Kush is a Managing Director of Neuberger Berman Investment Advisers LLC. He joined the firm in 2001. He is a member of the portfolio management team for the firm’s Global Investment Grade strategies. Additionally, he is involved in investment grade credit research and, previously, covered the banking, brokerage, finance, insurance and REIT sectors. Before joining the investment grade team, he spent three years in Debt Capital Markets in the Investment Banking Division of Lehman Brothers. Nathan earned a BS in Finance and Accounting from Tulane University and an MBA from the University of Chicago.
Bradley Tank
Start Date
Tenure
Tenure Rank
Dec 07, 2017
2.65
2.7%
Brad C. Tank is a Managing Director of the Manager. He joined the firm in 2002 and is the Chief Investment Officer and Global Head of Fixed Income. He is a member of the firm’s Operating, Investment Risk, Asset Allocation and Fixed Income’s Investment Strategy Committees, and leads the Fixed Income Multi-Sector Group. He joined the firm after 23 years of experience in trading and asset management. From 2008 through 2015, Brad was Chief Investment Officer of Neuberger Berman’s Multi-Asset Class Investment business and remains an important member of that team along with the firm’s other CIOs. From 1990 to2002, Brad was director of fixed income for Strong Capital Management in Wisconsin. He was also a member of the Office of the CEO and headed institutional and intermediary distribution. In 1997, Brad was named “Runner Up” for Morningstar Mutual Fund Manager of the Year. From 1982 to 1990, he was a vice president at Salomon Brothers in the government, mortgage and financial institutions areas. Brad earned a BBA and an MBA from the University of Wisconsin.
Ashok Bhatia
Start Date
Tenure
Tenure Rank
Dec 07, 2017
2.65
2.7%
Ashok K. Bhatia, CFA, is a Managing Director of the Manager. He joined the firm in July 2017 and is the Deputy Chief Investment Officer of Fixed Income. He is a lead portfolio manager on multi-sector fixed income strategies and is also a member of the Multi-Asset Class portfolio management team, the Fixed Income Investment Strategy Committee and the firm’s Asset Allocation Committee. Previously, Ashok has held senior investment and leadership positions in several asset management firms and hedge funds, including Wells Fargo Asset Management, Balyasny Asset Management, and Stark Investments. Ashok has had investment responsibilities across global fixed income and currency markets. Ashok began his career in 1993 as an investment analyst at Morgan Stanley. Ashok received a BA with high honors in Economics from the University of Michigan, Ann Arbor, and an MBA with high honors from the University of Chicago. He has been awarded the Chartered Financial Analyst designation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 25.6 | 5.74 | 2.02 |