NCRAX Fees and Costs — Neuberger Berman Core Bond Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 0.78%: a 0.45% management fee, a 0.25% 12b-1 fee plus 0.09% other expenses, less a 0.01% fee waiver. This share class carries a maximum front-end sales load of 4.25%. In fiscal 2025 the fund paid $21K in broker commissions, 0.0021% of average net assets, and portfolio turnover was 151%.
NCRAX Fees and Expenses
Annual operating expenses and sales charges of NCRAX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.79% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.78% |
| Sales charges | |
|---|---|
| Max front load | 4.25% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
NCRAX Costs Over Time
On $10,000 invested in NCRAX, assuming 5% a year before costs, total costs come to $1,013 over 5 years, cutting the return by 1.72% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $425 | $425 | $425 |
| Fund expenses (net expense ratio 0.78%) | $78 | $245 | $426 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $21 | $79 | $160 |
| Total costs | $525 | $750 | $1,013 |
| Value after costs | $9,975 | $10,826 | $11,750 |
| Impact on return, per year | 5.25% | 2.32% | 1.72% |
NCRAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0021%
- Total broker commissions: $21K
- Bought from dealers (principal trades, not a cost): $4.4B
- Portfolio turnover (prospectus): 151%
- Securities lending: none during the year
NCRAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $21K | 100.00% |
NCRAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.2B | 33.47% |
| BofA Securities, Inc. | $511.0M | 14.00% |
| Citigroup Global Markets Inc. | $389.4M | 10.67% |
| J.P. Morgan Securities LLC | $358.8M | 9.83% |
| Goldman Sachs & Co. LLC | $233.9M | 6.41% |
| Barclays Capital Inc. | $211.0M | 5.78% |
| Morgan Stanley & Co. LLC | $190.7M | 5.23% |
| BMO Capital Markets Corp. | $186.1M | 5.10% |
| BNP Paribas Securities Corp. | $184.8M | 5.06% |
| Deutsche Bank Securities Inc. | $162.6M | 4.45% |
Neuberger Berman Core Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| NRCRX | Class R6 | 0.28% | — |
| NCRLX | Institutional Class | 0.38% | none |
| NCRAX | Class A | 0.78% | 4.25% |
| NCRIX | Investor Class | 0.78% | — |
| NCRCX | Class C | 1.53% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.