NERAX — Neuberger Berman Emerging Markets Debt Fund
Data updated: 2025-09-24
NERAX — Neuberger Berman Emerging Markets Debt Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Intermediate Total / Aggregate Bond · $100.89M AUM · 1.16% expense ratio · 12.9% 1-yr return. From SEC regulatory filings.
NERAX Fund Overview
NERAX — Neuberger Berman Emerging Markets Debt Fund is a US mutual fund managed by Neuberger Berman Income Funds, categorised as Intermediate Total / Aggregate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Neuberger Berman Income Funds
- Category: Intermediate Total / Aggregate Bond
- Assets under management: $100.89M
- 1-year return: 12.9%
- Ticker: NERAX
- SEC CIK: 0000723620
- SEC series ID: S000041689
- Share class ID: C000129447
NERAX Holdings
Top 10 holdings of Neuberger Berman Emerging Markets Debt Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| State Street Global Advisors | 3.70% |
| Republic of South Africa | 2.34% |
| Indonesia Government | 1.43% |
| Turkiye Government Bond | 1.30% |
| Mex Bonos Desarr Fix Rt | 1.28% |
| Republic of South Africa | 1.17% |
| Poland Government Bond | 0.99% |
| Nota Do Tesouro Nacional | 0.97% |
| Indonesia Government | 0.96% |
| Bonos Tesoreria Pesos | 0.94% |
NERAX Portfolio Allocation
Asset-class allocation of Neuberger Berman Emerging Markets Debt Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 85.7% |
| Cash & Equivalents | 3.7% |
NERAX Performance
Total returns for NERAX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 12.9% |
| 3 years (annualised) | 8.9% |
| 5 years (annualised) | 2.2% |
NERAX Risk Information
Risk metrics for NERAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 6.2%
NERAX Costs and Fees
NERAX costs about $116 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.16%
- Gross expense ratio: 1.45%
- Portfolio turnover: 60%
- Brokerage commissions: 0.09 bps of average net assets (SEC N-CEN)
NERAX Cashflows
Over the 12 months to 2025-07, Neuberger Berman Emerging Markets Debt Fund had net outflows of $56.91M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-07 | −$4.92M |
| 2025-06 | −$1.89M |
| 2025-05 | −$7.89M |
| 2025-04 | −$13.04M |
| 2025-03 | −$13.45M |
| 2025-02 | −$3.17M |
NERAX Debt Constituents
Largest debt holdings of Neuberger Berman Emerging Markets Debt Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Republic of South Africa | 2.34% |
| Indonesia Government | 1.43% |
| Turkiye Government Bond | 1.30% |
| Mex Bonos Desarr Fix Rt | 1.28% |
| Republic of South Africa | 1.17% |
| Poland Government Bond | 0.99% |
| Nota Do Tesouro Nacional | 0.97% |
| Indonesia Government | 0.96% |
| Bonos Tesoreria Pesos | 0.94% |
| Nota Do Tesouro Nacional | 0.92% |
NERAX Prospectus and SEC Filings
Official Neuberger Berman Emerging Markets Debt Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Intermediate Total / Aggregate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.