NBTR

Issuer

Neuberger Berman

Inception

2024-12-17

Exchange

AMEX

CUSIP

64135A846

Structure

—

Benchmark

—

Leverage

1x

Reset

—

NBTR is actively managed and mainly invests in a mix of USD-denominated debt securities including government bonds, corporate bonds, mortgage-backed securities, and asset-backed securities. The fund can allocate up to 30% of its assets to below-investment-grade instruments. Portfolio managers actively oversee the portfolio and to evaluate securities, they use internally generated research, proprietary tools, and frameworks, considering both the internal and market outlook. They analyze cash flows, the ability to pay principal and interest, balance sheet composition, and market positioning. Financially material ESG factors are also considered, where applicable, to improve credit analysis and relative value analysis. The portfolio seeks to maintain its target average duration within two years of the average duration of the Bloomberg U.S. Aggregate Bond Index. The fund aims to limit its exposure to non-U.S. dollar currencies to 5% of its total assets through hedging strategies. Prior to March 2, 2026 the fund name included the brand Neuberger Berman.

Reported net asset value

$48.01

NAV provider updated

2026-10-30 UTC

Premium / discount

—

Median spread · 30D

—

Average volume · 30D

2.7K

Shares outstanding

—

Options

—

TTM distribution yield

5.6%

30-day SEC yield

—

Frequency

—

Latest ex-date

2026-10-27

Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.

Net expense ratio

0.94%

Gross expense ratio

—

Management fee

—

Annual cost per $10,000

$94.00

Estimated annual expense excludes trading costs and assumes constant assets. Fee waivers and fund costs can change.

Our risk indicator

2/5 · rule-based

Annualized volatility · 1Y

3.73%

Beta vs VOO · 1Y

—

Maximum drawdown · 1Y

▼ −4.4%

Historical risk measures describe past behavior and do not predict future returns.