Neuberger Berman Short Duration Euro Bond Fund EUR I Acc IE00BFZMJT78

Neuberger Berman Short Duration Euro Bond Fund EUR I Acc is an investment fund managed by Neuberger, classified by Morningstar as EUR Diversified Bond - Short Term and domiciled in Ireland. It was launched on 31 October 2018 and manages 3.86bn GBP. Its ongoing charge is 0.25% a year. It accumulates its income (no dividends paid out).

It belongs to the bond family. Bonds cover government and corporate debt. In a portfolio they're usually there for stability rather than return, and they behave nothing like equities.

Stated objective, as published by Financial Times:

The fund seeks to achieve an attractive level of outperformance over the Euro cash return over a period of 1 year irrespective of the market environment by taking exposure to a diversified mix of short-term Euro-denominated fixed and floating rate debt securities. The Manager and the Sub-Investment Manager will aim to achieve the Portfolio’s investment objective through a disciplined investment process investing in Euro-denominated bonds across a variety of sectors and maturities utilising, a combination of top-down and bottom-up strategies to identify multiple sources of value, as described below. Top down strategies focus on macroeconomic considerations, country and sector analysis. Bottom up strategies evaluate the characteristics of individual instruments or issuers.

Financial Times

Two things change the profile a lot: the maturity (a short-term fund is nothing like one holding bonds over 20 years) and whether it carries currency hedging. In unhedged global bonds, the exchange rate can weigh more than the bonds themselves, which is why global bond funds are often sold in a EUR Hedged version.

These are the other products of the same family in the catalogue. Not all of them track exactly the same index: compare the full name, the TER, the currency, whether they accumulate or distribute and where they are listed.

Product	ISIN / Ticker	Type	Market	Currency	Dividends	Ongoing charge (TER)
iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc)	AGGH.MI	ETF	Borsa Italiana	EUR	Accumulating · hedged	n/a
Vanguard Global Aggregate Bond UCITS ETF EUR Hedged (Acc)	VAGF.DE	ETF	Xetra	EUR	Accumulating · hedged	0.08%
iShares $ Treasury Bond 0-1yr UCITS ETF USD (Acc)	IB01.L	ETF	London SE	USD	Accumulating	0.07%
Vanguard Total Bond Market ETF	BND	ETF	NASDAQ	USD	n/a	n/a
iShares Core U.S. Aggregate Bond ETF	AGG	ETF	NYSE Arca	USD	n/a	n/a
iShares 20+ Year Treasury Bond ETF	TLT	ETF	NASDAQ	USD	n/a	n/a
iShares iBoxx $ Investment Grade Corporate Bond ETF	LQD	ETF	NYSE Arca	USD	n/a	n/a
Vanguard Global Bond Index Fund EUR Hedged Acc	IE00B18GC888	Index fund	Fund (not listed)	EUR	Accumulating · hedged	0.15%
Vanguard Euro Government Bond Index Fund Investor EUR Acc	IE0007472115	Index fund	Fund (not listed)	EUR	Accumulating	0.12%
Vanguard Global Short-Term Bond Index Fund Investor EUR Hedged Acc	IE00BH65QK91	Index fund	Fund (not listed)	EUR	Accumulating · hedged	0.15%
Vanguard 20+ Year Euro Treasury Index Fund EUR Acc	IE00B246KL88	Index fund	Fund (not listed)	EUR	Accumulating	0.16%
Vanguard Euro Investment Grade Bond Index Fund Investor EUR Acc	IE00B04FFJ44	Index fund	Fund (not listed)	EUR	Accumulating	0.12%
Amundi Index J.P. Morgan GBI Global Govies AHE-C	LU0389812933	Index fund	Fund (not listed)	EUR	Accumulating · hedged	0.35%
Amundi Core Euro Government Bond AE Acc (formerly Index J.P. Morgan EMU Govies IG AE-C)	LU1050470373	Index fund	Fund (not listed)	EUR	Accumulating	0.35%

Bond funds and ETFs

• Open Neto and go to Investments (a Neto PRO feature).
• Search for the product by ISIN (funds) or by ticker (ETFs).
• Enter your units and your average purchase price.
• The app updates the price and recalculates your net worth on its own.

Everything you add feeds the same number you see on the main screen, so you don't keep one app for spending and another for investments: it's the same picture.

What ongoing charge (TER) does Neuberger Berman Short Duration Euro Bond Fund EUR I Acc have?

According to the Financial Times, 0.25% a year. It is what the product deducts from its own value for running it; you don't pay it separately and it is already reflected in the price you see in Neto.

Does Neuberger Berman Short Duration Euro Bond Fund EUR I Acc accumulate or distribute dividends?

It accumulates: dividends received are reinvested inside the product instead of being paid out. In Neto you see that as a price increase, not as income.

How is Neuberger Berman Short Duration Euro Bond Fund EUR I Acc identified?

By its ISIN, IE00BFZMJT78. Funds are not exchange-listed: they have a daily net asset value published by the manager. In Neto you add it by that ISIN and the price updates on its own.

Can I track Neuberger Berman Short Duration Euro Bond Fund EUR I Acc in Neto?

Yes. Add it by its ISIN, enter your units and average price, and the app keeps the value up to date and adds it to your net worth, next to your accounts, savings and debts. No broker connection.