Neuberger Berman High Income Bond Fund Institutional Class (NHILX)

8.90
Net Asset Value
+0.23%
1 Day
-5.12%
Year-to-Date
Overall Morningstar Rating
High yield bond
Style or Category
No Load
Sales Expenses
0.70%
Expense Ratio
Above Average
Morningstar Risk Rating™
Investment Objective The investment seeks high total return consistent with capital preservation. The fund normally invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in High-Yield Bonds. It normally expects to have a weighted averaged maturity between five and ten years. The fund does not normally invest in or continue to hold securities that are in default or have defaulted with respect to the payment of interest or repayment of principal, but may do so depending on market conditions. It may invest in securities whose ratings imply an imminent risk of default with respect to such payments.

Performance

1 month-1.58% 3 years+7.94%
3 months-2.92% 5 years+8.19%
1 year+0.94% Since inception+12.07%
Data through --

Peer Comparisonvs. High yield bond

 NHILXCategory
Performance 5-yr return+8.19%+9.39%
Expense ratio0.70%1.13%
Risk 5 year sharpe ratio1.291.39
Net assets$3.5B$1.5B
Average market cap--$11.0B
Average P/E--18.7
Portfolio turnover80%80%

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Fund Management and Purchase Info

Fund familyNeuberger Berman
Fund manager & tenureAnn Benjamin / 9 Years
Minimal initial investment$1,000,000.00
Minimum IRA investment--

Holdings

Fixed income96.33%
Cash3.67%
U.S. stock0.00%
International stock0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- Berry Plastics 9.75%1.50%
-- First Data 12.625%1.36%
-- Everest Acq Llc/Finance 9.375%1.26%
-- Reynolds Grp Issuer 9.875%1.09%
-- Linn Engy 6.25%1.00%
-- Newfield Expl 5.75%1.00%
-- Vpi Escrow 144A 6.375%0.99%
-- Ally Finl 8%0.90%
-- Iasis Cap Llc / Iasis Cap 8.375%0.87%
-- Sallie Mae 4.875%0.86%

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