Fact sheet: NB Gbl Bd Absolute Rtn

Fund information
Fund name
NB Global Bond Absolute Return C2 Acc USD
Fund manager company
Neuberger Berman Europe Ltd
Fund type
No data available.
Fund managers
  • Andrew A. Johnsonsince 24/09/2013
  • Jon Jonssonsince 24/09/2013
Fund objective
To achieve over a full market cycle a return in excess of +4% above the Bank of America Merrill Lynch 3-Month Treasury Bill Index (USD total return gross of fees). It aims to achieve this return by investing in long and short positions in sovereign and corporate bonds (debt securities) worldwide. Investments may be in both investment grade and high yield bonds. Investment grade refers to sovereign and corporate issuers a with higher credit rating. High yield bonds have a lower credit rating because they carry a higher risk of not being paid back and typically offer a higher income to make them attractive to investors. Investments may be in developed and emerging market economies and may be denominated in local currencies.
Benchmark
  • Bank of America Merrill Lynch 3-Month treasury bill
Investment style
Absolute Return,Active
Investment method
Fixed Interest
Quick stats
1 Year return
0.5%
1 Year rank in sector
61/131
Sector
FO Absolute Return
Yield
-
Fund size
£66m (£107m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
80
Top in this sector
Fund name1 Year
SW Mitchell Emerging European16.7%
Pioneer SICV-AbsRetBd16.1%
Pictet Scv II Dyn Ass Alloc11.2%
Orbis Optimal SA9.3%
Polar Capital UK Abs Eq9%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

  • No data available.
  • Mortgage & Secured Bonds22.1%
    Investment Grade Bonds14.4%
    High Yield Bond11.1%
    Government Index Linked9.8%
    Others5.1%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.5%0.2%1.6%0.5%--
Sector0%-0.5%0.6%0%2.7%9.8%
Rank within sector44 / 14056 / 14039 / 13861 / 131--
Quartile2nd2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund0.6%-2.9%---
Sector0.3%0.7%1.2%3.6%3.9%
Rank within sector60 / 13194 / 115---
Quartile2nd4th
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
-
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
-
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
-
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
-
Price movement
52 week high9.58
52 week low8.8
Current bid price-
Current offer price-
Current mid price9.59
Region
No data available.
Industry sector
1Mortgage & Secured Bonds22.13%
2Investment Grade Bonds14.37%
3High Yield Bond11.12%
4Government Index Linked9.84%
5Others5.05%
6Money Market4.63%
7Debt-5.27%
8Government Bonds-58.96%
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
Neuberger Berman
Fund manager company
Neuberger Berman Europe Ltd
Fund type
No data available.
Fund objective
To achieve over a full market cycle a return in excess of +4% above the Bank of America Merrill Lynch 3-Month Treasury Bill Index (USD total return gross of fees). It aims to achieve this return by investing in long and short positions in sovereign and corporate bonds (debt securities) worldwide. Investments may be in both investment grade and high yield bonds. Investment grade refers to sovereign and corporate issuers a with higher credit rating. High yield bonds have a lower credit rating because they carry a higher risk of not being paid back and typically offer a higher income to make them attractive to investors. Investments may be in developed and emerging market economies and may be denominated in local currencies.
Benchmark
  • Bank of America Merrill Lynch 3-Month treasury bill
Investment style
Absolute Return,Active
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Andrew A. Johnson24/09/2013
Jon Jonsson24/09/2013Jon B. Jonsson joined JPMorgan in 1998. He is the head of Portfolio Management and lead portfolio manager for London short-term and London broad-market strategies, working with both the Macro and sector teams to deliver account-specific portfolio strategy. Jon's team is responsible for the portfolio management of broad market, short duration and enhanced cash strategies. Previously, he was a senior quantitative analyst responsible for preparing reports on relative value, conceiving and analyzing trade ideas, and designing analytical models supporting portfolio management strategies and decisions Education: B.S., Applied Mathematics, University of Iceland M.S., Financial Engineering, New York University's Stern School of Business
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
NB Global Bond Absolute Return A Acc USD
Initial charge5%
Annual charge1%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price9.86
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKNVW
NB Global Bond Absolute Return A Monthly Dis SGD
Initial charge-
Annual charge-
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price18.56
CurrencySGD
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKWZC
NB Global Bond Absolute Return A Monthly Dis USD
Initial charge-
Annual charge-
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.15
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKWZD
NB Global Bond Absolute Return C2 Acc RMB
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.82
CurrencyCNH
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKNVR
NB Global Bond Absolute Return C2 Acc USD
Initial charge2.5%
Annual charge1.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.59
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKNVS
NB Global Bond Absolute Return I
Initial charge-
Annual charge0.5%
Min single investment£2,500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.7%
Bid price-
Offer price-
Mid price10.38
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJSBR
NB Global Bond Absolute Return I Acc EUR
Initial charge-
Annual charge0.5%
Min single investment£2,500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.7%
Bid price-
Offer price-
Mid price10.07
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKZ0F
NB Global Bond Absolute Return I Inc GBP
Initial charge-
Annual charge0.5%
Min single investment£2,500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.47
CurrencyGBP
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKZ0G
NB Global Bond Absolute Return I JPY
Initial charge-
Annual charge0.5%
Min single investment£250,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1004.49
CurrencyJPY
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM0IN
NB Global Bond Absolute Return I2
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.41
CurrencyGBP
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJSBQ
NB Global Bond Absolute Return I4 Acc EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.11
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKZ0H
NB Global Bond Absolute Return I4 Acc GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.14
CurrencyGBP
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKNVT
NB Global Bond Absolute Return I4 Acc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.13
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKZ0J
NB Global Bond Absolute Return I4 Inc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.49
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKZ0K
NB Global Bond Absolute Return I5 Acc GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.05
CurrencyGBP
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKQMR
NB Global Bond Absolute Return I5 Dis GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.25
CurrencyGBP
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKNVU
NB Global Bond Absolute Return M Acc EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.43
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMY9Q
NB Global Bond Absolute Return T Acc RMB
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price105.55
CurrencyCNH
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKNVQ
NB Global Bond Absolute Return T Acc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.84
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKNVP
NB Global Bond Absolute Return Z Acc GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.11
CurrencyGBP
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKNVV
NB Global Bond Absolute Return Z Acc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.23
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKNVM
Data provided by

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