Fact sheet: NB GlbRateIncFdLtd

Fund information
Fund name
NB Global Floating Rate Income Red Ord USD
Fund manager company
Neuberger Berman
Fund type
Investment Trust
Fund managers
  • Martin Rotheramsince 19/04/2011
  • Stephen Caseysince 19/04/2011
  • Dan Doylesince 30/04/2014
  • Joseph Lynchsince 19/04/2011
Fund objective
The Neuberger Berman Global Floating Rate Income Fund Limited targets income generation whilst seeking to preserve investors’ capital and give protection against rising interest rates. The Fund’s managers seek to generate this yield by investing in a global portfolio of below investment grade senior secured corporate loans with selective use of senior secured bonds, diversified by both borrower and industry. The Fund is managed by four experienced Portfolio Managers backed by what we believe to be one of the largest and most experienced credit teams in the industry
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
None
Quick stats
1 Year return
9.1%
1 Year rank in sector
5/21
Sector
IT Debt
Yield
4.3%
Fund size
£978m
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.
82
Mid price
0.97
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
+0.00
Top in this sector
Fund name1 Year
Duet Real Estate Fin Ltd575.4%
Volta Finance Limited17.3%
Fair Oaks Income Fund Ltd12.2%
Blackstone/GSO Loan Fin Ltd10.8%
NB GlbRateIncFdLtd9.1%
...more in IT Debt

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.5%1.5%5.6%9.1%3.1%26.2%
Sector-2.1%1.2%8%9.2%8.4%12.6%
Rank within sector17 / 2412 / 2412 / 225 / 219 / 114 / 5
Quartile3rd2nd3rd1st4th4th
Calendar performance
 YTD - 20162015201420132012
Fund10.3%-4.4%-3.1%9.4%14.1%
Sector9%-2.6%2.4%9.2%-4.2%
Rank within sector3 / 2210 / 1511 / 114 / 73 / 5
Quartile1st3rd4th3rd3rd
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.
-2.08
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.
1.21
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.
-0
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%.
9.39
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.
7.53
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.
-0.23
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.
0.36
Price movement
52 week high0.98
52 week low0.83
Current bid price0.97
Current offer price0.97
Current mid price0.97
Region
1International100%
Industry sector
1Debt96.77%
2Fixed Interest3.23%
Asset type
1Global Fixed Interest100%
Individual holdings
No data available.
Management
Fund manager group
Neuberger Berman
Fund manager company
Neuberger Berman
Fund type
Investment Trust
Fund objective
The Neuberger Berman Global Floating Rate Income Fund Limited targets income generation whilst seeking to preserve investors’ capital and give protection against rising interest rates. The Fund’s managers seek to generate this yield by investing in a global portfolio of below investment grade senior secured corporate loans with selective use of senior secured bonds, diversified by both borrower and industry. The Fund is managed by four experienced Portfolio Managers backed by what we believe to be one of the largest and most experienced credit teams in the industry
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
None
Fund managers
NameSinceBiography
Martin Rotheram19/04/2011Martin Rotheram, Senior Vice President, joined the firm in 2006. Martin is part of the London Leveraged Asset Management team and focuses on European Credit Research. Prior to joining the firm, he was a director of acquisition finance at CIC, a manager of corporate finance at Sumitomo Trust & Banking and held various positions at Arbuthnot Latham Private Bank and National Westminster Bank. Martin is an associate of the Chartered Institute of Bankers and holds the Investment Management Certificate.
Stephen Casey19/04/2011Stephen J. Casey, CFA, Managing Director, joined the firm in 2002. Stephen is a Portfolio Manager for Non-Investment Grade Credit focusing on loan portfolios. In addition, he sits on the Credit Committee for high yield bonds and bank loans. Stephen was a founding partner of LightPoint Capital Management LLC, which was acquired by Neuberger Berman in 2007. Prior to joining LightPoint, he was employed at ABN AMRO where he was responsible for structuring highly leveraged transactions. Stephen received a BS from Indiana University an MS from the Illinois Institute of Technology and has been awarded the Chartered Financial Analyst designation.
Dan Doyle30/04/2014Mr. Doyle, a veteran portfolio manager, is a member of Neuberger Berman's credit committee for high yield bonds and bank loans. He joins co-portfolio managers Ann Benjamin, chief investment officer for non-investment grade credit, Tom O'Reilly, CFA, and Russ Covode. Mr. Doyle joined Neuberger Berman in 2012 from Sun Trust Robinson Humphrey, where he was a managing director specializing in high yield sales. Earlier, he served as a portfolio manager at Henderson Global Investors, ING Investment Management and Zurich Scudder Investments. He began his career at the Federal Reserve Bank of Chicago, having earned a BS from Northern Illinois University and an MBA from the University of Chicago.
Joseph Lynch19/04/2011"Joseph P. Lynch, Managing Director, joined the firm in 2002. Joe’s responsibilities include bank loan portfolio management of separate accounts, mutual funds and collateralized loan obligations. Joe was a founding partner of LightPoint Capital Management LLC, which was acquired by Neuberger Berman in 2007. Prior to joining LightPoint, he was employed at ABN AMRO where he was responsible for structuring highly leveraged transactions. Joe earned a BS from the University of Illinois and an MBA from DePaul University. "
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
Guernsey, Offshore
NB Global Floating Rate Income Red Ord 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 price97.11
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNJPV
NB Global Floating Rate Income Red Ord 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 price97.96
CurrencyUSD
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeNJKF
Data provided by

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