Fact sheet: NB Gbl Bd Absolute Rtn

Fund information

Fund name
NB Global Bond Absolute Return C2 Acc USD
Fund company manager
Neuberger Berman Europe Ltd
Fund type
SIB
Fund manager
Jon Jonsson
since 25/09/2013
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

3.49 %

1 Year rank in sector

51/138

Sector

FO Absolute Return

Yield
-
Fund size

£ 54.8 m

FE Risk score

85

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Mortgage & Secured Bonds
    23.95%
  • Investment Grade Bonds
    17.12%
  • Government Index Linked
    11.3%
  • Money Market
    8.67%
  • Others
    2.49%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.51 %0.62 %3.49 %-2.69 %0 %
Sector0.25 %1.12 %2.5 %3.18 %9.49 %
Rank within sector56 / 15490 / 15151 / 13880 / 98 /
Quartile th2 nd3 rd2 nd4 th th

Calendar performance

YTD-20172016201520142013
Fund2.09 %0.84 %-2.86 %0 %0 %
Sector2.28 %0.66 %0.69 %1.2 %3.58 %
Rank within sector77 / 14662 / 12991 / 111 / /
Quartile th3 rd2 nd4 th th th

Risk statistics

Alpha-2.6
Beta1.56
Sharpe-0
Volatility4.59
Tracking error3.77
Information ratio-0.55
R-Squared0.37

Price movement

52 week high9.79
52 week low9.42
Current bid price0
Current offer price0
Current mid price9.78

Holdings by region

-

Holdings by sector

  • 23.95% Mortgage & Secured Bonds
  • 17.12% Investment Grade Bonds
  • 11.3% Government Index Linked
  • 8.67% Money Market
  • 2.49% Others
  • -6.36% High Yield Bond
  • -7.29% Debt
  • -96.37% Government Bonds

Holdings by asset type

-

Individual holdings

-