Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.
Neuberger Berman Floating Rate Inc A NFIAX
- NAV / 1-Day Return 9.43 / +0.09 %
- Total Assets 438.5 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.980%
- Distribution Fee Level Below Average
- Share Class Type Front Load
- Category Bank Loan
- Credit Quality / Interest Rate Sensitivity Low/Limited
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 8.32%
- Effective Duration 0.38 years
USD | NAV as of Mar 28, 2024 | 1-Day Return as of Mar 28, 2024, 11:58 PM GMT+0
Morningstar’s Analysis NFIAX
Will NFIAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 7.0
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
State Street Instl US Govt MMkt Premier | 5.89 | 27.1 Mil | Cash and Equivalents |
SPDR Blackstone Senior Loan ETF | 1.44 | 6.6 Mil | — |
ATHENAHEALTH INC 2022 TERM LOAN B | 0.74 | 3.4 Mil | Corporate |
ALLIED UNIVERSAL HOLDCO LLC 2021 USD TERM LOAN | 0.69 | 3.2 Mil | Corporate |
MEDLINE BORROWER, LP USD TERM LOAN B | 0.69 | 3.2 Mil | Corporate |
BLACKSTONE MORTGAGE TRUST INC TREM LOAN B | 0.61 | 2.8 Mil | Corporate |
GTCR W MERGER SUB LLC USD TERM LOAN B | 0.60 | 2.8 Mil | Corporate |
MCAFEE LLC 2022 USD TERM LOAN B | 0.60 | 2.7 Mil | Corporate |
Ukg, Inc, 2024 Term Loan B | 0.59 | 2.7 Mil | Corporate |
Altice France S.A 0% | 0.55 | 2.5 Mil | Corporate |