Skip to Content
Morningstar

Neuberger Berman Floating Rate Inc C NFICX

Morningstar Medalist Rating
Medalist Rating as of | See Neuberger Berman Investment Hub
  • NAV / 1-Day Return 9.33  /  0.09 %
  • Total Assets 451.7 Mil
  • Adj. Expense Ratio
    1.730%
  • Expense Ratio 1.730%
  • Distribution Fee Level Below Average
  • Share Class Type Level Load
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 7.39%
  • Effective Duration 0.40 years

USD | NAV as of Sep 28, 2023 | 1-Day Return as of Sep 28, 2023, 10:21 PM GMT+0

Morningstar’s Analysis NFICX

Will NFICX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable NFICX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the NFICX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of NFICX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of a middling Process Pillar rating and a Below Average People Pillar rating limit Neuberger Berman Floating Rate Inc C to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

by Morningstar Manager Research
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings NFICX

More NFICX Holdings
  • Current Portfolio Date
  • Equity Holdings 4
  • Bond Holdings 390
  • Other Holdings 3
  • % Assets in Top 10 Holdings 6.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

State Street Instl US Govt MMkt Premier

8.25
38,332,288
Cash and Equivalents

GVC HOLDINGS (GIBRALTAR) LTD 2022 TERM LOAN B

0.74
3,456,966
Corporate

GREAT OUTDOORS GROUP LLC 2021 TERM LOAN B1

0.69
3,217,888
Corporate

MEDLINE BORROWER, LP USD TERM LOAN B

0.68
3,170,252
Corporate

MCAFEE LLC 2022 USD TERM LOAN B

0.63
2,945,134
Corporate

ATHENAHEALTH INC 2022 TERM LOAN B

0.63
2,927,387
Corporate

Air Canada 2021 Term Loan B

0.62
2,860,311
Corporate

CQP HOLDCO LP 2021 TERM LOAN B

0.59
2,740,435
Corporate

AMENTUM GOVT SERVICES HLDGS 2022 TERM LOAN

0.58
2,702,495
Corporate

Ineos Quattro Holdings Uk Ltd 2023 Usd Term Loan

0.55
2,563,875
Corporate