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Morningstar

Neuberger Berman Floating Rate Inc I NFIIX

Morningstar Medalist Rating
Medalist Rating as of | See Neuberger Berman Investment Hub
  • NAV / 1-Day Return 9.42  /  +0.03 %
  • Total Assets 440.1 Mil
  • Adj. Expense Ratio
    0.610%
  • Expense Ratio 0.610%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 8.68%
  • Effective Duration 0.38 years

USD | NAV as of Apr 25, 2024 | 1-Day Return as of Apr 25, 2024, 12:01 AM GMT+0

Morningstar’s Analysis NFIIX

Will NFIIX 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 NFIIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the NFIIX 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 NFIIX’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 I to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the least expensive fee quintile among peers.

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Portfolio Holdings NFIIX

More NFIIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 5.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

State Street Instl US Govt MMkt Premier

7.28 33.3 Mil
Cash and Equivalents

ATHENAHEALTH INC 2022 TERM LOAN B

0.63 2.9 Mil
Corporate

Medline Borrower Lp 2024 Term Loan B

0.62 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

ALLIED UNIVERSAL HOLDCO LLC 2021 USD TERM LOAN

0.58 2.7 Mil
Corporate

Nouryon Finance B V 2023 Usd Term Loan

0.55 2.5 Mil
Corporate

DUN BRADSTREET CORPORATION THE 2024 TERM LOAN B

0.53 2.4 Mil
Corporate

LIGHTSTONE HOLDCO LLC 2022 EXTENDED TERM LOAN B

0.53 2.4 Mil
Corporate

CENTRAL PARENT INC 2023 TERM LOAN B

0.52 2.4 Mil
Corporate