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Neuberger Berman High Income Bond Instl NHILX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
8.81  /  0.10 %
Total Assets
1.6 Bil
Adj. Expense Ratio
0.700%
Expense Ratio
0.700%
Fee Level
Average
Longest Manager Tenure
10.41 years
Category
High Yield Bond
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
1,000,000
Status
Open
TTM Yield
4.86%
Effective Duration
3.33 years

USD | NAV as of Jul 27, 2021 | 1-Day Return as of Jul 27, 2021, 10:05 PM GMT+00:00

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Morningstar’s Analysis

Will NHILX outperform in future?

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

Process Pillar

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

People Pillar

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The People Pillar is our evaluation of the NHILX 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

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

Signs of improvement, but it still lacks a clear edge.

Analyst

Summary

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Neuberger Berman High Income Bond sports a deep and experienced team, but its process lacks a clear advantage over its high-yield bond Morningstar Category peers, leading to a Morningstar Analyst Rating of Neutral on its cheaper share classes. Its most expensive share class is rated Negative.

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