Advertisement
Skip to Content
Morningstar

Neuberger Berman High Income Bond Instl NHILX

Morningstar Analyst Rating
Analyst rating as of | See Neuberger Berman Investment Hub
  • NAV / 1-Day Return 7.58  /  0.47 %
  • Total Assets 812.5 Mil
  • Adj. Expense Ratio
    0.710%
  • Expense Ratio 0.690%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 6.01%
  • Effective Duration 4.31 years

USD | NAV as of Feb 04, 2023 | 1-Day Return as of Feb 04, 2023, 12:51 AM GMT+00:00

Morningstar’s Analysis NHILX

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

People Pillar

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

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

Continued management change is a concern.

Senior Analyst

Summary

| by Mike Mulach

Neuberger Berman High Income has suffered from excessive management turnover, and its process doesn’t stand out. It earns Morningstar Analyst Ratings of Neutral on its cheaper share classes, while its more-expensive classes are rated Negative.

Unlock our full analysis with Morningstar Investor