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Morningstar

Neuberger Berman High Income Bond Inv NHINX

Morningstar Medalist Rating
Medalist Rating as of | See Neuberger Berman Investment Hub
  • NAV / 1-Day Return 7.23  /  0.18 %
  • Total Assets 722.4 Mil
  • Adj. Expense Ratio
    0.880%
  • Expense Ratio 0.880%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 2,000
  • Status Limited
  • TTM Yield 6.63%
  • Effective Duration 3.90 years

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 11:53 PM GMT+0

Morningstar’s Analysis NHINX

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

People Pillar

The People Pillar is our evaluation of the NHINX 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 NHINX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A stabilizing duo looks to get this value-driven approach on track.

Associate Analyst Max Curtin

Max Curtin

Associate Analyst

Summary

Neuberger Berman High Income’s stabilizing leadership is encouraging, but this newer team hasn’t demonstrated its value-conscious focus holds weight versus its index or high-yield peers, supporting Morningstar Analyst Ratings of Neutral and Negative, depending on fees.

by Max Curtin
Rated on Published on

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Portfolio Holdings NHINX

More NHINX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 508
  • Other Holdings 8
  • % Assets in Top 10 Holdings 7.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Ssc Government Mm Gvmxx

2.45
17,889,017
Cash and Equivalents

AAdvantage Loyalty IP Ltd/ American Airlines Inc 5.75%

0.99
7,230,239
Corporate

New Fortress Energy Inc. 6.5%

0.88
6,395,116
Corporate

AAdvantage Loyalty IP Ltd/ American Airlines Inc 5.5%

0.78
5,665,114
Corporate

Parexel Intrnl Corprtion 2021 2nd Lien Term Loan

0.74
5,443,625
Corporate

TransDigm, Inc. 6.75%

0.70
5,092,791
Corporate

Carnival Holdings Bermuda Ltd. 10.375%

0.68
4,959,384
Corporate

First Quantum Minerals Ltd. 8.625%

0.63
4,568,805
Corporate

HUB International Ltd. 7.25%

0.60
4,402,374
Corporate

Presidio Holdings Inc. 8.25%

0.60
4,398,226
Corporate