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Morningstar

Neuberger Berman High Income Bond R3 NHIRX

Morningstar Medalist Rating
Medalist Rating as of | See Neuberger Berman Investment Hub
  • NAV / 1-Day Return 7.21  /  0.06 %
  • Total Assets 708.5 Mil
  • Adj. Expense Ratio
    1.360%
  • Expense Ratio 1.370%
  • Distribution Fee Level High
  • Share Class Type Retirement, Medium
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 5.70%
  • Effective Duration 4.09 years

USD | NAV as of May 26, 2023 | 1-Day Return as of May 26, 2023, 11:46 PM GMT+0

Morningstar’s Analysis NHIRX

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

People Pillar

The People Pillar is our evaluation of the NHIRX 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 NHIRX’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

Unlock our full analysis with Morningstar Investor

Portfolio Holdings NHIRX

More NHIRX Holdings
  • Current Portfolio Date Apr 30, 2023
  • Equity Holdings 0
  • Bond Holdings 477
  • Other Holdings 10
  • % Assets in Top 10 Holdings 7.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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5.05
37,611,291
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AAdvantage Loyalty IP Ltd/ American Airlines Inc 5.5%

1.02
7,613,398
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0.92
6,823,047
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New Fortress Energy Inc. 6.5%

0.85
6,335,313
Corporate

Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer Inc 6.75%

0.84
6,238,537
Corporate

Realogy Group LLC/Realogy Co-Issuer Corp 5.25%

0.75
5,596,721
Corporate

Parexel Intrnl Corprtion 2021 2nd Lien Term Loan

0.73
5,414,200
Corporate

TransDigm, Inc. 6.75%

0.69
5,153,871
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Harvest Midstream I LP 7.5%

0.63
4,690,691
Corporate

Global Infrastructure Solutions Inc. 5.625%

0.61
4,553,520
Corporate