Morningstar

Neuberger Berman High Income Bond Instl NHILX

Morningstar Medalist Rating
Medalist Rating as of | See Neuberger Berman Investment Hub
  • NAV / 1-Day Return 7.74  /  +0.02 %
  • Total Assets 629.0 Mil
  • Adj. Expense Ratio
    0.720%
  • Expense Ratio 0.720%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 6.88%
  • Effective Duration 3.44 years

USD | NAV as of Sep 26, 2024 | 1-Day Return as of Sep 26, 2024, 10:17 PM GMT+0

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.

This strategy hasn’t stood out in a crowded field.

Analyst Max Curtin

Max Curtin

Analyst

Summary

The research resources at the disposal of Neuberger Berman High Income’s manager duo are expansive, but this group continues to struggle to add value versus its index or high-yield peers.

by Max Curtin
Rated on Published on

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Portfolio Holdings NHILX

More NHILX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 5.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Ssc Government Mm Gvmxx

1.40 8.6 Mil
Cash and Equivalents

Medline Borrower LP 5.25%

0.89 5.5 Mil
Corporate

Minerva Merger Subordinated Inc. 6.5%

0.50 3.1 Mil
Corporate

TransDigm, Inc. 6.75%

0.50 3.1 Mil
Corporate

Block Inc 6.5%

0.48 2.9 Mil
Corporate

UKG Inc. 6.875%

0.47 2.9 Mil
Corporate

XPO Inc 7.125%

0.46 2.8 Mil
Corporate

CCO Holdings, LLC/ CCO Holdings Capital Corp. 6.375%

0.44 2.7 Mil
Corporate

NRG Energy, Inc. 10.25%

0.44 2.7 Mil
Corporate

Fortress Intermediate 3 Inc. 7.5%

0.44 2.7 Mil
Corporate

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