Neuberger Berman Global High Yield Fund

The distribution guidance for the financial year ending 30 June 2025 (FY2025) is 6.25% per annum (net of fees and expenses) based on the net asset value per unit as at the 1st business day of June 2024, which was 1.6172. This equates to a monthly distribution of 0.842 cents per unit. Distributions will continue to be made monthly on or around business day 10 following the end of each calendar month.

The distribution guidance is an estimate only and is not a guarantee. To the extent that current market conditions change or change more quickly than Neuberger Berman currently anticipates, actual distribution amounts for FY2025 may be lower or higher than our current estimate. Please click here for further detail.

Overview

A diversified portfolio investing in high yield bonds of large, liquid global companies to provide consistent monthly income.

Monthly Income

Consistently paid monthly¹

Global Diversification

Actively managed portfolio diversified by region, industries, credit quality and issuers

Investing into a $3.0T, liquid and transparent market²

Large and Experienced Investment Team

50+ investment professionals managing over $49+ billion with over 23 years of track record³

Long Track record of low defaults vs the market

1 Investors should review Section 4 ‘Risks of managed investment schemes’ in the fund’s product disclosure statement.
2 Source: Neuberger Berman. All information as of December 31, 2023, using an USD(US$):AUD($) exchange rate of 1.4655 as at December 31, 2023.
3 AUM data as of December 31, 2023. Employee data as of February 29, 2024. Performance source: Bloomberg and Neuberger Berman. All information of January 31, 2024.

Market Update

Webinar – Manager Market Update

In our latest Market Update video, Joe Lind, Co-Head of US High Yield & Senior Portfolio Manager shared his insights and views on Global High Yield, the outlook for the year ahead and opportunities in the current environment.

Video recorded on 22 October 2024

Webinar – Manager Market Update Presentation

Platforms

Research Ratings

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Documents

External Icon Transition Identification Form - Link

External Icon Online Application Form – Link (Coming Soon)

The Team

Joe Lind, CFA

Co-Head of U.S. High Yield & Senior Portfolio Manager

25 Years of Industry Experience

6 Years with Neuberger Berman

Nish Popat

Senior Portfolio Manager

31 Years of Industry Experience

11 Years with Neuberger Berman

Jennifer Gorgoll

Senior Portfolio Manager

26 Years of Industry Experience

11 Years with Neuberger Berman

Joe Lind, CFA, Co-Head of U.S. High Yield & Senior Portfolio Manager

Joseph Lind, CFA, Managing Director, joined the firm in 2018. Joe is Co-Head of U.S. High Yield and a Senior Portfolio Manager for Non-Investment Grade Credit. In addition, he sits on the Credit Committee for Non-Investment Grade Credit. Joe comes to the firm with more than 20 years of experience, including 12 years at DDJ Capital Management where he served as a portfolio manager in their U.S. High Yield and Opportunistic strategies. Before DDJ, Joe worked for Coast Asset Management, Sierra Capital and The Helios Group. Joe earned a BA from Harvard University and has also been awarded the Chartered Financial Analyst designation.

Nish Popat, Senior Portfolio Manager

Nish Popat, Managing Director, joined the firm in 2013. Nish is a Co-Lead Portfolio Manager on the Emerging Markets Corporate Debt team. Nish joined the firm after working at ING Investment Management, where he was most recently a senior portfolio manager on the Emerging Markets Corporate Debt team. Prior to that role, he was head of fixed income for the Middle East and North Africa. Prior to joining ING, Nish was the head of the fixed income trading desk at NBD Investment Bank running relative value/market-making books in Middle East debt, and before that worked in Saudi Arabia for the Saudi Holland Bank as head of fixed income and derivatives. Nish started his career in London where he held several fixed income positions.

Jennifer Gorgoll, Senior Portfolio Manager

Jennifer Gorgoll, CFA, Managing Director, joined the firm in 2013. Jennifer is a Co-Lead Portfolio Manager on the Emerging Markets Corporate Debt team responsible for global portfolios investing in high grade and high yield emerging market corporate debt across the regions. Jennifer joined the firm after working at ING Investment Management, where she was most recently the head and a senior portfolio manager of the Emerging Markets Corporate Debt team. Before that Jennifer worked in ING’s Private Placement group where she focused on private fixed income investments in emerging market corporates and structured credit. She also spent several years in the Special Asset Group where she was responsible for restructuring distressed assets globally. Prior to joining ING Investment Management, Jennifer worked at Prudential Capital Group specializing in private placements for US-domiciled companies based in the Southeast and before that worked in the Financial Institutions Group at Salomon Brothers Inc. and at Patricof & Co. Capital Corp., a boutique investment bank. Jennifer received an MBA with Honors from Columbia Business School with a concentration in Finance and a BS in Finance and Insurance from The Honors College at the University of South Carolina. Jennifer has been awarded the Chartered Financial Analyst designation.

Simon Matthews

Senior Portfolio Manager

24 Years of Industry Experience

5 Years with Neuberger Berman

Christopher Kocinski, CFA

Co-Head of U.S. High Yield & Senior Portfolio Manager

19 Years of Industry Experience

18 Years with Neuberger Berman

Simon Matthews, Senior Portfolio Manager

Simon Matthews, Managing Director, joined the firm in 2019. Simon is a Senior Portfolio Manager for Non-Investment Grade Credit focusing on Global and European Non-Investment Grade portfolios. In addition, he sits on the Credit Committee for Non-Investment Grade Credit. Previously, he has held roles in Portfolio Management and Investment Research at Standard Bank (ICBC), Citigroup and most recently BlueMountain Capital. Simon graduated from the University of Birmingham as a Bachelor of Mechanical Engineering and is a Chartered Accountant.

Christopher Kocinski, CFA, Co-Head of U.S. High Yield & Senior Portfolio Manager

Chris Kocinski, CFA, Managing Director, joined the firm in 2006. Chris is Co-Head of High Yield and a Senior Portfolio Manager for Non-Investment Grade Credit. In addition, he is also a member of the Credit Committee for Non-Investment Grade Credit. Previously, he was the Co-Director of Non-Investment Grade Credit Research and a Senior Research Analyst with a specific focus on the healthcare and gaming sectors. Chris served on the firm's ESG Advisory Committee from 2014 through 2022 and has been awarded the CFA Institute Certificate in ESG Investing. Prior to joining the firm, he was an investment banking analyst at Bank of America Securities. Chris earned a BA from the University of Chicago and has been awarded the Chartered Financial Analyst designation.