Euro Bond Absolute Return Fund
UCITS Fund | Fixed Income
Euro Bond Absolute Return Fund
SFDR Classification | Article 8
Why Invest
Dynamic Alpha Sources
Aims to offer an attractive return regardless of market conditions through selection of best ideas across our Euro fixed income strategies
Flexible and Liquid
No structural asset bias and a focus on liquid instruments
Experienced and Stable Team
Managed by a team with an average of 18 year’s investment experience supported by a strong in-house global research team
This is a marketing communication in respect of the Neuberger Berman Euro Bond Absolute Return Fund. Please refer to the fund prospectus and offering documents, including the Key Information Document (“KID”) or Key Investor Information Document (“KIID”) as applicable, before making any final investment decisions. Investors should note that by making an investment they will own shares in the fund, and not the underlying assets.
The fund complies with the Sustainable Finance Disclosure Regulation (the “SFDR”) and is classified as an Article 8 SFDR fund. Neuberger Berman believes that Environmental, Social and Governance (“ESG”) factors, like any other factor, should be incorporated in a manner appropriate for the specific asset class, investment objective and style of each investment strategy.
Key Risks
Market Risk: The risk of a change in the value of a position as a result of underlying market factors, including among other things, the overall performance of companies and the market perception of the global economy.
Emerging Markets Risk: Emerging markets are likely to bear higher risk due to a possible lack of adequate financial, legal, social, political and economic structures, protection and stability as well as uncertain tax positions which may lead to lower liquidity. The NAV of the fund may experience medium to high volatility due to lower liquidity and the availability of reliable information, as well as due to the fund's investment policies or portfolio management techniques.
Liquidity Risk: The risk that the fund may be unable to sell an investment readily at its fair market value. In extreme market conditions this can affect the fund’s ability to meet redemption requests upon demand.
Derivatives Risk: The fund is permitted to use certain types of financial derivative instruments (including certain complex instruments). This may increase the fund’s leverage significantly which may cause large variations in the value of your share. Investors should note that the fund may achieve its investment objective by investing principally in Financial Derivative Instruments (FDI). There are certain investment risks that apply in relation to the use of FDI. The fund’s use of FDI can involve significant risks of loss.
Credit Risk: The risk that bond issuers may fail to meet their interest repayments, or repay debt, resulting in temporary or permanent losses to the fund.
Interest Rate Risk: The risk of interest rate movements affecting the value of fixed-rate bonds.
Counterparty Risk: The risk that a counterparty will not fulfil its payment obligation for a trade, contract or other transaction, on the due date.
Operational Risk: The risk of direct or indirect loss resulting from inadequate or failed processes, people and systems including those relating to the safekeeping of assets or from external events.
Currency Risk: Investors who subscribe in a currency other than the base currency of the fund are exposed to currency risk. Fluctuations in exchange rates may affect the return on investment. Where past performance is shown it is based on the share class to which this webpage relates. If the currency of this share class is different from your local currency, then you should be aware that due to exchange rate fluctuations the performance shown may increase or decrease if converted into your local currency.
For full information on the risks please refer to the fund prospectus and offering documents, including the KID or KIID, as applicable.
Morningstar Rating
For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars and the bottom 10% receive one star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a retail mutual fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Ratings are ©2023 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
The ongoing charge figure (incl. management fee) is based on the annual expenses for the period ending 31 December 2023.
The fund’s benchmark name shown here may be abbreviated. Please refer to the supplement for the full benchmark name.
Patrick Barbe
Yanick Loirat, PhD
Patrick Barbe, actuary, Managing Director, joined the firm in 2018. Patrick is the European Fixed Income head and serves as a Senior Portfolio Manager on that asset class. Patrick graduated in Actuarial Studies from the Institut de Science Financière et d'Assurances in Lyon, France (1988). He started his career as a portfolio manager of dedicated mutual funds for a BNP Paribas subsidiary. Then he headed the European Fixed Income at BNP Paribas Asset Management from 1997 to 2018: Patrick has acquired considerable expertise from his long professional experience in credit and fixed income management. As such, he was responsible for defining and piloting the management process and the investment strategy implemented by the management team, and for coordinating the activities of each team member. He also participated in designing and developing the product range.
Yanick Loirat, PhD, Senior Vice President, joined the firm in 2018. Yanick is responsible for Euro sovereign investments and serves as a Senior Portfolio Manager on that asset class. Yanick holds a PhD in Solid State Physics with first class honors from University of Paris XI Orsay. He started his career as a portfolio manager of dedicated mutual funds for BNP Paribas Asset Management and became head of euro sovereign investments in 2012. Yanick runs various portfolio strategies in determining yield curve and duration exposure and country allocation as well as inflation investments. His investment style is a combination of fundamental approach and tactical market analysis. Prior to joining BNP Paribas Asset Management, he worked at Ixis CIB (2002-2006) and at Societe Generale (2000-2002).