CLO Income Fund
UCITS Fund | Fixed Income
CLO Income Fund
SFDR Classification | Article 8
Why Invest
CLO Debt Can Offer Economic and Fundamental Advantages
Offering high income, long-only exposure to a portfolio of primarily non-investment grade collateralised loan obligation debt securities with no fund-level leverage
One of the Largest and Longstanding CLO Platforms
Success of the platform has enabled growth but remains nimble, driven by fundamental credit philosophy and long-term returns
Team Depth and Experience
An experienced and dedicated team of fixed income specialists, managing a broad platform of non-investment grade assets
This is a marketing communication in respect of the Neuberger Berman CLO Income 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.
This fund is classified as complex under MIFID II and therefore will not be suitable for all investors. Investors should familiarise themselves with the risks that are associated with the fund as disclosed within the fund prospectus. This fund can accept subscriptions and redemptions on a fortnightly basis, and does not offer daily dealing. Investors should familiarize themselves with the dealing cycle and terms associated with subscriptions and redemptions as disclosed within the prospectus. A calendar for the dealing cycle of the fund can be downloaded at https://www.nb.com/handlers/documents.ashx?id=4bf00e59-6e96-4922-821b-4bc2363d43cb&name=nbif_clo_dealing.pdf.
The dealing deadline for the fund is six business days in advance of the dealing date, therefore investors should familiarise themselves with the risks associated with market movements in the intervening period between dealing cut-off and dealing. The fund may invest in instruments that have long settlement periods, such as primary issue Collateralised Loan Obligation (CLO) securities. The fund’s investments in CLOs will be frequently subordinate in right of payment to other securities sold by the applicable CLO and may not be readily marketable. Depending upon the payment and default rates on the collateral of the CLO, the fund may incur substantial losses on its investments. Accordingly, the mark-to-market value of CLOs may be volatile and the value of the Interests could likewise be volatile.
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.
Joseph P. Lynch
Stephen J. Casey, CFA
Pim van Schie
Joseph Lynch, Managing Director, joined the firm in 2002. Joe is the Global Head of Non-Investment Grade Credit and a Senior Portfolio Manager for Non-Investment Grade Credit focusing on loan portfolios. In addition, he sits on the Credit Committee for Non-Investment Grade Credit and serves on Neuberger Berman’s Partnership Committee. Joe was a founding partner of LightPoint Capital Management LLC, which was acquired by Neuberger Berman in 2007. Prior to joining LightPoint, he was employed at ABN AMRO where he was responsible for structuring highly leveraged transactions. Joe earned a BS from the University of Illinois and an MBA from DePaul University.