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China Bond Fund

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Funds > Fixed Income > China Bond Fund

China Bond Fund

Provides exposure to opportunities in China via onshore local bonds

  • Seeks to add value through interest rate positioning and credit exposures by investing in a diversified set of Renminbi denominated debt instruments
  • Ability to invest opportunistically in RMB offshore instruments, as well as hard currency denominated debt from Chinese issuers
  • Highly experienced global team—pioneers in emerging markets debt investing.

Update on Russian Investments in Fixed Income Portfolios

Neuberger Berman stands with the people of Ukraine and those who are supporting the refugees of this tragedy. Across Neuberger Berman, we have very limited exposure to Russian investments. While we generally prefer engagement to blanket divestment, given current circumstances, we will not invest directly in Russian securities or assets, and we will eliminate our very modest remaining exposures as we are able.

Additional information about the specific exposure for the Neuberger Berman UCITS Funds is available here.


This is a marketing communication in respect of the Neuberger Berman China Bond Fund. Please refer to the prospectus of the fund and to the KIID 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 fully complies with the Sustainable Finance Disclosure Regulation (the “SFDR”) and is classified as an Article 8 SFDR fund. Neuberger Berman take sustainability and the promotion of Environmental, Social, Governance (“ESG”) very seriously and incorporates them into our investment process. For more information on sustainability-related aspects pursuant to SFDR please visit ESG Investing section on www.nb.com/europe. When making the decision to invest in the fund, investors should take into account all the characteristics or objectives of the promoted fund as described in the legal documents.

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.
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.
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.
Interest Rate Risk: The risk of interest rate movements affecting the value of fixed-rate bonds.
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.
Single Country Risk: Where a Fund invests primarily in a single country, it may be subject to greater risk and above average market volatility than an investment in a broader range of securities covering multiple countries.
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.
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.
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. The past performance shown is based on the fund and is not specific to the share class. If the currency of the fund 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.

RISK AND REWARD PROFILE

    For I Acc USD Unhedged

For full information on the risks please refer to the fund prospectus and KIID

For full information on the risks please refer to the fund prospectus and KIID

    For I Dist CNY

For full information on the risks please refer to the fund prospectus and KIID

For full information on the risks please refer to the fund prospectus and KIID

For full information on the risks please refer to the fund prospectus and KIID.


PAST PERFORMANCE DOES NOT PREDICT FUTURE RETURNS

Fund performance is representative of the share class specified in the Fund Facts section and has been calculated to account for the deduction of fees. Fund performance does not take account of any commission or costs incurred by investors when subscribing for or redeeming shares. Investors who subscribe in a currency other than the base currency of the Fund should note that returns may increase or decrease as a result of currency fluctuations. The fees and charges paid by the Fund will reduce the return on your investment. Where a benchmark is shown, the benchmark shown is provided in the base currency of the fund and therefore may not be a fair representative comparison to the hedged share classes denominated in other currencies. The difference in the currency exposure and currency fluctuations in an unhedged benchmark may cause an unintended differential in any performance or risk comparison. The Fund is actively managed, which means that the investments are selected at the discretion of the investment manager. The Fund is not constrained by its benchmark, which is used for comparison purposes only.

Pricing/Performance

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Product Characteristics

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Literature

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April 11, 2022
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Management Team

Rob Drijkoningen
Co-Head of Emerging Markets Debt
32 Years of Industry Experience
9 Years with Neuberger Berman
Gorky Urquieta
Co-Head of Emerging Markets Debt
28 Years of Industry Experience
9 Years with Neuberger Berman
Peter Ru
China Fixed Income Strategy Leader
28 Years of Industry Experience
4 Years with Neuberger Berman