Skip to content
Select Your Location
View available investments and insights in your market
Americas
Europe and the Middle East
Asia Pacific

Corporate Hybrid Bond Fund

The content you are trying to access is not available for the global audience.
Funds > Fixed Income > Corporate Hybrid Bond Fund

Corporate Hybrid Bond Fund

A compelling investment opportunity in a rapidly growing market that includes high quality, globally recognisable and stable issuers offering attractive yields.

  • High quality issuers in stable sectors—over 70% investment grade bonds, dominated by businesses with stable cash flows. Largest sectors are Utilities and Telecoms.
  • Quality and Liquid: average rating of strategy is BBB, with focus on large and liquid issues and issuers, with opportunistic use of high yield-rated hybrids.
  • Attractive Yield: corporate hybrid market has a highly attractive yield compared to senior IG bonds and we believe there is room for compression.

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.
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.
Concentration Risk: The fund's investments may be concentrated in a small number of investments and its performance may therefore be more variable than the performance of a more diversified fund.
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.

LEARN MORE ABOUT CORPORATE HYBRID BONDS

Pricing/Performance

Daily Pricing as of --
--
NAV
--
Change
--
% Change

Product Characteristics

As of

Management Team

Julian Marks, CFA
Senior Portfolio Manager
20 Years of industry experience
13 Years with Neuberger Berman
David M. Brown, CFA
Co-Head of Global Investment Grade Fixed Income
29 Years of industry experience
17 Years with Neuberger Berman