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Global High Yield SDG Engagement Fund

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Global High Yield SDG Engagement Fund

UCITS Fund | Fixed Income

Global High Yield SDG Engagement Fund

SFDR Classification | Article 8

Overview
A disciplined credit process investing in global high yield fixed income securities that support better alignment with the United Nations Sustainable Development Goals (“UN SDGs”).

Why Invest

Highly Attractive Investment Opportunity

Competitive yield profile, strong track record and expansive opportunity set

Systematic Engagement with Issuers

Seeks to contribute towards the achievement of the UN SDGs by engaging directly with all corporate issuers in the fund, with the aim of having a positive outcome on the environment and/or society

Deeply Experienced Global Investment Team and ESG Expertise

Portfolio managers are supported by a team of experienced investment professionals and collaborate with our dedicated ESG Investing Team, Global Fixed platform and broader firm resources

This is a marketing communication in respect of the Neuberger Berman Global High Yield SDG Engagement 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.

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.

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.

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.

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.

Sustainable Risk: The fund may focus on investments in companies that relate to certain sustainable development themes and demonstrate adherence to environmental, social and corporate governance practices. This may mean the universe of securities from which the Fund can invest in may be smaller than that of other funds and may underperform the market as a result.

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.

Performance and Exposures
ESG
Fund Facts

The ongoing charge figure (incl. management fee) is based on the annual expenses for the period ending 31 December 2023. A performance fee equal to the figure shown in the table above may be payable in accordance with the methodology described in the supplement. Please see the "Fees and Expenses" section of the supplement for more detail.

The fund’s benchmark name shown here may be abbreviated. Please refer to the supplement for the full benchmark name.

Portfolio Management Team
Christopher Kocinski, CFA
Co-Head of U.S. High Yield & Senior Portfolio Manager
19 Years of Industry Experience
17 Years with Neuberger Berman
Joe Lind, CFA
Co-Head of U.S. High Yield & Senior Portfolio Manager
25 Years of Industry Experience
5 Years with Neuberger Berman
Jennifer Gorgoll
Senior Portfolio Manager
26 Years of Industry Experience
11 Years with Neuberger Berman
Simon Matthews
Senior Portfolio Manager
23 Years of Industry Experience
5 Years with Neuberger Berman
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.
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.
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
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.
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