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High Yield Bond Fund

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Funds > Fixed Income > High Yield Bond Fund

High Yield Bond Fund

A disciplined credit process led by one of the largest dedicated non-investment grade credit teams

  • Disciplined and repeatable process managed by experienced and stable investment team
  • Three sources of value generation: deteriorating credit avoidance; industry and quality rotation; and relative value analysis
  • Comprehensive credit analysis driven by proprietary “Credit Best Practices” with risk management overlay

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.

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.
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. 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.

Pricing/Performance

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Product Characteristics

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Management Team

Russ Covode
Senior Portfolio Manager
33 Years of Industry Experience
16 Years with Neuberger Berman
Dan Doyle, CFA
Senior Portfolio Manager
37 Years of Industry Experience
8 Years with Neuberger Berman
Christopher Kocinski, CFA
Senior Portfolio Manager
16 Years of Industry Experience
14 Years with Neuberger Berman
Joe Lind
Senior Portfolio Manager
22 Years of Industry Experience
2 Years with Neuberger Berman