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Sustainable Emerging Markets Debt Hard Currency Fund

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Funds > Fixed Income > Sustainable Emerging Markets Debt Hard Currency Fund

Sustainable Emerging Markets Debt Hard Currency Fund

Seeks to invest in hard currency emerging market fixed income opportunities with a strong sustainability profile

  • Early investors in EMD, senior portfolio managers have been working together since 2000
  • Diversified portfolio of EMD sovereign and corporate bonds issued in major currencies with a strong ESG focus
  • Robust sovereign research process with proprietary coverage of over 100 emerging markets countries by our stable, well-resourced investment team
  • Combines top-down asset class analysis with a bottom-up country, issuer and FX review to seek out attractive relative value
  • Sustainability approach focused primarily on climate transition risks and progress towards achieving the United Nations Sustainable Development Goals

This is a marketing communication in respect of the Neuberger Berman Sustainable Emerging Markets Debt Hard Currency 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 9 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.
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 portfolio
Liquidity Risk: The risk that the portfolio may be unable to sell an investment readily at its fair market value. In extreme market conditions this can affect the strategy’s ability to meet redemption requests upon demand.
Interest Rate Risk: The risk of interest rate movements affecting the value of fixed-rate bonds.
Derivatives Risk: The strategy may use certain types of financial derivative instruments (including certain complex instruments). This may increase the portfolio’s leverage significantly which may cause large variations in the value of investments. Investors should note that the strategy 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.
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: Investments in a currency other than the base currency of the portfolio are exposed to currency risk. Fluctuations in exchange rates may affect the return on investment. If the currency of the portfolio is different from your local currency, then you should be aware that due to exchange rate fluctuations the performance may increase or decrease if converted into your local currency.
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 value of a portfolio may experience medium to high volatility due to lower liquidity and the availability of reliable information, as well as due to the strategy's investment policies or portfolio management techniques.
Sustainable Risk: The strategy 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 portfolio can invest in may be smaller than that of other strategies and may underperform the market as a result.

RISK AND REWARD PROFILE

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.

Pricing/Performance

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Neuberger Berman Sustainable Emerging Market Debt Hard Currency Fund USD I Accumulating Class - - - - - - - - - -
J.P. Morgan ESG (JESG) EMBI Global Diversified Index - - - - - - - - - -

Product Characteristics

As of

Management Team

Bart van der Made
Senior Portfolio Manager
25 Years of Industry Experience
9 Years with Neuberger Berman
Kaan Nazli
Senior Economist and Portfolio Manager
23 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
Rob Drijkoningen
Co-Head of Emerging Markets Debt
32 Years of Industry Experience
9 Years with Neuberger Berman