Ultra Short Term Euro Bond Fund
An actively managed portfolio of Euro short-term bonds, with opportunistic allocations to attractive Euro bond strategies.
- The fund seeks to outperform a Euro cash benchmark¹ and produce positive returns in a negative rate environment
- Conservatively managed with a targeted level of risk
- Flexible interest rate positioning with limited duration risk -1/+2 years
- A diversified portfolio of Euro short-term bonds with limited tactical allocations to other Euro fixed income strategies (under 20%)
- Managed by a team of experts with an average of 18 years’ experience, leveraging the resources of Neuberger Berman Fixed Income platform with over 170 investment professionals
*Effective 31 July 2019, the Neuberger Berman Euro Short Term Enhanced Cash Fund was renamed to the Neuberger Berman Ultra Short Term Euro Bond Fund.
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.
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.
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 share class to which this factsheet 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.