Neuberger Berman Floating Rate Inc A
605 Third Ave 2nd FLNew York NY 10158
Map
Phone: 800-877-9700
| Category: | Bank Loan | | Fund Family: | Neuberger Berman | | Net Assets: | 381.96M | | Year-to-Date Return: | 1.00% | | Yield: | 4.60% | | Morningstar Rating: |  | | Fund Inception Date: | Dec 28, 2009 |
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Ann H. Benjamin
Lead Manager since Dec 28, 2009 | | | Ann H. Benjamin, Managing Director, joined the firm in 1997. She directs all aspects of the high yield business including research, trading and portfolio management. Ann serves on the firmâs Partnership Committee and is a member of the investment team setting overall strategy. She is a graduate of Chatham College, earning a BA degree in Economics, and Carnegie Mellon University where she earned a Masterâs degree in Finance. |
| Min Initial Investment: | 1,000 | | Min Initial Investment, IRA: | N/A | | Min Initial Investment, AIP: | 1,000 | | Min Subsequent Investment: | 100 | | Min Subsequent Investment, IRA: | N/A | | Min Subsequent Investment, AIP: | 100 |
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| The investment seeks high current income.
The fund normally invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in floating rate securities (including loans). It invests mainly in floating rate senior secured loans issued in U.S. dollars by U.S. and foreign corporations, partnerships and other business entities (borrowers). These loans are often at the time of investment below investment grade securities (commonly known as "junk bonds"). |
| Last Dividend
(Apr 29, 2013)
:
| 0.03 | | Last Cap Gain
:
| 0.00 | | Annual Holdings Turnover
(May 13, 2013)
:
| 112.00% | | Average for Category: | 57.37% |
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| Expense | NFIAX | Category Avg |
|---|
| Annual Report Expense Ratio (net): | 1.07% | 1.15% | | Prospectus Net Expense Ratio: | 1.09% | N/A | | Prospectus Gross Expense Ratio: | 1.30% | N/A | | Max 12b1 Fee: | 0.25% | N/A | | Max Front End Sales Load: | 4.25% | 2.99% | | Max Deferred Sales Load:
| N/A | 1.71% | | 3 Yr Expense Projection*: | 757 | 497 | | 5 Yr Expense Projection*: | 1,000 | 791 | | 10 Yr Expense Projection*: | 1,753 | 1,639 |
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0.80%