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Neuberger Berman Floating Rate Inc Inst (NFIIX)

10.13 0.00(0.00%) Nov 21
Prev Close:10.13
YTD Return*:1.35%
Net Assets*:432.32M
Yield*:3.81%

* As of 31-Oct-14

Quotes delayed, except where indicated otherwise. Currency in USD.

Headlines

  • No Headlines available for NFIIX at this time.

Top Holdings

Symbol% AssetsYTD Return %
Scientific Games Int. Inc. Incremental Term Loan1.36N/A
Fortescue Metals Group Ltd New Term Loans1.09N/A
Sophia L P Term Loan B 11.07N/A
Bmc Software Fin Inc Us Borrower Term Loan1.06N/A
Servicemaster Co Llc Term Loan B1.05N/A

Fund Basics

Morningstar Overall Rating:
Total Assets:432.32M
Category:Bank Loan
Annual Report Expense Ratio (net):0.70%

Performance & Risk

YTD Return:1.35%
5y Avg Return:N/A
Rank in Category (ytd):63
% Rank in Category (ytd):26.25%
Beta (3y):0.27
Morningstar Risk Rating:4

Fund Summary

The investment seeks high current income. To pursue its goal, the fund 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"). 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). View More
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