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Neuberger Berman Floating Rate Inc I (NFIIX)

9.42 0.00 (0.00%)
At close: 8:01 PM EDT

Fund Summary

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. It normally invests at least 80% of its net assets in floating rate securities (including loans) and other investment companies that provide investment exposure to such floating rate securities.

Neuberger Berman Floating Rate Inc I

New York, NY 10158
605 Third Ave 2nd FL

Fund Overview

Category Bank Loan
Fund Family Neuberger Berman
Net Assets 438.36M
YTD Return 2.52%
Yield 8.68%
Morningstar Rating
Inception Date Dec 30, 2009

Fund Operations

Last Dividend 0.21
Last Cap Gain -13.00
Holdings Turnover 52.00%
Average for Category --

Fees & Expenses

Expense NFIIX Category Average
Annual Report Expense Ratio (net) 0.61% 1.03%
Prospectus Net Expense Ratio 0.61% --
Prospectus Gross Expense Ratio 0.72% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 3.08%
Max Deferred Sales Load -- 1.05%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Stephen J. Casey, Lead Manager since October 19, 2010
Stephen Casey, CFA, Managing Director, joined the firm in 2002. Stephen is a Senior Portfolio Manager for Non-Investment Grade Credit focusing on loan portfolios. In addition, he sits on the Credit Committee for high yield bonds and senior floating rate loans. Stephen was a founding partner of LightPoint Capital Management LLC, which was acquired by Neuberger Berman in 2007. Prior to joining LightPoint, he was employed at ABN AMRO where he was responsible for structuring highly leveraged transactions. In 2016, Stephen was elected to a two year term on the Loan Syndications and Trading Association (LSTA) Board of Directors. He received a BS from Indiana University, an MS from the Illinois Institute of Technology and has been awarded the Chartered Financial Analyst designation.

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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