Neuberger Berman CLO Income Fund SEK I Accumulating Class-Hedged
ISIN IE00BG7P3L15 / Valor null
Neuberger Berman CLO Income Fund SEK I Accumulating Class-Hedged
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General Objective
The Fund aims to achieve a target average return of 4-5% over the benchmark before fees over a market cycle by investing primarily in USD and EUR denominated floating rate collateralised loan obligations ("CLO") mezzanine debt securities and US high yield debt securities.
Fund Exposure
The Fund is exposed to USD and EUR denominated floating rate collateralised loan obligations ("CLO") mezzanine debt securities and US high yield debt securities. The Fund undertakes a fundamental credit review of individual underlying loan holdings in CLO portfolios, analyzes collateral managers, reviews CLO structure and documentation, and assesses the general CLO market.
Risks
The main risks facing the Fund include market risk, liquidity risk, counterparty risk, credit risk, interest rate risk, and derivative risk. Market risk involves changes in the value of positions due to market factors, while liquidity risk may affect the Fund's ability to sell investments readily. Counterparty risk arises from the failure of a counterparty to fulfill payment obligations, and credit risk is the risk of bond issuers failing to meet repayments. Interest rate risk is the risk of interest rate movements affecting bond values, and derivative risk involves using derivatives to protect against risks, creating leverage.
Source
https://www.nb.com/de/de/products/ucits-funds/clo-income-fund
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