Neuberger Berman Emerging Market Debt Sustainable Investment Grade Blend NOK I3 Acc Class
Fund
ISIN IE00BYT26Z15 / Valor 36911571
NAV (2025-02-14)
NOK 107.55+0.27%
Neuberger Berman Emerging Market Debt Sustainable Investment Grade Blend NOK I3 Acc Class
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General Objective
The fund aims to achieve a target average return of 1% over the benchmark before fees over a market cycle by investing primarily in a blend of investment grade rated hard currency and local emerging market currency denominated debt, issued by sovereigns, quasi-sovereigns, sub-sovereigns, and corporate credits in emerging market countries that meet the Sustainable Criteria.
Fund Exposure
The fund is exposed to a mix of investment grade rated hard currency and local emerging market currency denominated debt, with a focus on sovereigns, quasi-sovereigns, sub-sovereigns, and corporate credits in emerging market countries. The fund is actively managed and not constrained by the benchmark, comprising of one third weighting to JPMorgan GBI Emerging Markets Global Diversified Investment Grade 15% Cap Index and two thirds weighting to JP Morgan EMBI Global Diversified Investment Grade Index.
Risks
The main risks facing the fund include market risk, liquidity risk, counterparty risk, credit risk, interest rate risk, and derivatives risk. Market risk arises from changes in the value of positions due to underlying market factors, while liquidity risk may impact the fund's ability to sell investments readily at fair market value. Counterparty risk involves the risk of a counterparty not fulfilling payment obligations, and credit risk relates to bond issuers failing to meet repayments. Interest rate risk is present due to movements affecting the value of fixed-rate bonds, and derivatives risk is associated with the use of certain types of derivative instruments.