Neuberger Berman Short Duration High Income Fund
Data updated: 2020-09-25
C000116153 — Neuberger Berman Short Duration High Income Fund. Short Bond · $3.93M AUM · 0.76% expense ratio. Holdings, fees, performance and SEC filings.
C000116153 Fund Overview
Neuberger Berman Short Duration High Income Fund is a US mutual fund managed by Neuberger Berman Income Funds, categorised as Short Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Neuberger Berman Income Funds
- Category: Short Bond
- Assets under management: $3.93M
- 1-year return: -16.0%
- SEC CIK: 0000723620
- SEC series ID: S000037674
- Share class ID: C000116153
C000116153 Investment Objective and Strategy
Neuberger Berman Short Duration High Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Neuberger Berman Income Funds.
Investment objective
The Fund seeks a high level of current income consistent with capital preservation.
Principal investment strategy
To pursue its goal, the Fund normally invests at least 80% of its net assets in a diversified portfolio of U.S. dollar-denominated, below investment grade debt securities (commonly called junk bonds) and floating rate senior secured loans, including participation interests in loans, issued by U.S. and foreign corporations, partnerships, and other business entities (High Yield Securities). For purposes of this Fund, High Yield Securities are generally defined as those debt securities and loans that, at the time of investment, are rated below the lowest investment grade category (BBB- by Standard & Poors (S&P), Baa3 by Moodys Investors Service, Inc. (Moodys), or comparably rated by at least one independent credit rating agency) or, if unrated, determined by the Portfolio Managers to be of comparable quality.
The Fund may also invest in restricted securities. Although it may invest in securities of any maturity, the Fund normally seeks to maintain a weighted average portfolio duration of three years or less. The Fund endeavors to manage credit risk and minimize interest rate risk through disciplined credit analysis and emphasis on short-term and intermediate-term maturities. The Fund intends to focus, among other things, on issuer cash flows, management and sources of repayment and decrease exposure to securities with deteriorating fundamentals and financials. The Fund invests its assets in a broad range of issuers and industries. The Fund does not normally invest in or continue to hold securities that are in default or have defaulted with respect to the payment of interest or repayment of principal, but may do so depending on market or other conditions.
In an effort to achieve its goal, the Fund may engage in active and frequent trading. The Fund is suitable for investors who seek current income with capital preservation and who are comfortable with the risks associated with investing in a portfolio made up mainly of short duration High Yield Securities. The Fund normally invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in High Yield Securities (as defined above) and other investment companies that provide investment exposure to such securities. The Fund will not alter this policy without providing shareholders at least 60 days notice. This test is applied at the time the Fund invests; later percentage changes caused by a change in Fund assets, market values or company circumstances will not require the Fund to dispose of a holding.
C000116153 Performance
Total returns for C000116153 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -16.0% |
C000116153 Risk Information
Risk metrics for C000116153, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 21.5%
C000116153 Costs and Fees
C000116153 costs about $76 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.76%
- Gross expense ratio: 1.29%
- Portfolio turnover: 64%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000116153 Cashflows
Over the 12 months to 2020-07, Neuberger Berman Short Duration High Income Fund had net outflows of $22.58M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-07 | −$966.93K |
| 2020-06 | −$3.04M |
| 2020-05 | −$167.18K |
| 2020-04 | −$3.58M |
| 2020-03 | −$17.30M |
| 2020-02 | $562.94K |
C000116153 Debt Constituents
No individual debt constituents are reported in Neuberger Berman Short Duration High Income Fund's latest SEC N-PORT filing.
C000116153 Prospectus and SEC Filings
Official Neuberger Berman Short Duration High Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-03-17
- Prospectus (485BPOS) — filed 2019-03-20
- Prospectus (485BPOS) — filed 2018-03-13
- Portfolio holdings (N-PORT) — filed 2020-09-25
- Portfolio holdings (N-PORT) — filed 2020-06-15
- Portfolio holdings (N-PORT) — filed 2020-03-30
- Annual census (N-CEN) — filed 2020-01-10
- Annual census (N-CEN) — filed 2019-01-14
Related Funds
Other Short Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.