Neuberger Berman Income Funds - Neuberger Berman Emerging Markets Debt Fund (NERIX)
| Fund Assets | 141.80M |
| Expense Ratio | 0.79% |
| Min. Investment | $1,000,000 |
| Turnover | n/a |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | 1.77% |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 49.86 |
| YTD Return | 9.33% |
| 1-Year Return | 10.73% |
| 5-Year Return | 9.35% |
| 52-Week Low | 45.25 |
| 52-Week High | 50.17 |
| Beta (5Y) | n/a |
| Holdings | 241 |
| Inception Date | Sep 27, 2013 |
About NERIX
Neuberger Berman Emerging Markets Debt Fund Institutional Class is an actively managed mutual fund focused on fixed income from emerging market issuers. Its primary objective is high total return, combining income and capital appreciation through a flexible mandate that invests at least 80% of assets in sovereign, quasi-sovereign, and corporate debt tied to emerging economies, including both hard currency and local currency instruments, as well as derivatives for exposure and risk management. The strategy blends top-down country and currency views with bottom-up credit research, integrating analysis of macroeconomic conditions, credit spreads, yield curves, and issuer fundamentals, alongside consideration of environmental, social, and governance factors. The portfolio spans diverse regions and credit tiers, with the ability to hold below-investment-grade securities and, when warranted, distressed or defaulted debt. The fund references a blended benchmark across key emerging market sovereign and corporate indices to contextualize performance, while actively varying exposures to pursue alpha across sub-asset classes. Neuberger Berman has disclosed a planned conversion of this mutual fund into an exchange-traded fund during the third quarter of 2025, expected to emphasize hard currency emerging markets debt while maintaining the core team.
Performance
NERIX had a total return of 10.73% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.06%.
Top 10 Holdings
32.19% of assets| Name | Symbol | Weight |
|---|---|---|
| Us 5yr Note (Cbt) Dec25 Xcbt 20251231 | n/a | 12.05% |
| 2 Year Treasury Note Future Dec 25 | n/a | 5.03% |
| Petroleos Mexicanos Sa De CV 7.69% | PEMEX.7.69 01.23.50 | 3.02% |
| Romania (Republic Of) 7.5% | ROMANI.7.5 02.10.37 REGS | 2.31% |
| Egypt (Arab Republic of) 8.875% | EGYPT.8.875 05.29.50 REGS | 2.05% |
| State Oil Co Of Azerbaijan 6.95% | SOIAZ.6.95 03.18.30 | 1.82% |
| Argentina (Republic Of) 0.75% | ARGENT.0.75 07.09.30 | 1.56% |
| Ssc Government Mm Gvmxx | n/a | 1.53% |
| South Africa (Republic of) 5.75% | SOAF.5.75 09.30.49 30Y | 1.42% |
| Guatemala (Republic of) 6.6% | GUATEM.6.6 06.13.36 REGS | 1.40% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.07857 | Jul 31, 2025 |
| Jun 30, 2025 | $0.26371 | Jun 30, 2025 |
| May 30, 2025 | $0.26186 | May 30, 2025 |
| Apr 30, 2025 | $0.25278 | Apr 30, 2025 |
| Mar 31, 2025 | $0.25212 | Mar 31, 2025 |
| Feb 28, 2025 | $0.26321 | Feb 28, 2025 |