About NHILX
Neuberger Berman High Income Bond Fund I Class is an actively managed mutual fund in the high yield bond category, primarily investing in lower-quality, high-income corporate debt securities to generate attractive current income while aiming for capital preservation and competitive risk-adjusted total returns across market cycles. Launched on May 27, 2009, by Neuberger Berman, it features a diversified portfolio of approximately 579 holdings from 295 issuers, with a focus on domestic bonds (82%) and some non-U.S. bonds (14%), emphasizing sectors like packaging, telecommunications, and utilities while underweighting media and gaming. The fund's credit weightings tilt toward BB (48%) and B (39%) rated securities, integrating fundamental credit analysis, proprietary ESG scoring, and risk management to minimize downside risks and default exposure, supported by an experienced team averaging over 20 years in high yield investing. With total assets around $517-550 million, a net expense ratio of 0.71%, no sales loads, and monthly dividend distributions, it plays a key role in fixed income markets by offering higher yields from riskier bonds compared to investment-grade alternatives, backed by a portfolio turnover of 102%.
Fund Family Neuberger Berman
Category High Yield Bond
Performance Rating Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol NHILX
Share Class Institutional Class
Index ICE BofA US High Yield Constrained TR
NHILX had a total return of 1.94% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.02%.
