About NRHIX
Neuberger Berman High Income Bond Fund R6 Class is a mutual fund that seeks high total return consistent with capital preservation through an actively managed, diversified portfolio primarily invested in high yield corporate debt securities, often rated below investment grade. Its primary function is to generate attractive current income while aiming to minimize downside risks and participate in market upside, benchmarked against the ICE BofA U.S. High Yield Constrained Index. Notable features include a focus on security selection to avoid credit deterioration, strategic industry and quality rotation, and relative value analysis, with allocations across ratings such as overweight in B and CCC-rated securities compared to the benchmark, and sectors like packaging, telecommunications, real estate, healthcare, and technology. The fund maintains a weighted average maturity of approximately 5.72 years and duration of 3.28 years, includes a small bank loan component at 3.29%, and declares dividends daily paid monthly. Top holdings feature issuers like Tenet Healthcare, Carnival Corporation, and Molina Healthcare. With an expense ratio of 0.65% and no minimum purchase requirements for R6 shares, it plays a key role in fixed income markets by offering income-oriented exposure to high yield bonds amid varying economic conditions.
Fund Family Neuberger Berman
Category High Yield Bond
Performance Rating Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol NRHIX
Share Class Class R6
Index ICE BofA US High Yield Constrained TR
NRHIX had a total return of 2.05% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.91%.
