# NB Global Floating Rate Income Fund Portfolio Update

- Link: https://www.directorstalkinterviews.com/nb-global-floating-rate-income-fund-portfolio-update-2/412795395
- Published: 2019-10-15T07:15:25+01:00
- Author: Giles Arbor

The **NB Global Floating Rate Income Fund Limited** (LON: NBLS) targets income generation
whilst seeking to preserve investors’ capital and give protection against rising
interest rates.

The Fund’s managers seek to generate this yield by investing in a global portfolio
of below investment grade senior secured corporate loans with selective use of senior
secured bonds, diversified by both borrower and industry. The Fund is managed by
four experienced portfolio managers backed by what we believe to be one of the largest
and most experienced credit teams in the industry.

Key statistics, as at 30th September 2019:

| NAV | GBP 94.91 / USD 97.94  | 
|  | 
| Current Portfolio Yield* | 5.58% | 
| Number of Investments | 297 | 
| Number of Issuers | 236 |

The Portfolio, as at 30th September 2019 (excluding cash):

· was split 92.14% USD, 6.44% EUR, 1.42% GBP

· had 5.73% allocated to bonds out of the maximum 20% allowable

· was invested primarily in B (64.06%) and BBB/BB (31.66%) rated investments1

To access the September 2019 Factsheet, please click here. 
 [http://www.rns-pdf.londonstockexchange.com/rns/8383P_1-2019-10-14.pdf](http://www.rns-pdf.londonstockexchange.com/rns/8383P_1-2019-10-14.pdf)

The Fund’s website can be found at the following address: www.nbgfrif.com

Source: Standard & Poor’s

*The Fund’s Current Portfolio Yield is a market-value weighted average of the current
yields of the holdings in the portfolio, calculated as the coupon (base rate plus
spread) divided by current price. The calculation does not take into account any
fees, fund expenses or sales charges paid, which would reduce the results. The Current
Yield for the Fund will fluctuate from month to month. The Current Yield should 
be regarded as an estimate of the Fund’s rate of investment income, and it may not
equal the realized distribution rate for each share class. You should consult the
Fund’s prospectus for additional information about the Fund’s dividends and distributions
policy. Past performance is no guarantee of future results.

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