# NB Global Floating Rate Income Fund Portfolio Update

- Link: https://www.directorstalkinterviews.com/nb-global-floating-rate-income-fund-portfolio-update-4/412800933
- Published: 2019-12-16T07:17:30+00:00
- 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 29th November 2019:

| NAV | GBP 94.11 | 
|   | USD 96.81 | 
| Current Portfolio Yield* | 5.41% | 
| Number of Investments | 268 | 
| Number of Issuers | 205 |

The Portfolio, as at 29th November 2019 (excluding cash):

· was split 93.78% USD, 4.72% EUR, 1.50% GBP

· had 6.45% allocated to bonds out of the maximum 20% allowable

· was invested primarily in B (62.98%) and BBB/BB (31.40%) rated investments.

NB Global Floating Rate Income Fund is a registered closed-ended investment company
incorporated in Guernsey. It is managed by Neuberger Berman Europe Limited, which
has delegated certain of its responsibilities and functions to the sub-investment
manager, Neuberger Berman Investment Advisers LLC, both of which are indirect wholly
owned subsidiaries of Neuberger Berman Group LLC. The Company’s investment objective
is to provide its shareholders with regular dividends, at levels that are sustainable,
whilst seeking to preserve investors’ capital and give protection against rising
rates. To pursue its investment objective, the Company invests mainly in floating
rate senior secured loans issued in U.S. Dollars, Sterling, and Euros by primarily
North American and European Union corporations, partnerships and other business 
issuers.

Founded in 1939, Neuberger Berman is a private, independent, employee-owned investment
manager. The firm manages equities, fixed income, private equity and hedge fund 
portfolios for institutions and advisors worldwide. With offices in 23 countries,
Neuberger Berman’s team is more than 2,100 professionals and the company was named
by Pensions & Investments as a “Best Place to Work in Money Management” for five
consecutive years. Tenured, stable and long-term in focus, the firm fosters an investment
culture of fundamental research and independent thinking.

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