Neuberger Berman Equity Income C Fund (NBHCX) seeks high total returns consistent with capital preservation by investing primarily in a diversified portfolio of U.S. intermediate-term high-yield corporate bonds with maturities of 10 years or less. High-yield bonds are rated below investment grade, or if unrated, are bonds deemed by the portfolio management group to be of comparable quality. NBHCX is broadly diversified by number of issuers and industry. The manager typically does not allow a single position to comprise more than 3% of total portfolio assets, with most positions representing approximately 1% of total assets. On average, NBHCX holds between 100 to 120 issues, with no single industry typically representing more than 15% of total assets.
This Large Value product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 5.3% and 5 year 7.4%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
The Neuberger Berman Equity Income C fund, as of the last filing, allocates their fund in top three major groups; Large Value, Intermediate Bond and Foreign Bond. Further, as of the last filing, Suncor Energy Inc, Regal Entertainment Group and Umpqua Holdings Corp were the top holdings for NBHCX.
This Zacks Rank #2 (Buy) was incepted in February 1992 and is managed by Neuberger. NBHCX carries an expense ratio of 0.95% and requires a minimal initial investment of $5,000,000.
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