asset_category:
peer_benchmark:
broad_market_index:
manager_contact_details: Array
ticker: NBI
release_schedule:
structure: Listed Investment Company
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fund_features:
NB Global Corporate Income Trust (NBI) is a newly established investment trust that listed on the ASX in September 2018. The Trust invests in a portfolio of high yield corporate bonds with an approximate allocation of 60% to US companies, 20% to European companies and 20% to Emerging Market Companies (hard currency denominated bonds only). The Manager (Neuberger Berman) has a 20 year+ track record in managing high yield corporate bonds and manages in excess of US$132bn in various fixed income strategies.
- The objective of the Trust is to provide a consistent and stable monthly income stream with a strong focus on capital preservation. NBI seeks to provide its Unit holders with an attractive level of total return (income plus capital appreciation) over a full market cycle.
- The Trust has a target return of 5.25% per annum, net of fees and expenses an has a strong focus on research to avoid any potential credit deteriorations and/ or defaults by pro actively identifying such trends and divesting bonds that are subject to such risks.
- The portfolio is also widely diversified across a range of industry sectors. The portfolio is fully hedged back to the Australian dollar.