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Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Neuberger Berman Floating Rate Income Fund

NFIIX | Fund

$9.22

$463 M

6.60%

$0.61

0.70%

Vitals

YTD Return

1.5%

1 yr return

5.1%

3 Yr Avg Return

8.3%

5 Yr Avg Return

5.8%

Net Assets

$463 M

Holdings in Top 10

11.5%

52 WEEK LOW AND HIGH

$9.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.70%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 49.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Neuberger Berman Floating Rate Income Fund

NFIIX | Fund

$9.22

$463 M

6.60%

$0.61

0.70%

NFIIX - Profile

Distributions

  • YTD Total Return 1.5%
  • 3 Yr Annualized Total Return 8.3%
  • 5 Yr Annualized Total Return 5.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.67%
DIVIDENDS
  • Dividend Yield 6.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Neuberger Berman Floating Rate Income Fund
  • Fund Family Name
    Neuberger Berman
  • Inception Date
    Dec 30, 2009
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Joseph Lynch

Fund Description

To pursue its goal, the Fund invests mainly in floating rate senior secured loans issued in U.S. dollars by U.S. and foreign corporations, partnerships and other business entities (borrowers). These loans are often at the time of investment below investment grade securities (commonly known as “junk” or “junk bonds”). The Fund considers debt securities to be below investment grade if, at the time of investment, they are rated below the four highest categories by at least one independent credit rating agency or, if unrated, are determined by the Portfolio Managers to be of comparable quality. Floating interest rates vary with and adjust to reflect changes in a generally recognized base interest rate or the prime rate. The Fund generally seeks to focus on loans of companies that the Portfolio Managers believe have the ability to generate cash flow through a full business cycle, maintain adequate liquidity and have access to both debt and equity capital, but may invest in loans of distressed companies.
The Fund may also purchase fixed-rate loans, second lien loans, unsecured loans, investment grade and below investment grade fixed income securities, including investment grade short term debt obligations, convertible securities, money market instruments, repurchase agreements, and restricted securities.
The Portfolio Managers seek positive returns through in-depth credit research utilizing proprietary analytics processes to assess the strength of a company’s credit profile, examples of which include but are not limited to: their ability to pay principal and interest, their cash flow and balance sheet composition, and their market position relative to competitors. As part of their fundamental investment analysis the Portfolio Managers consider environmental, social and governancefactors they believe are financially material to individual investments, where applicable. While this analysis is inherently subjective and may be informed by internally generated and third-party metrics, data and other information, the Portfolio Managers believe that the consideration of financially material environmental,social and governance factors, alongside traditional financial metrics, may improve credit analysis, security selection, relative value analysis and enhance the Fund’s overall investment process. As part of this analysis, the Portfolio Managers also regularly engage with the management teams of issuers on issues that the Portfolio Managers believe are material to the credit risk of an issuer. The specific environmental,social and governance factors considered and scope and application of integration may vary depending on the specific investment and/or investment type. The consideration of environmental,social and governance factors does not apply to certain instruments, to the extent applicable, such as certain derivative instruments, other registered investment companies, cash and cash equivalents. The consideration of environmental,social and governance factors as part of the investment process does not mean that the Fund pursues a specific “impact” or “sustainable” investment strategy.
In addition, the Portfolio Managers adjust portfolio weightings based on their analysis of general and sector-specific economic and market conditions, while seeking to diversify across industries, companies and investment size.
The Fund normally invests at least 80% of its net assets in floating rate securities (including loans) and other investment companies that provide investment exposure to such floating rate securities. The Fund will not alter this policy without providing shareholders at least 60 days' notice. This test is applied at the time the Fund invests; later percentage changes caused by a change in Fund assets, market values or company circumstances will not require the Fund to dispose of a holding.
Read More

NFIIX - Performance

Return Ranking - Trailing

Period NFIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -3.7% 5.5% 19.29%
1 Yr 5.1% -7.6% 7.5% 27.17%
3 Yr 8.3%* 0.0% 9.7% 14.57%
5 Yr 5.8%* 1.7% 7.4% 19.09%
10 Yr 4.9%* 2.6% 20.3% 25.13%

* Annualized

Return Ranking - Calendar

Period NFIIX Return Category Return Low Category Return High Rank in Category (%)
2025 -1.1% -19.1% 2.2% 18.04%
2024 0.3% -4.1% 2.7% 17.65%
2023 3.4% -12.0% 9.7% 40.78%
2022 -7.0% -22.9% 5.1% 41.13%
2021 0.8% -12.2% 11.1% 60.74%

Total Return Ranking - Trailing

Period NFIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -3.7% 5.5% 19.29%
1 Yr 5.1% -7.6% 7.5% 27.17%
3 Yr 8.3%* 0.0% 9.7% 14.57%
5 Yr 5.8%* 1.7% 7.4% 19.09%
10 Yr 4.9%* 2.6% 20.3% 25.13%

* Annualized

Total Return Ranking - Calendar

Period NFIIX Return Category Return Low Category Return High Rank in Category (%)
2025 7.0% -8.3% 8.4% 16.86%
2024 9.9% 4.9% 13.6% 11.76%
2023 13.6% -5.8% 27.3% 29.80%
2022 -1.2% -12.7% 11.7% 24.60%
2021 5.0% -10.2% 22.4% 47.52%

NAV & Total Return History

NFIIX - Holdings

Concentration Analysis

NFIIX Category Low Category High NFIIX % Rank
Net Assets 463 M 28.6 M 13.9 B 57.83%
Number of Holdings 415 2 2534 39.44%
Net Assets in Top 10 55.3 M -191 M 2.12 B 63.75%
Weighting of Top 10 11.47% 5.2% 100.6% 73.90%

Top 10 Holdings

  1. State Street Institutional US Government Money Market Fund 6.67%
  2. HOLOGIC INC 2026 TERM LOAN B 0.62%
  3. Allied Universal Holdco LLC 2025 USD Term Loan B 0.54%
  4. ENSEMBLE RCM LLC 2026 TERM LOAN B 0.54%
  5. Froneri Lux Finco Sarl 2025 USD Term Loan B6 0.53%
  6. White Cap Buyer LLC 2024 Term Loan B 0.53%
  7. Bausch Health Companies Inc 2025 Term Loan B 0.53%
  8. Broadstreet Partners Inc 2024 Term Loan B4 0.51%
  9. Cotiviti Corporation 2024 Term Loan 0.51%
  10. Chamberlain Group Inc 2025 Term Loan B 0.49%

Asset Allocation

Weighting Return Low Return High NFIIX % Rank
Bonds 		98.15% 0.00% 161.82% 15.94%
Cash 		6.67% -61.90% 16.36% 20.72%
Convertible Bonds 		0.46% 0.00% 5.51% 10.84%
Stocks 		0.35% 0.00% 100.60% 72.91%
Preferred Stocks 		0.00% -3.99% 8.16% 63.75%
Other 		0.00% -52.39% 26.58% 69.32%

Stock Sector Breakdown

Weighting Return Low Return High NFIIX % Rank
Communication Services 		51.39% 0.00% 100.00% 24.56%
Real Estate 		48.61% 0.00% 48.61% 1.75%
Utilities 		0.00% 0.00% 100.00% 46.49%
Technology 		0.00% 0.00% 100.00% 46.49%
Industrials 		0.00% 0.00% 100.00% 63.16%
Healthcare 		0.00% 0.00% 100.00% 33.33%
Financial Services 		0.00% 0.00% 89.61% 34.21%
Energy 		0.00% 0.00% 100.00% 71.93%
Consumer Defense 		0.00% 0.00% 100.00% 44.74%
Consumer Cyclical 		0.00% 0.00% 97.66% 55.26%
Basic Materials 		0.00% 0.00% 1.36% 32.46%

Stock Geographic Breakdown

Weighting Return Low Return High NFIIX % Rank
US 		0.27% -0.01% 100.60% 72.91%
Non US 		0.08% 0.00% 0.91% 24.30%

Bond Sector Breakdown

Weighting Return Low Return High NFIIX % Rank
Corporate 		82.06% 0.00% 99.80% 88.76%
Cash & Equivalents 		6.67% 0.00% 25.03% 20.72%
Securitized 		2.42% 0.00% 91.68% 25.70%
Derivative 		0.00% -17.74% 0.69% 54.18%
Municipal 		0.00% 0.00% 0.47% 32.93%
Government 		0.00% 0.00% 3.18% 45.38%

Bond Geographic Breakdown

Weighting Return Low Return High NFIIX % Rank
US 		98.15% 0.00% 136.29% 11.16%
Non US 		0.00% 0.00% 63.23% 68.13%

NFIIX - Expenses

Operational Fees

NFIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.70% 0.03% 5.51% 89.41%
Management Fee 0.55% 0.00% 1.89% 17.00%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.02% 0.27% 65.52%

Sales Fees

NFIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

NFIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

NFIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 49.00% 4.00% 180.00% 42.24%

NFIIX - Distributions

Dividend Yield Analysis

NFIIX Category Low Category High NFIIX % Rank
Dividend Yield 6.60% 0.00% 10.52% 33.73%

Dividend Distribution Analysis

NFIIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

NFIIX Category Low Category High NFIIX % Rank
Net Income Ratio 3.67% 1.77% 9.82% 47.13%

Capital Gain Distribution Analysis

NFIIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

NFIIX - Fund Manager Analysis

Managers

Joseph Lynch

Start Date

Tenure

Tenure Rank

Dec 29, 2009

12.43

12.4%

Joseph Lynch, Managing Director, joined the firm in 2002. Joe is a Senior Portfolio Manager for Non-Investment Grade Credit focusing on loan portfolios. In addition, he sits on the Credit Committee for Non-Investment Grade Credit and serves on Neuberger Berman’s Investment Risk Committee. Joe was a founding partner of LightPoint Capital Management LLC, which was acquired by Neuberger Berman in 2007. Prior to joining LightPoint, he was employed at ABN AMRO where he was responsible for structuring highly leveraged transactions. Joe earned a BS from the University of Illinois and an MBA from DePaul University.

Stephen Casey

Start Date

Tenure

Tenure Rank

Oct 19, 2010

11.62

11.6%

Stephen Casey, CFA, Managing Director, joined the firm in 2002. Stephen is a Senior Portfolio Manager for Non-Investment Grade Credit focusing on loan portfolios. In addition, he sits on the Credit Committee for high yield bonds and senior floating rate loans. Stephen was a founding partner of LightPoint Capital Management LLC, which was acquired by Neuberger Berman in 2007. Prior to joining LightPoint, he was employed at ABN AMRO where he was responsible for structuring highly leveraged transactions. In 2016, Stephen was elected to a two year term on the Loan Syndications and Trading Association (LSTA) Board of Directors. He received a BS from Indiana University, an MS from the Illinois Institute of Technology and has been awarded the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 21.18 6.19 3.25

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