NB Distressed Debt has 3 classes of share - ordinary, Extended Life and New Global shares.
Overview
Performance
Portfolio
Dividends
Charges
Gearing
Research
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Data as at: 27/03/2024
In
Objective
To provide investors with attractive risk-adjusted returns through long-biased, opportunistic exposure to stressed, distressed and special situation credit-related investments while seeking to limit downside risk.
AIC sector
Management group
Neuberger Berman Europe
Company website
Launch date
04/03/2014
December
Domicile
Guernsey
Fund manager
Michael Holmberg, Brendan McDermott, Ravi Soni
Dividend frequency
Annually
Wind-up provisions
The Investment Manager is committed to realising the investments in a timely manner and winding down the share class as soon as practicable.
Market Cap (m) | Total assets (m) | Price (last close) | NAV | Discount / premium (%) | Gearing (%) | Dividend yield (%) | Dividend dates | Ongoing charge (%) |
---|---|---|---|---|---|---|---|---|
8.62 | 17.11 | 31.00 | 61.49 | -49.59 | 0 | 1.06 | Dec | 1.33 (31/12/2022) |
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Note
Dividends
Dividends declared in last 12 months
There have been no dividends in the last 12 months.
Performance (%)
Return type | 1 year | 3 years | 5 years | 10 years | |
---|---|---|---|---|---|
NB Distressed Debt New Global shares | Share price total return | -13.9 | 31.0 | -54.0 | -63.5 |
Debt - Loans & Bonds AIC sector | Share price total return | 14.7 | 17.2 | 15.2 | 15.2 |
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Share structure
Number of shares
27,821,698
Traded volumes (number of shares)
Yesterday | 1 month | 1 year | 5 years | |
---|---|---|---|---|
Total | 0 | 45,435 | 993,534 | 15,194,517 |
Average | N/A | 939 | 3,813 | 11,784 |
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Traded values (m)
Yesterday | 1 month | 1 year | 5 years | |
---|---|---|---|---|
Total | N/A | 0.01 | 0.35 | 8.47 |
Average | N/A | 0.00 | 0.00 | 0.01 |
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Trading details
Top holdings
Data as at : 30/06/2022
Investment | % of total assets |
---|---|
Dumas Shipping Tl B | 13.7 |
Package Holdings 1 | 8.7 |
Ab Zwolle T/L Eur 31/05/2023 Frn2 | 8.6 |
White Energy Holding Company Llc | 7.5 |
Us Treasury N/B 1.500% 15/02/2030 | 6.3 |
Buffalo Thunder Dev Auth 11.00% 12/09/22 Sr: Regs | 6.1 |
Other Assets | 5.5 |
Tp Ferro Concesionaria T/L 1l 31/03/2016 | 3.1 |
Hotel Puerta America Pik Tl Eur | 3.0 |
Aca Fin Guaranty Corp 12-31/12/2022 Frn | 2.7 |
Data provided by Morningstar.
Company documents provided by FE fundinfo.