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.
Management group
Neuberger Berman Europe
Launch date
09/06/2010
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, but there is one asset we are working through which will determine the final distribution date. The Investment Manager is evaluating options to wind down the share class.
Market Cap (m) Total assets (m) Price (last close) NAV Discount / premium (%) Gearing (%) Dividend yield (%) Dividend dates Ongoing charge (%)
9.54 12.36 0.62 0.80 -22.82 0 5.00 Oct 0.97 (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 Share price total return -16.2 -13.9 -31.5 -44.9
Debt - Loans & Bonds AIC sector Share price total return 9.4 17.2 19.1 27.5
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Share structure

Number of shares
15,382,770

Traded volumes (number of shares)

  Yesterday 1 month 1 year 5 years
Total 0 6,710 41,852 877,959
Average N/A 305 160 676
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Traded values (m)

  Yesterday 1 month 1 year 5 years
Total N/A 0.00 0.03 0.69
Average N/A 0.00 0.00 0.00
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Trading details

ISIN TIDM Traded currency Stock exchange
GG00BDFZ6F78 NBDD USD London Stock Exchange - SFS
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Top holdings

Data as at : 30/06/2022

Investment % of total assets
Dumas Shipping Tl B 15.00% 31/08/2022 (Bank Debt Investments) 13.7
Package Holdings 1 (Private Equity) 8.7
Ab Zwolle T/L Eur 31/05/2023 Frn2 (Bank Debt Investments) 8.6
White Energy Holding Company Llc (Private Equity) 7.5
Us Treasury N/B 1.500% 15/02/2030 (Us Treasury Bills) 6.3
Buffalo Thunder Dev Auth 11.00% 12/09/22 Sr: Regs (Private Note) 6.1
Otherassets 5.5
Buffalo Thunder Dev Auth 11.00% 12/09/22 Sr: Tp Ferro Concesionaria T/L 31- 3.1
Hotel Puerta America Pik Tl Eur 7.25% 09/01/2027 Bank Debt Investments) 3.0
Aca Fin Guaranty Corp 12-31/12/2022 Frn (Private Note) 2.7

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FE fundinfo logo Company documents provided by FE fundinfo.