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Active Fixed Income—
Purpose Floating Rate Income Fund (changed to Purpose Global Flexible Credit Fund)
This fund changed its mandate and name on December 10, 2021. See the new fund page and press release for more details.
Overview
The purpose of this fund
Earn income that adjusts to changes in interest rates.
- •Active strategy designed to preserve capital in a rising-interest-rate environment
- •Interest payments adjust to changes in reference rates, reducing portfolio duration and protecting invested capital
- •Diverse portfolio of senior bank loans, structured credit, short-duration bonds and preferred shares
Managed by -
Norman Milner
Neuberger Berman
Founded in 1939 with a focus on deep fundamental research, Neuberger Berman Investment Advisers manages more than $300-billion USD in assets today, primarily for institutional advisors. The firm takes a boots-on-the-ground approach, employing more than 600 investment professionals in 35 cities around the world.
ELIGIBILITY
- drip
- pacc
- swp
- registered accounts eligible
FUND DETAILS
YIELD
N/A
MGMT FEE
NAV
()
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