Important risk disclosure

Please click here and read carefully the summary of the key features and risks specific to this fund stated in the offering document prepared by the relevant fund house before making any investment decision.

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IE00BMN94611
Neuberger Berman Short Duration Emerging Market Debt Fund (Dist.)

  • Fixed income
  • Emerging markets
  • USD Cash
  • Distributing
Invest with
USD Cash
Payout type
Distributing
Risk rating
2
About this fund
Description
The Fund aims to achieve a target average return of 3% over cash before fees over a market cycle (typically 3 years) by investing in a diversified selection of Hard Currency-denominated short duration sovereign and corporate debt issued in Emerging M...
Key information
Annual report
Key fact sheet
Prospectus
Factsheet
Our perspective
Why we think this fund is best-in-class
product
Product
Provides investors with a diversified exposure to short duration emerging markets hard currency fixed income. Has an investment objective of generating stable income with a reasonable level of total return.
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people
People
Team of three Portfolio Managers, Jennifer Gorgoll , Nish Popat, and Bart Van Der Made, who joined Neuberger Berman in 2015 and has, since then, managed to grow their AUM across their five EM Debt strategies. They are supported by the teams of research analysts at the Neuberger Berman EM Debt platform, specialising in not only credit recommendations and country positioning by region.
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performance
Performance
Historically, the fund's short duration allowed it to have lower than half downside capture while still having an upside capture around 50%. Despite its lower duration, the fund has delivered strong risk-adjusted returns relative to other emerging market debt peers.
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process
Process
The investment team, combining bottom-up credit analysis with top-down recommendations from different sectors and countries at a given market cycle, constructs a basket of 200 to 400 pure long-only hard currency instruments. Trade ideas and recommendations are generated from analysts in two teams: Credit and Country. Each team uses a bottom-up research process, incorporating ESG (SFDR 8), and ideas are incorporated into a model portfolio approved/constructed by the portfolio managers.
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cost
Cost
Retail share class with 100% trailer fee rebated back to Endowus investors to achieve lower cost of access.
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selectionCriteria
How it fits in a portfolio
Investors may consider the fund as part of a tactical position in emerging markets with a focus on risk management through lower duration. While the fund limits concentration risk and remains diversified regardless of conviction levels, investors should note that this fund is emerging markets focused and should consider diversifying their portfolio across other geographies.
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Invest in this fund
Performance
Shows the total return of this distributing fund, which includes dividends paid out.
Total returns
All Time
35.98%
YTD
6.04%
1 month
1.03%
6 month
4.07%
1 year
8.21%
3 year
24.56%
5 year
15.74%
10 year
36.64%
As of Aug 2025
Distributions
7.09%
02 Sep 2025
Yield
6.47%As of Jul 2025
Risk metrics
Max drawdown
-12.56%As of Aug 2025
Volatility
4.53%As of Aug 2025
Calendar returns
YearTotalJanFebMarAprMayJunJulAugSepOctNovDec
2025-1.0%0.9%-0.0%-0.1%0.9%1.4%0.8%1.0%----
20248.5%0.5%0.6%1.5%-0.4%0.9%0.5%1.4%1.2%1.2%-0.2%0.9%0.1%
20237.5%1.6%-0.9%0.5%0.3%0.0%0.9%1.1%-0.1%-0.0%-0.1%2.2%1.9%
2022-7.5%-0.9%-3.6%-0.9%-1.6%0.0%-2.7%0.7%0.4%-2.5%-0.3%3.0%0.6%
2021-0.5%0.2%-0.0%-0.3%0.3%0.6%0.1%-0.0%0.7%-0.7%-0.5%-1.0%0.2%
Top Exposures
Panama (Republic of)3.59%
Romania (Republic Of)2.10%
Ivory Coast (Republic Of)2.00%
Colombia (Republic Of)1.99%
United States Treasury Bills1.95%
Petroleos Mexicanos Sa De CV1.53%
Argentina (Republic Of)1.15%
Angola (Republic of)1.11%
Sri Lanka (Democratic Socialist Republic of)1.05%
Top exposures represent up to 15 of the fund's largest exposures for each category. Allocation percentages may not sum up to 100% and can include negative values due to rounding or trading activities by the underlying fund managers, including short positions.
Fund fees
1.08%0.58% p.a.
Save 46%
Fund facts
ISIN
IE00BMN94611
Fund house
Neuberger Berman
Fund size
US$4.5B
As of 08 Sep 2025
Fund inception date
31 Oct 2014
Fund class currency
USD
Fund share class
A Inc USD
Oldest share inception date
31 Oct 2013
Pricing frequency
Daily

Warning statements

  • All investments involve risks (including the possibility of loss of the capital invested) and the price of fund units may go up as well as down.
  • Past performance is not indicative of future performance.
  • Although this fund has been authorised by the Hong Kong Securities and Futures Commission (“SFC”), it does not imply an official recommendation or endorsement by the SFC nor does it guarantee the commercial merits of the fund or its performance.
  • If you are in any doubt, you should clarify with us or seek independent professional advice.

Risk Warnings Investment involves risk. Past performance is not an indicator nor a guarantee of future performance or returns. Projected performance or returns are not guaranteed to materialise. The value of investments and the income from them can go down as well as up, and you may not get the full amount you invested. Rates of exchange may cause the value of investments to go up or down. Individual stock performance does not represent the return of a fund.

The value of the fund can be volatile and can go down substantially within a short period of time. It is possible that a certain amount or all of your investment could be lost.

Generic risk warnings relating to collective investment schemes

Funds are not a bank deposit and not capital guaranteed, and is subject to investment risks, including the possible loss of the principal amount invested. There is no assurance that a fund will have sufficient liquidity to meet redemption requests and that the fund's investment objectives and strategies will be achieved.

The funds' investment may involve substantial market, currency, volatility, liquidity, regulatory and political risks. Some funds may use derivatives, whether for hedging or for investment purposes. The risks associated with derivatives include counterparty/credit, liquidity, valuation, volatility and market risks. The fund's volatility may increase or decrease from its derivative usage and such fund may suffer losses from its derivative usage. Do not invest in these funds unless you fully understand and are willing to assume the risks associated with them.

Opinions Any forward-looking statements, prediction, projection or forecast on the economy, stock market, bond market or economic trends of the markets contained in this material are subject to market influences and contingent upon matters outside the control of Endowus HK Limited (“Endowus”) and therefore may not be realised in the future. Further, any opinion or estimate is made on a general basis and subject to change without notice. In presenting the information above, none of Endowus HK Limited, its affiliates, directors, employees, representatives or agents have given any consideration to, nor have made any investigation of the objective, financial situation or particular need of any user, reader, any specific person or group of persons. Therefore, no representation is made as to the completeness and adequacy of the information to make an informed decision. You should carefully consider (i) whether any investment views and products/ services are appropriate in view of your investment experience, objectives, financial resources and relevant circumstances. You may also wish to seek financial advice through a financial advisor or the Endowus platform and independent legal, accounting, regulatory or tax advice, as appropriate.

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