IE00BMN94165

Neuberger Berman Short Duration Emerging Market Debt Fund SGD-Hedged (Dist.)(IE00BMN94165)

Fixed income
Investment grade
Short duration
Emerging markets
SGD Cash, SRS
Distributing

Invest with

SGD Cash, SRS

Payout type

Distributing

Risk rating

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

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Product Highlight Sheet

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Prospectus

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Information Memorandum

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Factsheet

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Our perspective

Why we think this fund is best-in-class

Product

Provides diversified exposure to short-duration emerging market debt, investing primarily in hard currency fixed income instruments. Aims to achieve a target average return of 3% over cash before fees over a market cycle (typically 3 years) by maintaining a portfolio of sovereign and corporate bonds. Designed to generate stable income with a reasonable level of total return while mitigating interest rate sensitivity through a short-duration profile.

People

Managed by a seasoned team of three Senior Portfolio Managers—Jennifer Gorgoll, Nish Popat, and Bart van der Made—who have overseen the strategy since its inception. The managers are supported by the broader Neuberger Berman Emerging Market Debt platform, which includes dedicated teams of research analysts specializing in credit recommendations and regional country positioning. The team leverages the oversight and expertise of Global Co-Heads of Emerging Markets Debt, Rob Drijkoningen and Gorky Urquieta.

Performance

Historically demonstrates a defensive profile with significantly lower downside capture relative to the broader market, while retaining meaningful upside participation. Delivers strong risk-adjusted returns relative to emerging market debt peers, benefiting from the reduced volatility associated with its shorter duration mandate. Focuses on capital preservation and consistent income generation, aiming to limit drawdowns during periods of rising interest rates.

Process

Constructs a diversified portfolio of approximately 200 to 400 pure long-only hard currency instruments, combining bottom-up credit analysis with top-down sector and country allocations. Generates trade ideas through two specialized analyst teams—Credit and Country—which utilize a rigorous bottom-up research process that integrates ESG considerations. The portfolio managers synthesize these analyst recommendations into a high-conviction model portfolio, actively managing duration and credit quality to align with the fund's risk targets.

Cost

Endowus offers retail share class with 100% trailer fee rebated back to Endowus investors to achieve lower cost of access.

How it fits in a portfolio

Serves as a tactical allocation for investors seeking exposure to emerging market debt with a specific focus on risk management and lower interest rate sensitivity. Offers a potentially higher-yielding alternative to developed market fixed income, with the added benefit of a short-duration profile to cushion against rate volatility. Investors should note that while the fund limits concentration risk, it remains focused on emerging markets and should be balanced with diversified exposure across other geographies and asset classes.

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Performance

Returns

NAV

Shows the total return of this distributing fund, which includes dividends paid out.

Total returns

Cumulative

Annualised

All Time

28.08%

YTD

-1.23%

1 month

-2.07%

6 month

-0.25%

1 year

3.30%

3 year

17.28%

5 year

8.72%

10 year

25.89%

As of Mar 2026

Distributions

6.79%

Frequency

Monthly

01 Apr 2026

Yield

5.47%As of Feb 2026

Risk metrics

Max drawdown

-12.71%As of Mar 2026

Volatility

4.46%As of Mar 2026

Calendar returns

Year	Total	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	-	0.5%	0.4%	-2.1%	-	-	-	-	-	-	-	-	-
2025	6.1%	0.8%	0.8%	-0.1%	-0.3%	0.9%	1.3%	0.5%	0.7%	0.4%	0.4%	0.1%	0.5%
2024	6.4%	0.3%	0.5%	1.3%	-0.6%	0.7%	0.4%	1.2%	1.1%	1.1%	-0.4%	0.7%	-0.1%
2023	6.0%	1.6%	-1.0%	0.3%	0.2%	-0.1%	0.7%	1.1%	-0.4%	-0.2%	-0.2%	2.1%	1.8%
2022	-7.7%	-0.9%	-3.6%	-1.0%	-1.5%	0.0%	-2.7%	0.7%	0.3%	-2.5%	-0.3%	3.0%	0.7%
Load more		5 of 13

Top Exposures

Holdings

Regions

Sectors

United States Treasury Bills	2.53%
Colombia (Republic Of)	2.21%
Ivory Coast (Republic Of)	1.81%
Romania (Republic Of)	1.79%
Petroleos Mexicanos Sa De CV	1.77%
Saudi Arabia (Kingdom of)	1.35%
Sri Lanka (Democratic Socialist Republic of)	1.28%
Nigeria (Federal Republic of)	1.08%
Uzbekneftegaz JSC	1.03%
Development Bank of Mongolia LLC	0.98%

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.

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Fund facts

ISIN

IE00BMN94165

Fund house

Neuberger Berman

Fund size

S$6.7B

As of 13 Apr 2026

Fund inception date

31 Oct 2014

Fund class currency

SGD

Fund share class

A SGD MD

Oldest share class ISIN

IE00BDZRXT69

Oldest share inception date

31 Oct 2013

Pricing frequency

Daily

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