IE00BDZRXR46
Neuberger Berman Short Duration Emerging Market Debt Fund USD-Hedged

  • Fixed income
  • Emerging markets
  • USD Cash
  • Accumulating
Invest with
USD Cash
Payout type
Accumulating
Risk rating
4
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
Product Highlight Sheet
Prospectus
Information Memorandum
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.Updated as of 2022/11/23
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Invest in this fund
Performance
Shows the total return of this accumulating fund, which includes dividends reinvested.
Total returns
All Time
39.04%
YTD
6.08%
1 month
1.01%
6 month
4.18%
1 year
8.30%
3 year
24.64%
5 year
15.75%
10 year
36.60%
As of Aug 2025
Distributions
This is an accumulating fund, so dividends are re-invested at the fund level.
Yield
6.47%As of Jul 2025
Risk metrics
Max drawdown
-12.60%As of Aug 2025
Volatility
4.40%As of Aug 2025
Calendar returns
YearTotalJanFebMarAprMayJunJulAugSepOctNovDec
2025-1.0%0.8%0.1%-0.1%1.0%1.4%0.8%1.0%----
20248.4%0.4%0.7%1.5%-0.5%0.9%0.6%1.3%1.3%1.3%-0.2%0.8%0.2%
20237.5%1.7%-1.0%0.4%0.4%0.0%0.9%1.2%-0.2%-0.1%-0.1%2.2%1.9%
2022-7.5%-0.9%-3.6%-0.9%-1.6%0.1%-2.7%0.7%0.4%-2.5%-0.3%3.0%0.6%
2021-0.6%0.2%-0.1%-0.2%0.2%0.6%0.1%-0.1%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.
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Fund facts
ISIN
IE00BDZRXR46
Fund house
Neuberger Berman
Fund size
US$4.6B
As of 11 Sep 2025
Fund inception date
06 Dec 2013
Fund class currency
USD
Fund share class
A USD
Oldest share class ISIN
IE00BDZRXT69
Oldest share inception date
31 Oct 2013
Pricing frequency
Daily

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