- ISIN
- US64128K7283
- CUSIP
- 64128K728
- Issuer
- Neuberger Berman
- Inception Date
- Dec 28, 2009
- Category
- Bank Loan
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
NFIAX Performance Chart
Neuberger Berman Floating Rate Income Fund (NFIAX) is up 1.3% since the beginning of the year. NFIAX is currently trading at $9 per share. Investors who bought $1,000 worth of NFIAX shares 5 years ago would now be looking at an investment worth $1,276.
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Returns By Period
Neuberger Berman Floating Rate Income Fund (NFIAX) has returned 1.26% so far this year and 5.17% over the past 12 months. Over the last ten years, NFIAX has returned 4.53% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Neuberger Berman Floating Rate Income Fund
- 1D
- 0.00%
- 1M
- 0.40%
- YTD
- 1.26%
- 6M
- 1.81%
- 1Y
- 5.17%
- 3Y*
- 7.53%
- 5Y*
- 5.00%
- 10Y*
- 4.53%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
NFIAX Monthly Returns History
Based on dividend-adjusted daily data since Dec 30, 2009, NFIAX's average daily return is +0.02%, while the average monthly return is +0.36%. At this rate, an investment would double in approximately 16.1 years.
Historically, 72% of months were positive and 28% were negative. The best month was Apr 2020 with a return of +5.5%, while the worst month was Mar 2020 at -12.7%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 7 months.
On a daily basis, NFIAX closed higher 26% of trading days. The best single day was Mar 26, 2020 with a return of +3.6%, while the worst single day was Mar 16, 2020 at -3.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.10% | -0.51% | 0.40% | 1.18% | 0.51% | -0.22% | 1.26% | ||||||
| 2025 | 0.68% | 0.00% | -0.26% | 0.03% | 1.45% | 0.77% | 0.81% | 0.39% | 0.58% | 0.28% | 0.43% | 0.55% | 5.83% |
| 2024 | 0.82% | 0.88% | 0.73% | 0.64% | 1.00% | 0.35% | 0.78% | 0.50% | 0.66% | 0.85% | 1.01% | 0.32% | 8.89% |
| 2023 | 2.69% | 0.65% | -0.25% | 0.22% | -0.24% | 2.15% | 1.26% | 1.25% | 0.69% | -0.75% | 1.44% | 1.36% | 10.92% |
| 2022 | 0.19% | -0.70% | -0.23% | 0.06% | -2.79% | -2.58% | 1.32% | 1.59% | -2.80% | 1.11% | 1.21% | 0.44% | -3.26% |
| 2021 | 1.04% | 0.33% | -0.04% | 0.47% | 0.47% | 0.26% | -0.04% | 0.48% | 0.70% | 0.20% | -0.31% | 0.63% | 4.27% |
Benchmark Metrics
Neuberger Berman Floating Rate Income Fund has an annualized alpha of 3.44%, beta of 0.07, and R2 of 0.11 versus S&P 500 Index. Calculated based on daily prices since December 30, 2009.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (19.26%) than losses (13.96%) - typical of diversified or defensive assets.
- Beta of 0.07 may look defensive, but with R2 of 0.11 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.11 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.44%
- Beta
- 0.07
- R²
- 0.11
- Upside Capture
- 19.26%
- Downside Capture
- 13.96%
Expense Ratio
NFIAX has a high expense ratio of 0.97%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
NFIAX ranks 92 for risk / return — in the top 92% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Neuberger Berman Floating Rate Income Fund (NFIAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NFIAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +3.41 | ||
| Omega ratioGain probability vs. loss probability | 1.98 | 1.37 | +0.61 |
| Calmar ratioReturn relative to maximum drawdown | 4.97 | 2.78 | +2.18 |
| Martin ratioReturn relative to average drawdown | 16.86 | 12.44 | +4.42 |
Dividends
Dividend History
Neuberger Berman Floating Rate Income Fund provided a 6.60% dividend yield over the last twelve months, with an annual payout of $0.61 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.61 | $0.64 | $0.76 | $0.65 | $0.36 | $0.33 | $0.36 | $0.46 | $0.41 | $0.34 | $0.34 | $0.39 |
Dividend yield | 6.60% | 6.84% | 8.05% | 6.89% | 3.97% | 3.36% | 3.68% | 4.71% | 4.32% | 3.44% | 3.46% | 4.05% |
Monthly Dividends
The table displays the monthly dividend distributions for Neuberger Berman Floating Rate Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.00 | $0.23 | ||||||
| 2025 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.06 | $0.06 | $0.05 | $0.06 | $0.05 | $0.05 | $0.64 |
| 2024 | $0.07 | $0.06 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.07 | $0.06 | $0.06 | $0.05 | $0.06 | $0.76 |
| 2023 | $0.06 | $0.06 | $0.07 | $0.00 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.00 | $0.06 | $0.07 | $0.65 |
| 2022 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.00 | $0.00 | $0.05 | $0.00 | $0.07 | $0.06 | $0.06 | $0.36 |
| 2021 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Neuberger Berman Floating Rate Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Neuberger Berman Floating Rate Income Fund was 22.18%, occurring on Mar 23, 2020. Recovery took 122 trading sessions.
The current Neuberger Berman Floating Rate Income Fund drawdown is 0.22%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -22.18%Mar 2020 | 2mo | 5mo 26d | 7mo 26dJan 2020 - Sep 2020 |
Bear market2022 | -6.84%Jul 2022 | 5mo 13d | 11mo 11d | 1y 4moJan 2022 - Jun 2023 |
2011 pullback2011 | -6.62%Aug 2011 | 2mo 23d | 4mo 29d | 7mo 22dJun 2011 - Jan 2012 |
2016 pullback2016 | -5.06%Feb 2016 | 8mo 25d | 2mo 5d | 11moJun 2015 - Apr 2016 |
Rate-hike selloffLate 2018 | -4.35%Dec 2018 | 2mo 17d | 2mo 3d | 4mo 20dOct 2018 - Feb 2019 |
Drawdown Indicators
| NFIAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.18% | -56.78% | +34.60% |
Max Drawdown (1Y)Largest decline over 1 year | -1.07% | -9.10% | +8.03% |
Max Drawdown (3Y)Largest decline over 3 years | -2.19% | -18.90% | +16.71% |
Max Drawdown (5Y)Largest decline over 5 years | -6.84% | -25.43% | +18.59% |
Max Drawdown (10Y)Largest decline over 10 years | -22.18% | -33.92% | +11.74% |
Current DrawdownCurrent decline from peak | -0.22% | -1.80% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -0.83% | -10.71% | +9.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.31% | 2.03% | -1.72% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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