Neuberger Berman Floating Rate Income Fund (NFIAX)
The investment seeks high current income. To pursue its goal, the fund invests mainly in floating rate senior secured loans issued in U.S. dollars by U.S. and foreign corporations, partnerships and other business entities (borrowers). These loans are often at the time of investment below investment grade securities (commonly known as "junk bonds"). It normally invests at least 80% of its net assets in floating rate securities (including loans) and other investment companies that provide investment exposure to such floating rate securities.
Fund Info
US64128K7283
64128K728
Dec 28, 2009
$1,000
Expense Ratio
NFIAX has a high expense ratio of 0.97%, indicating above-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Neuberger Berman Floating Rate Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Neuberger Berman Floating Rate Income Fund (NFIAX) returned 0.66% year-to-date (YTD) and 6.32% over the past 12 months. Over the past 10 years, NFIAX returned 4.17% annually, underperforming the S&P 500 benchmark at 10.56%.
NFIAX
0.66%
0.35%
2.00%
6.32%
7.62%
4.17%
^GSPC (Benchmark)
-3.31%
0.28%
-0.74%
12.29%
15.01%
10.56%
Monthly Returns
The table below presents the monthly returns of NFIAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.68% | 0.00% | -0.26% | 0.02% | 0.22% | 0.66% | |||||||
| 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% | 8.90% |
| 2023 | 2.69% | 0.65% | -0.25% | 0.91% | -0.24% | 2.15% | 1.26% | 1.25% | 0.69% | -0.03% | 1.44% | 1.36% | 12.50% |
| 2022 | 0.18% | -0.70% | -0.23% | 0.06% | -2.79% | -2.26% | 1.79% | 1.59% | -2.20% | 1.11% | 1.21% | 0.44% | -1.90% |
| 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% |
| 2020 | 0.26% | -1.73% | -12.67% | 5.47% | 4.81% | 1.06% | 2.14% | 1.49% | 0.34% | -0.01% | 2.30% | 1.33% | 3.63% |
| 2019 | 2.77% | 1.52% | -0.18% | 1.55% | -0.43% | 0.21% | 0.62% | -0.51% | 0.59% | -0.54% | 0.78% | 1.71% | 8.32% |
| 2018 | 0.72% | -0.02% | 0.13% | 0.43% | -0.07% | 0.04% | 0.64% | 0.35% | 0.55% | -0.14% | -1.06% | -2.66% | -1.13% |
| 2017 | 0.18% | 0.46% | -0.04% | 0.37% | 0.37% | -0.13% | 0.69% | -0.20% | 0.50% | 0.61% | 0.00% | 0.30% | 3.16% |
| 2016 | -0.61% | -0.73% | 2.79% | 1.66% | 0.41% | -0.50% | 1.55% | 0.82% | 0.58% | 0.25% | 0.16% | 0.85% | 7.40% |
| 2015 | 0.32% | 1.58% | 0.33% | 0.67% | 0.03% | -0.30% | 0.20% | -0.60% | -0.51% | -0.10% | -1.02% | -0.91% | -0.34% |
| 2014 | 0.38% | 0.08% | 0.19% | -0.02% | 0.48% | 0.37% | -0.30% | 0.29% | -0.79% | 0.40% | 0.50% | -1.07% | 0.48% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 96, NFIAX is among the top 4% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Neuberger Berman Floating Rate Income Fund (NFIAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Neuberger Berman Floating Rate Income Fund provided a 7.59% dividend yield over the last twelve months, with an annual payout of $0.71 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.71 | $0.76 | $0.78 | $0.49 | $0.33 | $0.36 | $0.46 | $0.41 | $0.34 | $0.35 | $0.36 | $0.35 |
Dividend yield | 7.59% | 8.06% | 8.28% | 5.37% | 3.36% | 3.68% | 4.72% | 4.31% | 3.41% | 3.48% | 3.78% | 3.50% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.05 | $0.05 | $0.06 | $0.05 | $0.00 | $0.21 | |||||||
| 2024 | $0.07 | $0.06 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.76 |
| 2023 | $0.06 | $0.06 | $0.07 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.07 | $0.06 | $0.07 | $0.78 |
| 2022 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.04 | $0.05 | $0.06 | $0.07 | $0.06 | $0.06 | $0.49 |
| 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 |
| 2020 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.46 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.41 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.35 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
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.
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 0.02%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -22.18% | Jan 23, 2020 | 42 | Mar 23, 2020 | 122 | Sep 15, 2020 | 164 |
| -6.53% | Jan 24, 2022 | 113 | Jul 6, 2022 | 144 | Jan 31, 2023 | 257 |
| -6.29% | Aug 1, 2011 | 18 | Aug 24, 2011 | 97 | Jan 12, 2012 | 115 |
| -5.32% | Jul 21, 2015 | 151 | Feb 24, 2016 | 67 | May 31, 2016 | 218 |
| -4.35% | Oct 11, 2018 | 53 | Dec 27, 2018 | 42 | Feb 28, 2019 | 95 |
Volatility
Volatility Chart
The current Neuberger Berman Floating Rate Income Fund volatility is 1.49%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.