Neuberger Corporate Hybrid Bond Fund is an active bond fund from Neuberger Berman, ISIN IE00BD9WHQ23.
Active
Bond
Global
Fund size (GBP) £2.6B
The Fund aims to increase the value of your shares through a combination of growth and income from investments in corporate hybrid bonds worldwide. Corporate hybrid bonds are structured securities which combine characteristics of both equities and bonds.Investments may be in both investment grade and sub-investment grade securities. The Fund expects to invest at least 50% of its net assets in investment grade securities and may invest in excess of 30% of its net assets in sub-investment grade securities provided there are no investments rated below B- or equivalent by a recognised rating agency.
How the fund has returned, and where it ranks among peers. Returns to Sep 2026 end, GBP net total return.
−3.8%Q1
1 year return
+14.0%Q1
3 year return
−1.5%Q1
5 year return
Chart type
Compare with
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Daily NAV, percent change from the start of the range. Source: FE fundinfo.
1 month−2.4%
3 months−3.6%
Volatility, 3 years4.8%
Ongoing charge (OCF)
Fund size (GBP)£2.6B
What the fund holds
Where the money is: sectors, countries and largest holdings. As supplied by FE fundinfo, last updated 5 Oct 2026. Swipe or use the arrows for more panels.
By sector
Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 5 Oct 2026.
Utility39.1%
Energy20.5%
Telecommunications17.4%
See all sectorsA free account shows the full list.
By country
Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 5 Oct 2026.
Canada23.7%
United States22.5%
Germany11.6%
See all countriesA free account shows the full list.
By asset class
Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 5 Oct 2026.
Canadian Corporate Fixed Interest23.7%
US Corporate Fixed Interest22.5%
German Corporate Fixed Interest11.6%
See all asset classesA free account shows the full list.
Largest holdings
The biggest positions, and how concentrated the fund is. As supplied by FE fundinfo, last updated 5 Oct 2026.
1. VOLKSWAGEN INTERNATIONAL FINANCE N.V. VAR UNDATED BDS EUR1000002.8%
2. Unibail-Rodamco-Westfield SE VAR 04/10/732.8%
3. ENBW ENERGIE BADEN-WUERTTEMBERG AG FRN 23/01/84 EUR1000002.3%
4. T 4 07/31/322.2%
5. BELL TELEPHONE COMPANY (NC5.5)2.2%
See all holdingsA free account shows the full list.
Macro events and this fund
Recent events linked to this fund by its country and sector exposure, and how it moved after. A measured move, not a cause.
Performance, risk and facts
Judge return, risk and cost before a client conversation. Relative return uses the chart's time range. Facts as reported by the manager.
Against its benchmark
How the fund compares with its benchmark over the same period.
Risk
How bumpy the ride has been, plus the regulatory risk rating.
Volatility, 3 years4.8%
Scale 0 to 40%
Sharpe ratio, 3 years (FE)0.89
Scale −1 to 3
Largest fall from a peak (maximum drawdown), 3 years
−5.8%
Alpha, 3 years (FE)
2.26
Beta, 3 years (FE)
0.78
Volatility and maximum drawdown: calculated by Funds Benchmark, as at 30 Sep 2026.
Sharpe, alpha, beta: FE fundinfo, as at 29 Jun 2026.
Regulatory risk rating (SRRI)4 of 7
Fund facts
Legal and cost facts for a client note. As reported by the manager.
ISIN
IE00BD9WHQ23
Fund manager
Prala, Serpico, Claesson, M. Brown
Management company
Neuberger Berman Asset Management Ireland Limited
Depositary
Brown Br. Harriman F. Ad. Serv. (Ireland) Ltd
Benchmark
ICE Global Non-Financial Hybrid 5% Constrained Custom Index (TR Euro Hedged),
Ongoing charge
Share class launch date
18 Feb 2016
Domicile
IE
Fund type
open-ended fund
SRRI
4 of 7
What a sum would have become
What an amount would have grown to over the period.
n/a
Past performance is not a reliable guide to future returns. Capital is at risk. Source: FE fundinfo. Returns are GBP net total return to month end unless stated. Headline returns to Sep 2026. Fund size is shown in GBP.
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