LSE:NBLU

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NB Global Floating Rate Income Fund

Executive Summary

NB Global Floating Rate Income Fund Limited is a closed-ended fixed income mutual fund launched and managed by Neuberger Berman Europe Limited.


Snowflake Analysis

Share Price & News

How has NB Global Floating Rate Income Fund's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NBLU's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.9%

NBLU

-1.2%

GB Capital Markets

2.0%

GB Market


1 Year Return

-12.1%

NBLU

9.7%

GB Capital Markets

-12.8%

GB Market

Return vs Industry: NBLU underperformed the UK Capital Markets industry which returned 9.7% over the past year.

Return vs Market: NBLU matched the UK Market which returned -12.5% over the past year.


Shareholder returns

NBLUIndustryMarket
7 Day1.9%-1.2%2.0%
30 Day7.2%8.4%5.7%
90 Day-9.9%1.2%-8.2%
1 Year-7.2%-12.1%12.2%9.7%-8.6%-12.8%
3 Year-6.1%-18.2%57.2%46.0%-6.2%-17.6%
5 Year4.5%-16.2%127.6%102.2%12.7%-12.5%

Price Volatility Vs. Market

How volatile is NB Global Floating Rate Income Fund's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is NB Global Floating Rate Income Fund undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether NB Global Floating Rate Income Fund is trading at an attractive price based on the cash flow it is expected to produce in the future. But as NB Global Floating Rate Income Fund has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.

Future Growth

How is NB Global Floating Rate Income Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.1%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as NB Global Floating Rate Income Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has NB Global Floating Rate Income Fund performed over the past 5 years?

22.0%

Historical Diversified Financials annual earnings growth


In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, NB Global Floating Rate Income Fund has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.

Financial Health

How is NB Global Floating Rate Income Fund's financial position?


In this section we usually analyse NB Global Floating Rate Income Fund's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. NB Global Floating Rate Income Fund has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.

Dividend

What is NB Global Floating Rate Income Fund's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate NBLU's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate NBLU's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if NBLU's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NBLU's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NBLU's dividend in 3 years as they are not forecast to pay a notable one for the UK market.

Management

How experienced are the management team and are they aligned to shareholders interests?

9.2yrs

Average board tenure


CEO

NB Global Floating Rate Income Fund has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Richard Battey
Independent Non-Executive Director9.17yrsUS$78.85kno data
Rupert Dorey
Director5.17yrsno datano data
William Frewen
Chairmanno dataUS$86.77kno data
Sandra Platts
Independent Non-Executive Director9.17yrsUS$70.92kno data

9.2yrs

Average Tenure

59yo

Average Age

Experienced Board: NBLU's board of directors are considered experienced (9.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

NB Global Floating Rate Income Fund Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: NB Global Floating Rate Income Fund Limited
  • Ticker: NBLU
  • Exchange: LSE
  • Founded: 2011
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: UK£0
  • Shares outstanding: 0
  • Website: https://www.nbgfrif.com/pindex.html

Location

  • NB Global Floating Rate Income Fund Limited
  • 4th Floor
  • Lansdowne House
  • London
  • Greater London
  • W1J 6ER
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NBLSLSE (London Stock Exchange)YesRED ORD NPV GBPGBGBPApr 2011
NBLULSE (London Stock Exchange)RED ORD NPV USDGBUSDApr 2011
NBLSLBATS-CHIXE (BATS 'Chi-X Europe')YesRED ORD NPV GBPGBGBPApr 2011

Biography

NB Global Floating Rate Income Fund Limited is a closed-ended fixed income mutual fund launched and managed by Neuberger Berman Europe Limited. The fund is co-managed by Neuberger Berman Investment Advisers, LLC. It invests in fixed income markets across the globe. The fund primarily invests in floating rate senior secured loans issued in U.S. Dollars, Sterling, and Euros by corporations, partnerships, and other business issuers. It seeks to invest in non-investment grade securities that are rated below the four highest categories by at least two independent credit rating agencies. The fund employs fundamental analysis with both bottom-up and top-down approaches, focusing on detailed security and industry analysis with a global economic outlook to create its portfolio. NB Global Floating Rate Income Fund Limited was formed on March 10, 2011 and is domiciled in Guernsey. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/31 23:20
End of Day Share Price2020/05/29 00:00
EarningsN/A
Annual EarningsN/A


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.