NB Global Floating Rate GBP (Ordinary Share) NBLS

Sector Specialist: Securitised Debt

Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Add to Virtual Portfolio | Print page

Estimated NAV (p)

98.00

Share Price (p)

96.25

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
NB Global Floating Rate GBP (Ordinary Share) Price 11.46%
NB Global Floating Rate GBP (Ordinary Share) NAV 18.84%
FTSE World 42.34%
Total Returns on £1000

Discount / Premium Movement

Discount / Premium Movement

Shares

Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 96.0p -2.5% 98.00p 98.00p
28 Oct
100% 3.73%

Discrete performance % over

Fund / BenchmarkNov '11
Oct '12
Nov '12
Oct '13
Nov '13
Oct '14
NB Global Floating Rate GBP (Ordinary Share) Price5.439.91-3.82
NB Global Floating Rate GBP (Ordinary Share) NAV10.745.222.00
FTSE World6.7726.115.71

Discrete performance over

Discrete Performance

Top 10 Holdings

First Data Corp 1.87%
Univision Communications Inc 1.76%
Scientific Games 1.60%
Numericable 1.54%
Level 3 Financing Inc 1.36%
Clear Channel Communications, Inc. 1.28%
Station Casinos 1.22%
Casema N.V. (Dutch Cable) 1.04%
Michaels Stores Inc 1.01%
Cumulus Media, Inc. A 0.98%

Sectors weighting

Miscellaneous 40.40%
Business Services 10.90%
Hotels & Leisure 9.60%
Electricals 6.70%
Retail General 5.30%
General Industrials 5.30%
Financial Services 5.20%
Healthcare 4.70%
Broadcasting & Cable TV 4.10%
Telecommunications 3.90%
Chemicals 3.90%
  • Investment trust info:

  • Sector Sector Specialist: Securitised Debt
  • Launch Date 20 Apr 2011
  • Base Currency GBX
  • Domicile Guernsey
  • Share Price (p) 96.25
  • Share Type Ordinary Share
  • TIDM NBLS
  • ISIN GG00B3KX4Q34
  • Shares Issued (M) 1,251
  • Market Capital (£M) 1201.15
  • Gross Assets (£M) 1232.03
  • Net Assets (£M) 1232.03
  • TER (%) 0.84
  • Historic Dividend Yield (%) 3.73
  • Next Dividend Date 16 Jan 2015
  • Next Dividend (p) 0.95
  • Last AGM 18 Jun 2014
  • Next AGM 18 Jun 2015
  • Last Annual Report Date 13 May 2014
  • Next due Report Date  
  • Next due Report Type I/R
  • Objective:

  • To provide regular dividends, while growing the capital value of its portfolio by investing in floating rate senior secured loans issued by North American and European Union corporations, partnerships and other business issuers.
  • Management Group(s):

  • BNP Paribas Fund Services
  • Neuberger Berman Europe Limited
  • Managed by:

  • Team Managed Start: 20 Apr 2011
  • Team Managed Start: 31 Jan 2012
  • Team Managed Start: 20 Apr 2011
  • Team Managed Start: 20 Apr 2011
  • Management Contract & Fees:

    The Investment Manager will receive an annual fee of 0.75% for NAV lower than GBP 1,000m; 0.7% for assets between GBP 1,000m and GBP 2,000m; 0.65% for assets greater than GBP 2,000m p.a., payable quarterly in arrears. No performance fee will be payable to the Investment Manager. The Investment Management Agreement is terminable by either the Investment Manager or the Company giving to the other not less than six months written notice. It is currently expected that administration and custody fees will not exceed 0.2 % of NAV in any year.