Neuberger Berman Event Driven Fund USD I Accumulating Class

Overview

Fund classes:
Neuberger Berman Event Driven Fund USD I Accumulating Class
$11.93 Price
$-0.01
-0.08%
Today's Change
ISIN IE000F96D003
Share Class Accumulation
Ongoing Charge 1.09%
Annual Management Charge 1%

The Fund seeks to generate positive market neutral, absolute risk adjusted returns with low correlation to broader equity markets through utilising event driven strategies. Event driven strategies are based on announced or anticipated events or a series of events and on investing in the securities of companies that could be affected by the occurrence of such events. There can be no guarantee that the Fund will ultimately achieve its investment objective. The Fund will take both long and synthetic short positions in global equity securities utilising event driven strategies. The Fund will take long positions in respect of equity securities that it expects to increase in value and take synthetic short positions in respect of equity securities that it expects to decrease in value. Additionally, the following sub-strategies will be implemented within the Fund:  Risk-Arbitrage: Risk arbitrage concentrates on investments in the securities of companies that are involved in a takeover or merger.  Market Neutral Catalyst: The Market neutral catalyst strategy focuses on investments in anticipation of a corporate catalyst i.e. events such as corporate reorganisations, major litigation, management changes and significant asset sales, which can have a significant impact on the valuation of securities issued by the issuers which are subject to these events.  Equity Capital Markets: The Fund may also invest in new issue and secondary issued equity securities. The Fund is actively managed and it is not constrained by the benchmark, S&P 500 Index (Total Return, Net of tax, USD), which is used for performance comparison purposes only. The Fund does not apply the ESG Policy and deems Sustainability Risks not to be relevant to the Fund strategy. This Fund may not be appropriate for short-term investment and is more suitable as part of a diversified portfolio. You may sell your shares on any day when the financial markets in London and New York are open for business. Your shares do not pay you income, but returns are reinvested to grow capital. Transaction costs will reduce the Fund's return.

Performance

Price and Net Asset Value breakdown

Midprice $11.93
Change on Day $-0.01
Change on Day % -0.08%
52 week high $12.06
52 week low $10.91
Fund currency USD
Date updated 10 July 2025

Fund details

Fund Type Open Ended Investment Company
Unit Type Accumulation
Standard initial Charge -
Annual Management Charge 1%
Dividend Frequency -
Latest Distribution Info -

Fund manager information

Fund Manager Company Neuberger Berman

Fund manager biographies

Name Joe Rotter
Since 26 October 2022
Bio
View all manager information