Fund Research for LEHMAN BROS INCOME FDS (LBHBX)

  • Fund Overview

    Fund Inception Date: Jan 31, 1992
    Category: High Yield Bond
    Overall Risk: Below Average
    Fund Family: Neuberger Berman
    Return Since Inception: 7.68%
    YTD Return: 45.92%
    Yield (TTM): 8.79%
    Net Assets: 292.32 M
    Morningstar Rating:
    5 of 5
    The investment seeks high total returns consistent with capital preservation. The fund normally invests in a diversified portfolio of U.S. intermediate-term, high-yield corporate bonds or unrated bonds deemed by the portfolio managers to be of comparable quality. Most of these bonds are below investment grade. It normally expects to have a weighted averaged maturity between five and ten years.

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    Details
    Average Eff Duration 4.34 Yrs
    Average Eff Maturity 6.6 Yrs
    Average Credit Quality B
    Morningstar Rating as of 04/30/2009
    YTD Returns as of 11/25/2009    		 Style Box Detail calculations do not include the fund's short positions (if any)

  • Fund Performance

    10 year Growth Chart
    Growth of $10,000 from 12/31/1998 to 10/31/2009
    Mouseover the chart to see values for each month.

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    Total Annualized Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Fund 45.92% 56.54% 6.81% 5.71% 6.95% 7.68%
    +/- Category 3.28% 6.39% 4.21% 1.71% 2.31% —
    +/- Barclays US Aggregate Bond TR USD — — — — 6.31% —

    Standardized Annual Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Month (as of 04/30/2009) 44.83% 44.52% 6.87% 5.64% 6.95% 7.68%
    Quarter (as of 03/31/2009) 42.32% 23.70% 6.70% 5.55% 6.69% 7.61%
    Fund and Category YTD, 1yr, 3yr and 5yr Returns as of 11/25/2009
    Index YTD,1yr, 3ys and 5yr Returns as of 11/25/2009 10 yr and Since Inception Returns as of 04/30/2009
    Inception Date: 01/31/1992
    Ratings are based on risk-adjusted performance.
    View Total Returns

  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    US Government 0.00%
    Mortgage 0.00%
    Credit 90.80%
    Foreign 4.98%
    Cash 4.20%
    Bond Quality
    AAA 4.12%
    AA 0.00%
    A 1.07%
    BBB 5.10%
    BB 29.10%
    B 40.24%
    Below B 20.37%
    Not Rated 0.00%

    Asset Allocation

    Short Long Net Assets
    Cash — 4.20% 4.20%
    Stocks — 0.00% 0.00%
    Bonds — 95.78% 95.78%
    Other — 0.03% 0.03%
    Foreign Stocks
    (as a % of assets)    		 — 0.00% 0.00%
    Data as of 09/30/2009 Data as of 04/30/2009 View Fund Portfolio

    Top 10 Holdings

    Maturity Date Total Holdings Value of Holdings Net Assets
    * Cash & Cash Equivalents 12/01/2030 23.65 M 23.65 M 5.27%
    * Texas Comp Elec 3.906% 10/10/2014 18.82 M 14.28 M 3.18%
    = Roseton Danskammer Pt 2001 7.67% 11/08/2016 10.52 M 9.42 M 2.10%
    + Amer Gen Fin Medtm Srnt Be 6.9% 12/15/2017 13.91 M 8.59 M 1.92%
    + Sabine Pass Lng L P 7.5% 11/30/2016 10.39 M 8.42 M 1.88%
    = Sungard Data Sys 10.25% 08/15/2015 8.4 M 8.32 M 1.85%
    - Gmac 144A 6.875% 09/15/2011 8.32 M 7.67 M 1.71%
    + Ford Motor Credit 7% 10/01/2013 8.39 M 7.48 M 1.67%
    + Albritton Comms 7.75% 12/15/2012 8.44 M 7.22 M 1.61%
    = Sprint Cap 6.88% 11/15/2028 9.82 M 7.14 M 1.59%
    + Increase - Decrease = No change * New since last portfolio
    Data as of 08/31/2009
    Top 10 holdings account for the fund's short positions (if any). Net short positions appear shaded.
    View Fund Portfolio

  • Sales Information

    Sales Charge %

    Initial —
    Deferred —
    Taken from prospectus dated 05/15/2009
    Expense Ratio (based on net assets) 0.92%
    Taken from annual report dated 12/31/2008

  • Fund Management