Investment Portfolio

INVESTMENT PROCESS1

Top-down and bottom-up approach with multiple potential alpha sources

Investment Process Investment Process
ASSET ALLOCATION2
Asset Allocation Asset Allocation
HIGHLIGHTS
Traditional Credit
50 – 70% will invest in high yield bonds, floating rate loans and investment grade corporate bonds
Alternative Credit
30 – 50% invests in meaning “special situations”, mezzanine debt, “club” loan transactions and private corporate loans3
Currency Management
A portfolio fully hedged to GBP
Diversification
Diversified across sector, region and quality
PERFORMANCE & STATISTICS
CURRENT INVESTMENTS
Petróleos Mexicanos (PEMEX)
Petróleos Mexicanos (PEMEX) is Mexico’s national oil company. The company is a producer, refiner, and distributor of crude oil, natural gas, and petroleum products. PEMEX is one of the largest companies in Latin America. Owned by the Government of Mexico (state-owned).
ZF Friedrichshafen
ZF Friedrichshafen AG is a tier-1 supplier to the automotive industry and global leader in transmissions, powertrain and chassis technology with a global workforce of 150,000 across 230 locations in 40 countries. Owned by the German town of Friedrichshafen (quasi state backing).
Fund Literature
Access key documents library for NBMI including factsheets, holdings, financial reports and corporate governance.
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