# Neuberger Berman CLO Income Fund (Continued)
## Schedule of Invesments (Continued)

### Financial Assets at Fair Value through Profit or Loss (continued)
| Principal Amount | Security Description | Coupon | Maturity Date | Fair Value US$ | % of Net Assets |
| --- | --- | --- | --- | --- | --- |
|  | Asset Backed Securities 87.87% (31 December 2020: 87.55%) (continued) |  |  |  |  |
|  | United States Dollar (continued) |  |  |  |  |
| 500,000 | Palmer Square Loan Funding 2020-3 Ltd Series 2020-3X Class D | 7.56% | 15/11/2031 | 503,812 | 0.36 |
| 4,600,000 | Palmer Squeare Loan Funding 2018-4 Ltd Series 2018-4X Class D | 4.41% | 15/11/2026 | 4,599,858 | 3.25 |
| 2,000,000 | Post CLO 2018-1 Ltd Series 2018-1X Class E | 6.05% | 16/04/2031 | 2,002,128 | 1.42 |
| 2,000,000 | PPM CLO 3 Ltd Series 2019-3X Class E | 6.80% | 17/04/2034 | 2,011,743 | 1.42 |
| 1,500,000 | Symphony CLO XXV Ltd Series 2021-25X Class E | 6.69% | 19/04/2034 | 1,501,913 | 1.06 |
| 1,500,000 | TICP CLO XI Ltd Series 2018-11X Class E | 6.19% | 20/10/2031 | 1,499,937 | 1.06 |
| 4,000,000 | Trestles CLO II Ltd Series 201802X Class D | 5.93% | 25/07/2031 | 3,902,789 | 2.76 |
| 1,675,000 | Trinitas CLO X Ltd Series 2019-10X Class E | 7.08% | 15/04/2032 | 1,681,502 | 1.19 |
| 4,000,000 | Trinitas CLO XII Ltd Series 2020-12X Class E | 7.58% | 25/04/2033 | 4,036,623 | 2.86 |
| 2,500,000 | Voya CLO 2015-1 Ltd Series 2015-1X Class DR | 5.84% | 18/01/2029 | 2,264,157 | 1.60 |
|  | Total Asset Backed Securities ** |  |  | 124,201,998 | 87.87 |
|  | Total Investments |  |  | 124,201,998 | 87.87 |

Forward Currency Contracts 0.17% (31 December 2020: 1.76%)
| Amount Receivable | Amount Payable | Maturity Date | Counterparty | Contracts | Unrealised Gain US$ | % of Net Assets |
| --- | --- | --- | --- | --- | --- | --- |
| EUR Hedged Classes |  |  |  |  |  |  |
| US$ 2,551,138 | € 2,127,932 | 19/07/2021 | Goldman Sachs International | 1 | 26,714 | 0.02 |
| US$ 2,550,082 | € 2,127,932 | 19/07/2021 | UBS AG | 1 | 25,659 | 0.02 |
| US$ 2,644,072 | € 2,206,501 | 19/07/2021 | Westpac Banking Corp | 3 | 26,440 | 0.02 |
| GBP Hedged Classes |  |  |  |  |  |  |
| £ 10,288,416 | US$ 14,162,621 | 19/07/2021 | Goldman Sachs International | 3 | 51,019 | 0.04 |
| £ 10,127,501 | US$ 13,941,953 | 19/07/2021 | UBS AG | 2 | 49,380 | 0.03 |
| £ 9,976,344 | US$ 13,727,849 | 19/07/2021 | Westpac Banking Corp | 2 | 54,659 | 0.04 |
| US$ 226,250 | £ 162,373 | 19/07/2021 | Westpac Banking Corp | 1 | 1,929 | 0.00 |
| SEK Hedged Classes |  |  |  |  |  |  |
| US$ 372,756 | SEK 3,134,350 | 19/07/2021 | Westpac Banking Corp | 2 | 6,197 | 0.00 |

Total Unrealised Gain on Forward Currency Contracts ∞	241,997	0.17
Total Return Swap Contracts 0.05% (31 December 2020: 0.05%)
Notional Amount	Termination
Date
Variable Rate1	Reference Entity	Unrealised
Gain US$
% of Net Assets
USD	14,499,955	20/09/2021	0.13	iBoxx USD Liquid High Yield Index2	62,113	0.05
Total Unrealised Gain on Total Return Swap Contracts ∞	62,113	0.05
1 The 3 month LIBOR is the benchmark for this total return swap contract.
2 The counterparty for this total return swap contract is Goldman Sachs International.
INTERIM REPORT 2021  721
FINANCIAL STATEMENTS SCHEDULE OF INVESTMENTS
| Neuberger Berman CLO Income Fund (Continued) |  |
| --- | --- |
| Schedule of Invesments (Continued) |
| Financial Assets at Fair Value through Profit or Loss (continued) |
|  | Fair Value US$ | % of Net Assets |
| Total Financial Assets at Fair Value through Profit or Loss | 124,506,108 | 88.09 |
| Financial Liabilities at Fair Value through Profit or Loss |  |  |
| Forward Currency Contracts (0.19%) (31 December 2020: (0.30%)) |  |  |

| Amount Receivable | Amount Payable | Maturity Date | Counterparty | Contracts | Unrealised Loss US$ | % of Net Assets |
| --- | --- | --- | --- | --- | --- | --- |
| € 238,224 | US$ 285,589 | 19/07/2021 | State Street Bank and Trust and Co | 1 | (2,977) | (0.00) |
| EUR Hedged Classes |  |  |  |  |  |  |
| € 4,720,181 | US$ 5,658,998 | 19/07/2021 | Goldman Sachs International | 2 | (59,320) | (0.04) |
| € 4,830,764 | US$ 5,789,101 | 19/07/2021 | UBS AG | 3 | (58,236) | (0.04) |
| € 5,249,550 | US$ 6,295,440 | 19/07/2021 | Westpac Banking Corp | 3 | (67,758) | (0.05) |
| GBP Hedged Classes |  |  |  |  |  |  |
| £ 157,647 | US$ 218,320 | 19/07/2021 | Citibank NA | 1 | (528) | (0.00) |
| £ 385,630 | US$ 540,522 | 19/07/2021 | Westpac Banking Corp | 2 | (7,767) | (0.01) |
| SEK Hedged Classes |  |  |  |  |  |  |
| SEK 15,497,022 | US$ 1,830,379 | 19/07/2021 | Goldman Sachs International | 5 | (18,017) | (0.01) |
| SEK 14,757,773 | US$ 1,744,581 | 19/07/2021 | UBS AG | 2 | (18,674) | (0.02) |
| SEK 29,482,280 | US$ 3,479,816 | 19/07/2021 | Westpac Banking Corp | 4 | (31,892) | (0.02) |
| Total Unrealised Loss on Forward Currency Contracts ∞ | (265,169) | (0.19) |
|  | Fair Value US$ | % of Net Assets |
| Total Financial Liabilities at Fair Value through Profit or Loss | (265,169) | (0.19) |
| Net Financial Assets at Fair Value through Profit or Loss | 124,240,939 | 87.90 |
| Other Net Assets | 17,103,413 | 12.10 |
| Net Assets Attributable to Holders of Redeemable Participating Shares | 141,344,352 | 100.00 |
|  |  | % of |
| Portfolio Analysis | US$ | Total Assets |
| ** Transferable securities and/or money market instruments dealt in on a regulated market | 124,201,998 | 86.49 |
| ∞  Financial derivative instruments that are traded OTC | 38,941 | 0.03 |
| Total Investments | 124,240,939 | 86.52 |

722  NEUBERGER BERMAN INVESTMENT FUNDS PLC
STATEMENT OF SIGNIFICANT PURCHASES AND SALES FINANCIAL STATEMENTS

Translation (ENDE, 2021-06-30):
# Neuberger Berman CLO Income Fund (Fortsetzung)
## Gewinn- und Verlustrechnung
Sechsmonatiger Berichtszeitraum
Sechsmonatiger Berichtszeitraum
Erträge
Anm.	30. Juni 2021	30. Juni 2020
US$	US$
| Zinserträge | 3.912.623 | 6.137.396 |
| --- | --- | --- |
| Nettogewinn/(-verlust) aus erfolgswirksam zum beizulegenden Zeitwert be und Verbindlichkeiten | werteten finanziellen Vermögenswerten | 2.664.473 | (26.381.494) |
|  |  | 6.577.096 | (20.244.098) |
|  |  |  |  |
| Aufwendungen |  |  |  |
| Managementgebühr | 5 | 422.986 | 416.041 |
| Verwaltungsgebühren | 5 | 64.001 | 81.349 |
| Bereitstellungsprovision | 16 | 9.848 | 7.251 |
| Depotgebühren | 5 | 5.955 | 5.958 |
| Gebühren der Verwahrstelle | 5 | 3.671 | 7.677 |
| Honorare | 7 | 33.858 | 31.122 |
| Honorare der Direktoren | 6 | 2.413 | 2.375 |
| Transaktionskosten | 7 | 6.997 | 8.441 |
| Prüfungshonorare | 7 | 5.265 | 8.055 |
| Umsatzsteuerentlastung |  | (640) | (533) |
| Sonstige Aufwendungen | 7 | – | 7.175 |
| Aufwendungen insgesamt |  | 554.354 | 574.911 |
|  |  |  |  |
| Finanzierungskosten |  |  |  |
| Gezahlte Ausschüttungen | 1 | 2.464.987 | 4.021.760 |
|  |  | 2.464.987 | 4.021.760 |

Auf Inhaber rückzahlbarer, gewinnberechtigter Anteile entfallender Gewinn/(Verlust) aus der Geschäftstätigkeit
Alle Gewinne und Verluste ergaben sich ausschließlich aus der laufenden Geschäftstätigkeit.
3.557.755	(24.840.769)
Die Anmerkungen im Anhang sind wesentlicher Bestandteil des Halbjahresabschlusses. 718 NEUBERGER BERMAN INVESTMENT FUNDS PLC
AUFSTELLUNG ÜBER DIE ENTWICKLUNG DES NETTOVERMÖGENS HALBJAHRESABSCHLUSS