# Neuberger Berman Global Flexible Credit Fund (Continued)
## Schedule of Investments (Continued)

### Financial Assets at Fair Value through Profit or Loss (continued)
Total Return Swap Contracts 0.08% (31 December 2020: 0.05%)
| Notional Amount	Termination	Variable Rate	Reference Entity	Unrealised | % of Net Assets |
| --- | --- |
| USD | 13,811,250 | 15/02/2029 | 0.751 | Goldman Sachs Basket SDHY2 | 168,324 | 0.03 |
| USD | 34,999,892 | 20/09/2021 | 0.133 | iBoxx USD Liquid High Yield Index2 | 149,928 | 0.03 |
| USD | 12,000,087 | 20/09/2021 | 0.133 | iBoxx USD Liquid High Yield Index4 | 83,205 | 0.01 |
| USD | 5,799,982 | 20/09/2021 | 0.133 | iBoxx USD Liquid High Yield Index4 | 38,297 | 0.01 |
| USD | 27,080,000 | 04/02/2028 | 0.641 | JPMorgan Bond Basket4 | 18,492 | 0.00 |
| Total Unrealised Gain on Total Return Swap Contracts ∞ | 458,246 | 0.08 |
| 1 The 1 day Overnight Fed Funds Effective rate is the benchmark for this total return swap contract. 2 The counterparty for this total return swap contract is Goldman Sachs International. 3 The 3 month LIBOR is the benchmark for this total return swap contract. 4 The counterparty for this total return swap contract is JPMorgan Chase Bank. |  |  |
|  | Fair Value US$ | % of Net Assets |
| Total Financial Assets at Fair Value through Profit or Loss | 568,220,042 | 94.56 |
| Financial Liabilities at Fair Value through Profit or Loss |  |  |
| Forward Currency Contracts (0.23%) (31 December 2020: (0.58%)) |  |  |

Date	Gain US$
| Amount Receivable | Amount Payable | Maturity Date | Counterparty | Contracts | Unrealised Loss US$ | % of Net Assets |
| --- | --- | --- | --- | --- | --- | --- |
| € 3,000,000 | US$ 3,671,550 | 19/07/2021 | Citibank NA | 1 | (112,570) | (0.02) |
| € 3,460,579 | US$ 4,165,537 | 19/07/2021 | JPMorgan Chase Bank | 3 | (60,159) | (0.01) |
| £ 38,727 | US$ 54,786 | 19/07/2021 | Citibank NA | 1 | (1,284) | (0.00) |
| £ 2,000,000 | US$ 2,830,804 | 19/07/2021 | JPMorgan Chase Bank | 1 | (67,766) | (0.01) |
| US$ 798 | CAD 1,000 | 19/07/2021 | JPMorgan Chase Bank | 1 | (10) | (0.00) |
| US$ 12,775,396 | £ 9,257,871 | 19/07/2021 | State Street Bank and Trust and Co | 1 | (14,528) | (0.00) |
| CAD Hedged Classes |  |  |  |  |  |  |
| CAD 169,872 | US$ 139,176 | 19/07/2021 | Goldman Sachs International | 2 | (1,996) | (0.00) |
| CAD 94,427 | US$ 78,415 | 19/07/2021 | Westpac Banking Corp | 1 | (2,161) | (0.00) |
| EUR Hedged Classes |  |  |  |  |  |  |
| € 7,347,152 | US$ 8,808,811 | 19/07/2021 | Citibank NA | 1 | (92,687) | (0.01) |
| € 7,543,006 | US$ 9,045,278 | 19/07/2021 | Goldman Sachs International | 4 | (96,807) | (0.02) |
| € 7,561,589 | US$ 9,057,136 | 19/07/2021 | Westpac Banking Corp | 12 | (86,618) | (0.01) |
| GBP Hedged Classes |  |  |  |  |  |  |
| £ 28,122,794 | US$ 39,741,292 | 19/07/2021 | Westpac Banking Corp | 12 | (889,122) | (0.15) |
| US$ 3,341,850 | £ 2,421,300 | 19/07/2021 | Westpac Banking Corp | 2 | (3,222) | (0.00) |

Total Unrealised Loss on Forward Currency Contracts ∞	(1,428,930)	(0.23)
844  NEUBERGER BERMAN INVESTMENT FUNDS PLC
SCHEDULE OF INVESTMENTS FINANCIAL STATEMENTS

Translation (ENDE, 2021-06-30):
# Neuberger Berman Global Flexible Credit Fund (Fortsetzung)
## Bilanz
|  |  | Zum | Zum |
| --- | --- | --- | --- |
| Anm. | 30. Juni 2021 | 31. Dezember 2020 |
|  | US$ | US$ |
| Umlaufvermögen |  |  |  |
| Finanzielle Vermögenswerte, erfolgswirksam zum beizulegenden Zeitwert bewertet |  | 568.220.042 | 583.405.806 |
| Barmittel und Barmitteläquivalente | 2 | 24.675.983 | 21.734.879 |
| Forderungen aus Wertpapierverkäufen |  | 1.759.319 | 93.147 |
| Forderungen aus ausgegebenen Anteilen |  | 88.931 | – |
| Forderungen gegenüber Brokern |  | 11.331.725 | 572.255 |
| Ertragsforderungen und sonstiges Vermögen |  | 8.504.717 | 8.114.464 |
| Vermögenswerte insgesamt |  | 614.580.717 | 613.920.551 |
|  |  |  |  |
| Kurzfristige Verbindlichkeiten |  |  |  |
| Finanzielle Verbindlichkeiten, erfolgswirksam zum beizulegenden Zeitwert bewertet |  | 4.250.406 | 3.693.752 |
| Kontenüberziehung | 3 | 933 | 427 |
| Verbindlichkeiten aus zurückgenommenen Anteilen |  | 1.949.640 | – |
| Antizipative Passiva |  | 152.549 | 225.896 |
| Verbindlichkeiten aus Wertpapierkäufen |  | 7.214.298 | 315.000 |
| Sonstige Verbindlichkeiten |  | 75.793 | 40.376 |
| Verbindlichkeiten (ohne das auf Inhaber rückzahlbarer, gewinnberechtigter Anteile entfallende	13.643.619	4.275.451 |
| Nettovermögen) |  |  |
|  |  |  |
| Auf Inhaber rückzahlbarer, gewinnberechtigter Anteile entfallendes Nettovermögen | 600.937.098 | 609.645.100 |

Die Anmerkungen im Anhang sind wesentlicher Bestandteil des Halbjahresabschlusses.
HALBJAHRESBERICHT 2021 831
HALBJAHRESABSCHLUSS GEWINN- UND VERLUSTRECHNUNG