NSTTX: Neuberger Berman Strategic Income Tr

Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

NSTTX Neuberger Berman Strategic Income Tr

  • Fund
  • NSTTX
  • Price as of: Dec 12, 2019
  • $11.03
    - $0.01 - 0.09%

Profile

NSTTX - Profile

Vitals

  • YTD Return 5.6%
  • 3 Yr Annualized Return 0.7%
  • 5 Yr Annualized Return -0.1%
  • Net Assets $2.9 B
  • Holdings in Top 10 45.5%

52 WEEK LOW AND HIGH

$11.03
$10.40
$11.04

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.00%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 116.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Jun 01, 2009
  • Standard (Taxable) $1,000
  • IRA $1,000

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Multisector Bond

Distributions

  • YTD Total Return 5.6%
  • 3 Yr Annualized Total Return 0.7%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.37%
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Neuberger Berman Strategic Income Fund
  • Fund Family Name
    Neuberger Berman
  • Inception Date
    Apr 02, 2007
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Bradley C. Tank

Fund Description

The fund invests primarily in a diversified mix of fixed rate and floating rate debt securities. Its investments may include securities issued by domestic and foreign governments, corporate entities, and trust structures. The fund may invest in a broad array of securities, including: securities issued or guaranteed as to principal or interest by the U.S. government or any of its agencies or instrumentalities; inflation-linked debt securities; municipal securities; corporate bonds; commercial paper; MBS and other asset-backed securities; and loans.


Get Updates About NSTTX

Sign up for Advisor Access to receive email updates about NSTTX competitors, news, CE accredited webcasts and more.

Please Enter Your Email
Please Select Your Advisor Type

Categories

Performance

NSTTX - Performance

Return Ranking - Trailing

Period NSTTX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.6% -35.1% 13.7% 59.76%
1 Yr 4.8% -6.5% 19.3% 56.51%
3 Yr 0.7%* -11.6% 10.2% 48.45%
5 Yr -0.1%* -20.4% 9.3% 63.79%
10 Yr 0.4%* -3.6% 8.7% 58.73%

* Annualized

Return Ranking - Calendar

Period NSTTX Return Category Return Low Category Return High Rank in Category (%)
2018 -6.4% -48.0% 0.8% 59.42%
2017 3.2% -14.8% 11.2% 27.78%
2016 2.7% -11.2% 19.1% 64.60%
2015 -5.4% -51.1% -0.7% 44.30%
2014 0.2% -29.8% 5.0% 26.77%

Total Return Ranking - Trailing

Period NSTTX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.6% -35.1% 13.7% 62.43%
1 Yr 4.8% -6.5% 19.3% 65.09%
3 Yr 0.7%* -13.3% 10.2% 70.45%
5 Yr 0.0%* -21.4% 9.3% 75.72%
10 Yr 0.9%* -3.6% 8.7% 53.97%

* Annualized

Total Return Ranking - Calendar

Period NSTTX Return Category Return Low Category Return High Rank in Category (%)
2018 -6.4% -48.0% 4.8% 69.97%
2017 3.2% -14.8% 14.0% 51.74%
2016 2.7% -11.2% 22.5% 73.72%
2015 -5.4% -51.1% 3.8% 54.01%
2014 0.7% -29.8% 11.7% 36.87%

NAV & Total Return History


Holdings

NSTTX - Holdings

Concentration Analysis

NSTTX Category Low Category High NSTTX % Rank
Net Assets 2.9 B 6.44 M 132 B 23.12%
Number of Holdings 1332 5 7570 14.33%
Net Assets in Top 10 502 M -42.1 B 5.96 B 14.04%
Weighting of Top 10 45.45% 6.6% 410.5% 27.51%

Top 10 Holdings

  1. United States Treasury Notes 2% 9.03%
  2. US Ultra Bond (CBT) Dec19 7.22%
  3. US 10 Year Ultra Future Dec19 5.06%
  4. Future on US 2 Year Note (CBT) 4.89%
  5. United States Treasury Notes 0.12% 4.26%
  6. Federal National Mortgage Association 3.5% 3.44%
  7. Federal National Mortgage Association 3% 3.32%
  8. Government National Mortgage Association 4% 2.98%
  9. Euro BOBL Future Dec19 2.63%
  10. United States Treasury Bonds 2.75% 2.62%

Asset Allocation

Weighting Return Low Return High NSTTX % Rank
Bonds
97.62% 31.88% 157.00% 13.47%
Cash
1.22% -76.54% 62.04% 83.95%
Convertible Bonds
1.15% 0.00% 11.31% 43.27%
Stocks
0.00% -25.45% 22.96% 68.19%
Preferred Stocks
0.00% 0.00% 64.36% 63.04%
Other
0.00% -55.89% 27.77% 44.70%

Bond Sector Breakdown

Weighting Return Low Return High NSTTX % Rank
Corporate
46.93% 0.00% 97.25% 54.44%
Securitized
29.35% 0.00% 111.40% 38.40%
Government
20.96% -47.30% 99.34% 34.10%
Municipal
1.54% 0.00% 39.07% 14.90%
Cash & Equivalents
1.26% -76.54% 62.04% 85.10%
Derivative
-0.04% -5.84% 43.66% 72.21%

Bond Geographic Breakdown

Weighting Return Low Return High NSTTX % Rank
US
100.33% 14.19% 140.38% 5.73%
Non US
-2.71% -13.53% 77.28% 97.71%

Expenses

NSTTX - Expenses

Operational Fees

NSTTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.00% 0.00% 76.93% 64.46%
Management Fee 0.80% 0.00% 2.25% 81.79%
12b-1 Fee 0.10% 0.00% 1.00% 23.26%
Administrative Fee 0.40% 0.00% 0.50% 95.54%

Sales Fees

NSTTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

NSTTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

NSTTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 116.00% 2.00% 899.00% 73.35%

Distributions

NSTTX - Distributions

Dividend Yield Analysis

NSTTX Category Low Category High NSTTX % Rank
Dividend Yield 1.24% 0.00% 6.88% 61.06%

Dividend Distribution Analysis

NSTTX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

NSTTX Category Low Category High NSTTX % Rank
Net Income Ratio 3.37% 0.86% 10.10% 70.78%

Capital Gain Distribution Analysis

NSTTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

NSTTX - Fund Manager Analysis

Managers

Bradley C. Tank


Start Date

Tenure

Tenure Rank

Feb 28, 2008

11.76

11.8%

Brad C. Tank, Managing Director, joined the firm in 2002 and is the Chief Investment Officer and Global Head of Fixed Income. He is a member of Neuberger Berman’s Operating, Investment Risk, Asset Allocation Committees and Fixed Income’s Investment Strategy Committee, and leads the Fixed Income Multi-Sector Group. From inception in 2008 through 2015, Brad was also Chief Investment Officer of Neuberger Berman’s Multi-Asset Class Investment business and remains an important member of that team along with the firm’s other CIOs. From 1990 to2002, Brad was director of fixed income for Strong Capital Management in Wisconsin. He was also a member of the Office of the CEO and headed institutional and intermediary distribution. In 1997, Brad was named “Runner Up” for Morningstar Mutual Fund Manager of the Year. From 1982 to 1990, he was a vice president at Salomon Brothers in the government, mortgage and financial institutions areas. Brad earned a BBA and an MBA from the University of Wisconsin.

Thanos Bardas


Start Date

Tenure

Tenure Rank

Apr 24, 2009

10.61

10.6%

Thanos Bardas, PhD, Managing Director, joined the firm in 1998. Thanos is the Head of Global Rates and serves as a Senior Portfolio Manager on Global Investment Grade and Multi-Sector Fixed income strategies. He sits on the firm’s Asset Allocation Committee and Fixed Income’s Investment Strategy Committee, and is a member of the Fixed Income Multi-Sector Group. Thanos also leads the Global Rates team in determining rates exposure across various portfolio strategies and oversees both inflation and LDI investments. Thanos graduated with honors from Aristotle University, Greece, earned his MS from the University of Crete, Greece, and holdsa PhD in Theoretical Physics from State University of New York at Stony Brook. He holds FINRA Series 7 and Series 66 licenses.

David M. Brown


Start Date

Tenure

Tenure Rank

Apr 24, 2009

10.61

10.6%

Mr. Brown, CFA, Managing Director, re-joined Neuberger Berman in 2003. Mr. Brown is Head of Investment Grade Corporate Strategies and Head of Corporate Trading. Mr. Brown is also a member of the Investment Grade Strategy Committee and is responsible for determining credit exposures across various portfolio strategies and for managing the credit trading group.He initially joined the firm in 1991 after graduating from the University of Notre Dame with a BA in Government and subsequently received his MBA in Finance from Northwestern University. Prior to his return, he was a senior credit analyst at Zurich Scudder Investments and later a credit analyst and portfolio manager at Deerfield Capital. Dave has been awarded the Chartered Financial Analyst designation.

Ashok Bhatia


Start Date

Tenure

Tenure Rank

Dec 07, 2017

1.98

2.0%

Ashok K. Bhatia, CFA, Managing Director, joined the firm in 2017. Ashok is a Senior Portfolio Manager in the Fixed Income Multi-Sector Group and is a member of the Multi-Asset Class portfolio management team, the Fixed Income Investment Strategy Committee and the firm’s Asset Allocation Committee. Previously, Ashok has held senior investment and leadership positions in several asset management firms and hedge funds, including Wells Fargo Asset Management, Balyasny Asset Management, and Stark Investments. Ashok has had investment responsibilities across global fixed income and currency markets. Ashok began his career in 1993 as an investment analyst at Morgan Stanley. Ashok received a BA with high honors in Economics from the University of Michigan, Ann Arbor, and an MBA with high honors from the University of Chicago. He has been awarded the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.56 5.28 0.92