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Trending ETFs

Neuberger Berman Strategic Income Fund

mutual fund
NSTLX
Dividend policy
Active
Price as of:
$11.49 +0.0 +0%
primary theme
Bond Sector Diversified
NSTLX (Mutual Fund)

Neuberger Berman Strategic Income Fund

Dividend policy
Active
Price as of:
$11.49 +0.0 +0%
primary theme
Bond Sector Diversified
NSTLX (Mutual Fund)
Neuberger Berman Strategic Income Fund
Dividend policy
Active
Price as of:
$11.49 +0.0 +0%
primary theme
Bond Sector Diversified

NSTLX - Snapshot

Vitals

  • YTD Return 0.1%
  • 3 Yr Annualized Return 6.6%
  • 5 Yr Annualized Return 5.3%
  • Net Assets $3.12 B
  • Holdings in Top 10 48.6%

52 WEEK LOW AND HIGH

$11.49
$10.94
$11.53

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.60%

SALES FEES

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

BROKERAGE FEES

  • Turnover 107.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification

  • Primary Theme Bond Sector Diversified
  • Fund Type Open End Mutual Fund
  • Investment Style Multisector Bond

Compare NSTLX to Popular Bond Sector Diversified Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$12.09

-0.08%

$140.17 B

4.10%

$0.50

blocked
blocked
blocked

-0.17%

1.09%

$10.36

0.00%

$41.21 B

2.63%

$0.27

blocked
blocked
blocked

-0.10%

0.75%

$8.52

+0.12%

$24.92 B

3.41%

$0.29

blocked
blocked
blocked

1.31%

0.78%

$12.80

0.00%

$16.22 B

2.11%

$0.27

blocked
blocked
blocked

1.51%

0.96%

$9.54

0.00%

$12.13 B

4.34%

$0.41

blocked
blocked
blocked

1.17%

0.41%

Compare NSTLX to Popular Bond Sector Diversified ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$26.38

+0.23%

$1.78 B

4.54%

$1.20

blocked
blocked
blocked

1.70%

0.50%

$21.67

+0.16%

$1.15 B

2.50%

$0.54

blocked
blocked
blocked

-1.72%

0.28%

$26.63

-0.06%

$451.89 M

2.84%

$0.76

blocked
blocked
blocked

-0.19%

0.76%

$26.01

-0.12%

$208.51 M

1.51%

$0.39

blocked
blocked
blocked

1.12%

0.65%

$46.96

+0.13%

$202.09 M

2.05%

$0.96

blocked
blocked
blocked

-0.45%

0.23%

NSTLX - Profile

Distributions

  • YTD Total Return 0.1%
  • 3 Yr Annualized Total Return 6.6%
  • 5 Yr Annualized Total Return 5.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.59%
DIVIDENDS
  • Dividend Yield 4.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Neuberger Berman Strategic Income Fund
  • Fund Family Name
    Neuberger Berman
  • Inception Date
    Jul 11, 2003
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Bradley Tank

Fund Description

The fund invests primarily in a diversified mix of debt securities. It 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; foreign securities, including emerging markets; corporate bonds; commercial paper; mortgage-backed and other asset-backed securities; and loans.


NSTLX - Performance

Return Ranking - Trailing

Period NSTLX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.1% -34.4% 23.7% 58.13%
1 Yr 11.3% -43.4% 54.3% 27.30%
3 Yr 6.6%* -15.5% 11.8% 14.98%
5 Yr 5.3%* -17.0% 14.5% 27.33%
10 Yr 4.8%* -1.6% 12.9% 22.60%

* Annualized

Return Ranking - Calendar

Period NSTLX Return Category Return Low Category Return High Rank in Category (%)
2020 3.5% -49.2% 314.3% 27.88%
2019 6.1% -35.1% 15.3% 27.82%
2018 -6.4% -48.0% 3.4% 70.48%
2017 3.1% -14.8% 11.2% 24.51%
2016 2.8% -11.2% 10.7% 52.95%

Total Return Ranking - Trailing

Period NSTLX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.1% -34.4% 23.4% 58.13%
1 Yr 11.3% -46.7% 54.3% 24.05%
3 Yr 6.6%* -17.1% 13.4% 13.87%
5 Yr 5.3%* -18.0% 14.5% 24.53%
10 Yr 4.8%* -1.6% 12.9% 20.89%

* Annualized

Total Return Ranking - Calendar

Period NSTLX Return Category Return Low Category Return High Rank in Category (%)
2020 3.5% -49.2% 314.3% 27.88%
2019 6.1% -35.1% 15.3% 31.43%
2018 -6.4% -48.0% 8.0% 78.28%
2017 3.1% -14.8% 15.2% 48.12%
2016 2.8% -11.2% 17.7% 64.95%

NAV & Total Return History


NSTLX - Holdings

Concentration Analysis

NSTLX Category Low Category High NSTLX % Rank
Net Assets 3.12 B 10 140 B 19.07%
Number of Holdings 1282 3 8055 16.61%
Net Assets in Top 10 -250 M -3.15 B 6.07 B 95.57%
Weighting of Top 10 48.60% 4.2% 100.0% 24.29%

Top 10 Holdings

  1. Us 10yr Note (Cbt)sep21 Xcbt 20210921 11.53%
  2. Us 10yr Note (Cbt)sep21 Xcbt 20210921 11.53%
  3. Us 10yr Note (Cbt)sep21 Xcbt 20210921 11.53%
  4. Us 10yr Note (Cbt)sep21 Xcbt 20210921 11.53%
  5. Us 10yr Note (Cbt)sep21 Xcbt 20210921 11.53%
  6. Us 10yr Note (Cbt)sep21 Xcbt 20210921 11.53%
  7. Us 10yr Note (Cbt)sep21 Xcbt 20210921 11.53%
  8. Us 10yr Note (Cbt)sep21 Xcbt 20210921 11.53%
  9. Us 10yr Note (Cbt)sep21 Xcbt 20210921 11.53%
  10. Us 10yr Note (Cbt)sep21 Xcbt 20210921 11.53%

Asset Allocation

Weighting Return Low Return High NSTLX % Rank
Bonds
77.66% -146.87% 217.61% 71.83%
Cash
19.48% -155.41% 259.83% 20.17%
Convertible Bonds
2.62% 0.00% 129.09% 37.15%
Preferred Stocks
0.14% 0.00% 31.40% 43.30%
Other
0.08% -45.66% 104.83% 27.18%
Stocks
0.01% -54.77% 184.68% 70.97%

Bond Sector Breakdown

Weighting Return Low Return High NSTLX % Rank
Corporate
46.69% 0.00% 100.00% 47.72%
Securitized
22.78% 0.00% 98.90% 37.52%
Cash & Equivalents
15.01% 0.00% 100.00% 28.91%
Government
14.28% 0.00% 99.63% 39.98%
Municipal
1.24% 0.00% 55.87% 10.46%
Derivative
0.00% 0.00% 59.04% 90.77%

Bond Geographic Breakdown

Weighting Return Low Return High NSTLX % Rank
US
55.33% -147.15% 292.53% 65.31%
Non US
22.33% -225.98% 126.35% 39.73%

NSTLX - Expenses

Operational Fees

NSTLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.60% 0.02% 5.53% 87.55%
Management Fee 0.55% 0.00% 2.25% 37.48%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.70% 76.60%

Sales Fees

NSTLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

NSTLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.40% 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.

NSTLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 107.00% 0.00% 498.00% 62.52%

NSTLX - Distributions

Dividend Yield Analysis

NSTLX Category Low Category High NSTLX % Rank
Dividend Yield 4.07% 0.00% 3.35% 81.46%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

NSTLX Category Low Category High NSTLX % Rank
Net Income Ratio 3.59% -1.28% 11.44% 34.57%

Capital Gain Distribution Analysis

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

Dividend Payout History

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NSTLX - Fund Manager Analysis

Managers

Bradley Tank


Start Date

Tenure

Tenure Rank

Feb 28, 2008

13.35

13.4%

Brad C. Tank is a Managing Director of the Manager. He joined the firm in 2002 and is the Chief Investment Officer and Global Head of Fixed Income. He is a member of the firm’s Operating, Investment Risk, Asset Allocation and Fixed Income’s Investment Strategy Committees, and leads the Fixed Income Multi-Sector Group. He joined the firm after 23 years of experience in trading and asset management. From 2008 through 2015, Brad was 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.

David Brown


Start Date

Tenure

Tenure Rank

Apr 24, 2009

12.19

12.2%

David M. Brown, CFA, Managing Director, rejoined the firm in 2003. Dave is Global Co-Head of Investment Grade and acts as Senior Portfolio Manager on both Global Investment Grade and Multi-Sector Fixed Income strategies. He is a member of the Fixed Income Investment Strategy Committee and the Fixed Income Multi-Sector Group. Dave also leads the Investment Grade Credit team in determining credit exposures across both Global Investment Grade and Multi-Sector Fixed Income strategies. Dave 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.

Thanos Bardas


Start Date

Tenure

Tenure Rank

Apr 24, 2009

12.19

12.2%

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.

Ashok Bhatia


Start Date

Tenure

Tenure Rank

Dec 07, 2017

3.56

3.6%

Ashok K. Bhatia, CFA, is a Managing Director of the Manager. He joined the firm in July 2017 and is the Deputy Chief Investment Officer of Fixed Income. He is a lead portfolio manager on multi-sector fixed income strategies and is also 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
0.01 27.52 5.52 2.28