Neuberger Berman Advisers Management Trust Short Duration Bond Portfolio I class Strategy

The investment seeks the highest available current income consistent with liquidity and low risk to principal; total return is a secondary goal. The fund invests mainly in fixed and floating rate investment-grade bonds and other debt securities issued by domestic and foreign governments, corporate entities, and trusts. The fund's managers consider debt securities to be investment grade if, at the time of investment, they are rated within the four highest categories by at least one independent credit rating agency or, if unrated, are determined by the Portfolio Managers to be of comparable quality.