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Morningstar

Neuberger Berman Strategic Income A NSTAX

Morningstar Medalist Rating
Medalist Rating as of | See Neuberger Berman Investment Hub
  • NAV / 1-Day Return 9.85  /  +0.34 %
  • Total Assets 4.6 Bil
  • Adj. Expense Ratio
    0.990%
  • Expense Ratio 0.990%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 4.95%
  • Effective Duration 4.69 years

USD | NAV as of Jul 27, 2024 | 1-Day Return as of Jul 27, 2024, 12:00 AM GMT+0

Morningstar’s Analysis NSTAX

Will NSTAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable NSTAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the NSTAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of NSTAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A measured multisector bond approach.

Analyst Max Curtin

Max Curtin

Analyst

Summary

We have qualitatively reviewed this strategy and reaffirmed its Process and People ratings. Neuberger Berman’s experienced multisector managers continue to ply a dynamic, blended approach with multiple sources of returns. The following text is from Aug. 9, 2023.

by Max Curtin
Rated on Published on

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Portfolio Holdings NSTAX

More NSTAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 23.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

10 Year Treasury Note Future Sept 24

9.64 615.8 Mil
Government

Us 5yr Note (Cbt) Sep24 Xcbt 20240930

8.71 556.3 Mil
Government

2 Year Treasury Note Future Sept 24

2.90 185.4 Mil
Government

Federal National Mortgage Association 5.5%

2.28 145.5 Mil
Securitized

Ssc Government Mm Gvmxx

1.85 118.4 Mil
Cash and Equivalents

Federal National Mortgage Association 2.5%

1.85 118.1 Mil
Securitized

Ice 3mth Sonia Fu Mar25 Ifll 20250617

1.58 101.1 Mil
Government

Euro-Schatz Fut Sep24 Xeur 20240906

1.50 95.7 Mil
Government

Government National Mortgage Association 6%

1.48 94.7 Mil
Securitized

Federal National Mortgage Association 6%

1.22 77.8 Mil
Securitized