Neuberger Berman Short Duration Bond Trust Class
NSBTX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 1290 Avenue Of The Americas New York NY 10104
- IPO Date
- Aug 30, 1993
- CIK
- 0000723620
- Similar Companies
- Business
- Neuberger Berman Short Duration Bond Trust Class (NSBTX) is a mutual fund that seeks the highest available current income consistent with liquidity and low risk to principal, with total return as a secondary goal. Part of Neuberger Berman Advisers Management Trust, a series of the Neuberger Berman Income Funds managed by Neuberger Berman Investment Advisers LLC, the fund invests primarily in a diversified portfolio of investment-grade fixed-income securities, including U.S. government and agency bonds, corporate bonds, mortgage-backed securities, asset-backed securities, securitized credit, and non-investment grade credit; it maintains an average effective duration of approximately two years and a weighted average maturity of around three years, with allocations across credit qualities such as AAA (16.8%), AA (11.4%), A (22.7%), BBB (29.8%), and below BBB (16.1%), supplemented by cash holdings. The Trust Class shares, ticker NSBTX, feature a net expense ratio of 0.64% (capped through October 31, 2026), monthly income distributions, and are available to institutional and high-net-worth investors, with total net assets of approximately $157 million as of recent data. Launched in 1986 as part of the broader fund strategy (with Trust Class inception in 1993), the fund operates from Neuberger Berman's headquarters in New York City and leverages the firm's global fixed-income platform with over 195 professionals across multiple locations. Geographically focused on U.S. bonds (88.52% of assets) with some non-U.S. bond exposure (9.46%), it targets institutional investors, advisors, and individuals seeking short-term bond exposure in the Morningstar Short-Term Bond category. In recent developments, the associated Neuberger Berman Short Duration Bond Fund, which includes the NSBTX share class, served as the predecessor to the Neuberger Berman Short Duration Income ETF (NBSD), launched in June 2024, through which the ETF acquired the mutual fund's assets and liabilities on June 21, 2024, assuming its performance history dating back to June 9, 1986. Neuberger Berman has continued expense caps for NSBTX and other classes through October 31, 2026, to maintain competitive costs amid market volatility, with the Trust Class capped at 0.64%. While not directly renaming NSBTX, Neuberger Berman announced a broad simplification of fund names effective December 18, 2025, including changes to related Short Duration Income ETF branding, reflecting ongoing strategic refinements across its fixed-income offerings. The firm also closed NB Strategic Co-Investment Partners V in July 2025 with $2.8 billion in commitments, surpassing targets and highlighting broader private markets growth that complements its public fixed-income strategies like NSBTX.