Neuberger Berman Strategic Income Fund Institutional Class
NSTLX
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.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 1290 Avenue of the AmericasNew York,NY 10104United States DE United States of America
- IPO Date
- Jul 15, 2003
- CIK
- 0000723620
- Website
- nb.com
- Similar Companies
- Business
- Neuberger Berman Strategic Income Fund Institutional Class (NSTLX) is an open-end mutual fund that seeks high current income with a secondary objective of long-term capital appreciation by investing primarily in a diversified mix of debt securities of varying maturities across multiple sectors, including U.S. government and agency securities, mortgage-backed securities, asset-backed securities, corporate bonds, high-yield debt, emerging market debt, bank loans and derivatives such as interest rate swaps, total return swaps, credit default swaps, futures and options. The fund employs a dynamic, tactical approach to sector allocation, duration management and credit risk, targeting investment grade bond-like volatility while opportunistically pursuing enhanced yields without persistent biases; its portfolio typically features significant exposure to agency mortgage-backed securities (around 33%), corporate bonds (around 26%), asset-backed securities (around 11%), government securities and non-investment grade credit, with holdings exceeding 2,000 securities and a net expense ratio of 0.60% for the Institutional Class. Launched on July 11, 2003 and domiciled in the United States, the fund is managed by Neuberger Berman Investment Advisers LLC, a division of the employee-owned Neuberger Berman Group LLC founded in 1939 and headquartered in New York, New York, which oversees approximately $558 billion in client assets across equities, fixed income and alternatives from offices in 39 cities spanning 26 countries. Recent portfolio management enhancements include the addition of Robert Dishner and Thomas Sobanski as co-portfolio managers effective December 31, 2024, complementing the longstanding team led by Thanos Bardas and David Brown since 2009 and Ashok Bhatia since 2017, amid a strategic positioning toward intermediate duration and an up-in-quality bias in response to a slowing economic environment as of September 30, 2025. The fund maintained its contractual expense caps through October 31, 2028 at 0.59% for Institutional Class shares, reflecting ongoing cost management by Neuberger Berman, while its total net assets reached approximately $6.95 billion with the Institutional Class comprising $5.93 billion. As of the prospectus dated February 28, 2025, the fund continued to leverage the firm's global fixed income platform supported by over 195 professionals, with no major acquisitions, partnerships or product launches reported in the last 1-2 years beyond routine tactical adjustments and performance updates showing annualized returns of 7.05% over three years and 4.32% since inception through September 30, 2025.