IE00B87L2R26
Neuberger Berman Strategic Income Fund USD-Hedged

  • Fixed income
  • US
  • USD Cash
  • Accumulating
Invest with
USD Cash
Payout type
Accumulating
Risk rating
2
About this fund
Description
The Fund seeks to maximize total return from high current income and long-term capital appreciation by opportunistically investing in a diversified mix of fixed rate and floating rate debt securities with a focus on downside protection.
Key information
Annual report
Product Highlight Sheet
Prospectus
Information Memorandum
Factsheet
Our perspective
Why we think this fund is best-in-class
product
Product
The fund offers investors stable income combined with an attractive risk-return profile, by investing primarily in debt securities issued by US corporations or by the US government and its agencies.
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people
People
Managed by a highly experienced team of 6 portfolio managers who are further supported by Neuberger Berman’s extensive team of almost 180 analysts covering various sectors.
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performance
Performance
The fund has generated strong performance on a risk-adjusted basis, generally out-performing its benchmark over the medium and longer-term periods while generating consistent, stable income.
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process
Process
The fund is actively managed with an investment strategy that rotates into a broad opportunity set of sectors within the US fixed income space, making tactical allocations to maximise returns in a given market condition. The portfolio consists of not only traditional instruments like Treasuries and investment grade credit, but also more opportunistic sectors like high yield, mortgage-backed securities, and even emerging markets. This provides multiple sources of return for the fund.
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cost
Cost
Access to retail share class with trailer rebates to achieve the lowest possible fees.
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selectionCriteria
How it fits in a portfolio
The fund could act as a diversifier for a portfolio with income generation as its objective. Because of its focus on the US debt market, it could be a complement to a regionally focused income fund or a broadly diversified global fixed income fund. Investors should be aware that the fund has significant exposure to high yield debt, which often comes with higher volatility and higher probability of default.Updated as of 2022/12/16
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Invest in this fund
Performance
Shows the total return of this accumulating fund, which includes dividends reinvested.
Total returns
All Time
35.74%
YTD
6.44%
1 month
1.48%
6 month
3.79%
1 year
6.44%
3 year
19.32%
5 year
15.31%
10 year
38.49%
As of Aug 2025
Distributions
This is an accumulating fund, so dividends are re-invested at the fund level.
Yield
6.51%As of Jul 2025
Risk metrics
Max drawdown
-14.11%As of Aug 2025
Volatility
6.12%As of Aug 2025
Calendar returns
YearTotalJanFebMarAprMayJunJulAugSepOctNovDec
2025-0.8%1.8%-0.2%0.3%0.5%1.7%0.0%1.5%----
20244.6%0.3%-1.2%1.0%-2.0%1.8%0.8%2.3%1.7%1.1%-1.4%1.0%-0.7%
20238.3%4.0%-2.5%2.1%0.3%-0.8%0.3%0.7%-0.5%-2.0%-1.5%4.8%3.3%
2022-10.6%-1.7%-1.6%-0.6%-3.5%0.4%-5.1%4.3%-2.0%-4.6%1.0%3.3%-0.6%
20212.2%0.1%-0.2%0.1%1.0%0.3%0.8%0.0%0.3%-0.2%-0.1%-0.9%0.9%
Top Exposures
F/C Us 2yr Note (Cbt) Sep2517.57%
F/C Us 5yr Note (Cbt) Sep257.03%
Federal National Mortgage Association4.03%
F/C Us 10yr Note (Cbt)sep252.47%
United States Treasury Notes2.10%
United States Treasury Bills1.16%
F/C Us 10yr Ultra Fut Sep250.90%
Top exposures represent up to 15 of the fund's largest exposures for each category. Allocation percentages may not sum up to 100% and can include negative values due to rounding or trading activities by the underlying fund managers, including short positions.
Fund fees
1.10%0.60% p.a.
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Fund facts
ISIN
IE00B87L2R26
Fund house
Neuberger Berman
Fund size
US$6.5B
As of 11 Sep 2025
Fund inception date
11 Feb 2015
Fund class currency
USD
Fund share class
A USD
Oldest share class ISIN
IE00B8HX1V50
Oldest share inception date
25 Apr 2013
Pricing frequency
Daily

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