Morningstar Fund Report  | 17/04/2025Print

Neuberger Berman Strategic Income Fund USD I Accumulating Class

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Neuberger Berman Strategic Income Fund USD I Accumulating Class
Fund3.71.12.77.0-0.6
+/-Cat3.0-0.82.20.90.3
+/-B’mrk4.43.13.43.9-0.3
 
Category: USD Flexible Bond
Category Benchmark: Morningstar US Core Bd TR USD
Key Stats
NAV
15/04/2025		 USD 14.25
Day Change -0.23%
Morningstar Category™ USD Flexible Bond
ISIN IE00B8HX1V50
Fund Size (Mil)
15/04/2025		 USD 4904.42
Share Class Size (Mil)
15/04/2025		 USD 566.23
Max Initial Charge -
Ongoing Charge
14/02/2025		  0.61%
Morningstar Research
Analyst Report19/07/2024
Max Curtin, Analyst
Morningstar, Inc

Neuberger Berman Strategic Income’s proven leadership executes its robust, value-driven process by drawing upon diverse supporting resources. It retains a Morningstar Analyst Rating of Bronze on its clean share class, while other share classes...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent24
Process24
Performance
Price
Investment Objective: Neuberger Berman Strategic Income Fund USD I Accumulating Class
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 under varying market environments with a focus on downside protection. The Portfolio will invest primarily in debt securities issued by US corporations or by the US government and its agencies. Such securities will be listed, dealt, or traded on Recognised Markets and may be rated investment grade or below investment grade or non-rated by Recognised Rating Agencies.
Returns
Trailing Returns (GBP)15/04/2025
YTD-4.10
3 Years Annualised2.82
5 Years Annualised2.89
10 Years Annualised4.19
12 Month Yield 0.00
Management
Manager Name
Start Date
Jon Jonsson
31/03/2019
Ashok Bhatia
29/12/2017
Click here to see others
Inception Date
26/04/2013

Category Benchmark
Fund BenchmarkMorningstar Benchmark
Bloomberg US Agg Bond TR USDMorningstar US Core Bd TR USD
Portfolio Profile for  Neuberger Berman Strategic Income Fund USD I Accumulating Class28/02/2025
Fixed Income
Effective Maturity19.90
Effective Duration4.37
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock0.000.000.00
Bond104.079.1594.92
Property0.000.000.00
Cash12.0011.140.85
Other3.540.003.54
Growth Of 1000 (GBP) 31/03/2025
Fund:  Neuberger Berman Strategic Income Fund USD I Accumulating Class
Category:  USD Flexible Bond
Category Index:  Morningstar US Core Bd TR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return3.535.854.703.651.072.747.05-0.62
+/- Category-0.351.041.893.05-0.752.210.930.31
+/- Category Index-2.821.390.524.353.093.373.87-0.35
% Rank in Category6047371053144030
Trailing Returns (GBP)15/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.23   -0.020.04
1 Week-3.28   0.070.50
1 Month-3.17   -0.14-0.52
3 Months-6.13   0.00-0.68
6 Months-0.08   0.641.10
YTD-4.10   0.11-0.46
1 Year2.02   2.141.94
3 Years Annualised2.82   0.852.16
5 Years Annualised2.89   1.624.92
10 Years Annualised4.19   0.651.76
 
Category: USD Flexible Bond
Category Index: Morningstar US Core Bd TR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-0.62---
20241.070.61-0.866.20
20230.86-2.742.362.33
2022-1.04-0.086.10-3.67
2021-0.852.202.76-0.45
2020-3.1310.32-2.090.06
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageAbove Average3 star
5-YearAbove AverageAbove Average4 star
10-YearAbove AverageAverage4 star
OverallAbove AverageAbove Average4 star
 
Category :  USD Flexible BondClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev5.35 %
3-Yr Mean Return3.87 %
 
3-Yr Sharpe Ratio-0.03
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar US Core Bd TR USD  Morningstar Gbl Corp Bd GR Hdg USD
3-Yr Beta0.980.96
3-Yr Alpha2.451.14
 
Fixed Income Style28/02/2025
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)USD 6388
Maturity Distribution %
1 to 33.83
3 to 57.63
5 to 77.28
7 to 107.45
10 to 158.35
15 to 208.23
20 to 3044.17
Over 309.91
Effective Maturity19.90
Effective Duration4.37
Credit Quality Breakdown %     %
AAA-2.12   BB14.56
AA49.71   B11.53
A5.74   Below B1.74
BBB15.82   Not Rated3.01
 
Category: USD Flexible Bond
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock0.000.000.00
Bond104.079.1594.92
Property0.000.000.00
Cash12.0011.140.85
Other3.540.003.54
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings1
Total Number of Bond Holdings1858
Assets in Top 10 Holdings22.36
NameSectorCountry% of Assets
Federal National Mortgage AssociationUnited States4.78
F/C Us 5yr Note (Cbt) Jun25United States4.69
F/C Us 10yr Ultra Fut Jun25United States3.48
F/C Us 2yr Note (Cbt) Jun25United States3.02
Federal National Mortgage AssociationUnited States1.89
F/C Us 10yr Note (Cbt)jun25United States1.84
Federal National Mortgage AssociationUnited States1.38
United States Treasury BillsUnited States1.29
 
Increase Decrease New since last portfolio
Category: USD Flexible Bond
 
Management
Name of CompanyNeuberger Berman Asset Management Ireland Limited
Phone-
Website -
Address32 Molesworth St, Dublin
 -   -
 Ireland
DomicileIreland
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date26/04/2013
Fund Advisor(s)
Neuberger Berman Asset Management Ireland Limited
Fund ManagerJon Jonsson
Manager Start Date31/03/2019
Career Start Year1998
 
Biography
Jon Jonsson is a Managing Director of Neuberger Berman Europe Limited . He joined the firm in 2013. Mr. Jonsson is a Senior Portfolio Manager for the Global Fixed Income strategies and is a member of the Investment Grade Fixed Income Senior Portfolio Management Strategy Team. Prior to joining the firm, Jon was employed by another investment firm for 15 years where he worked in similar capacities.
Fund ManagerAshok Bhatia
Manager Start Date29/12/2017
Career Start Year1993
Education
1993, University of Michigan, B.A.
1999, University of Chicago (Booth), M.B.A.
 
Biography
Ashok Bhatia, CFA, Managing Director, joined the firm in 2017. Ashok is Co-Chief Investment Officer for Fixed Income, co-Head of Multi-Sector Fixed Income, and a member of Neuberger Berman's Partnership and Asset Allocation Committees and Fixed Income's Investment Strategy Committee. Previously, Ashok has held senior investment and leadership positions in several asset management firms and hedge funds, including Wells Fargo Asset Management, Balyasny Asset Management and Stark Investments. Ashok has had investment responsibilities across global fixed income and currency markets. Ashok began his career in 1993 as an investment analyst at Morgan Stanley. Ashok received a BA with high honors in Economics from the University of Michigan, Ann Arbor, and an MBA with high honors from the University of Chicago. He has been awarded the Chartered Financial Analyst designation
Fund ManagerRobert Dishner
Manager Start Date31/12/2024
 
Biography
Robert Dishner, Managing Director, joined the firm in 2019. Robert is a Co-Manager on Global Bond Portfolios as well as a Senior Portfolio Manager on the Multi Sector Fixed Income team. Prior to joining the firm, Robert was a Portfolio Manager at Balyasny Asset Management, focused on cross-asset macro investing including Emerging and Developed Market Rates, Credit, Equity and FX. From 2003 to 2010, Robert worked at Stark Investments where he was a Principal of the firm, and held various roles including Co-Head Distressed Trading, Head Equity Long/Short for Europe and the Americas and Co-Head Emerging Markets. Previously, Robert worked at UBS Warburg as a HY Healthcare Analyst as well as in their distressed advisory business, Chilmark Partners (Zell/Chilmark Fund), a distressed buyout and advisory firm and started his career at GE Capital in 1991 in their Corporate Finance Group. Robert holds a BSB from the University of Minnesota Carlson School of Management.
Fund ManagerThomas Sobanski
Manager Start Date31/12/2024
 
Biography
Tom Sobanski, CFA, is a Senior Vice President of the Manager. Mr. Sobanski joined the firm in 2015 and is a member of the portfolio management team for the firm’s multi-sector fixed income strategies. Mr. Sobanski has been a Portfolio Manager of the Fund since December 2024.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.50%
Ongoing Charge0.61%
Purchase Details
Minimum Investments
Initial1000000  USD
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes