Neuberger Berman Strategic Income Fund Class A (NSTAX)

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Neuberger Berman Strategic Income Fund Class A (NSTAX) is up 0.4% since the beginning of the year. NSTAX is currently trading at $10 per share. Investors who bought $1,000 worth of NSTAX shares 5 years ago would now be looking at an investment worth $1,115.

Neuberger Berman Strategic Income Fund Class A (NSTAX) has returned 0.41% so far this year and 5.69% over the past 12 months. Over the last ten years, NSTAX has returned 3.56% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Dec 27, 2007, NSTAX's average daily return is +0.02%, while the average monthly return is +0.36%. At this rate, an investment would double in approximately 16.1 years.

Historically, 67% of months were positive and 33% were negative. The best month was Dec 2008 with a return of +6.0%, while the worst month was Mar 2020 at -10.5%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.

On a daily basis, NSTAX closed higher 43% of trading days. The best single day was Mar 26, 2020 with a return of +3.6%, while the worst single day was Dec 31, 2007 at -5.7%.

Neuberger Berman Strategic Income Fund Class A has an annualized alpha of 3.84%, beta of 0.05, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since December 27, 2007.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (25.57%) than losses (24.34%) - typical of diversified or defensive assets.
• Beta of 0.05 may look defensive, but with R2 of 0.05 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.05 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

NSTAX has a high expense ratio of 0.98%, indicating above-average management fees.

NSTAX ranks 34 for risk / return — below 34% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

Neuberger Berman Strategic Income Fund Class A provided a 5.18% dividend yield over the last twelve months, with an annual payout of $0.52 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Neuberger Berman Strategic Income Fund Class A. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Neuberger Berman Strategic Income Fund Class A. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Neuberger Berman Strategic Income Fund Class A was 19.01%, occurring on Mar 23, 2020. Recovery took 82 trading sessions.

The current Neuberger Berman Strategic Income Fund Class A drawdown is 1.15%.

The chart below shows the rolling one-month volatility.