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Strategic Income Fund

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Funds > Fixed Income > Strategic Income Fund

Strategic Income Fund

A flexible, multi-sector fixed income strategy that seeks attractive risk-adjusted results by investing across the entire bond market with a focus on exploiting mispriced sectors

  • Attractive return potential is the result of investment insights and judgment applied to portfolios in a risk-controlled framework
  • Multiple alpha sources include asset allocation, sector rotation, country positioning, security selection, currency management, and interest rate/duration decision

Direct exposure to Silicon Valley Bank is de minimis across the Neuberger Berman UCITS funds (the “Funds”). Based on market values at the close of business on March 8, 2023, the Funds’ only direct exposure was 0.14% in the Neuberger Berman Strategic Income Fund, 0.40% in the Neuberger Berman Global Investment Grade Credit Fund and 0.35% in the Neuberger Berman Multi Asset Income Fund.

The Funds do not have any direct exposure to Signature Bank.

This is a marketing communication in respect of the Neuberger Berman Strategic Income Fund. Please refer to the fund prospectus and offering documents, including the Key Information Document (“KID”), before making any final investment decisions. Investors should note that by making an investment they will own shares in the fund, and not the underlying assets.

The fund complies with the Sustainable Finance Disclosure Regulation (the “SFDR”) and is classified as an Article 8 SFDR fund. Neuberger Berman believes that Environmental, Social and Governance (“ESG”) factors, like any other factor, should be incorporated in a manner appropriate for the specific asset class, investment objective and style of each investment strategy. For more information on sustainability-related aspects pursuant to SFDR please visit the ESG Investing section on www.nb.com/europe/. When making the decision to invest in the fund, investors should take into account all the characteristics or objectives of the fund as described in the legal documents.

Key Risks

Market Risk: The risk of a change in the value of a position as a result of underlying market factors, including among other things, the overall performance of companies and the market perception of the global economy.
Liquidity Risk: The risk that the Fund may be unable to sell an investment readily at its fair market value. In extreme market conditions this can affect the Fund’s ability to meet redemption requests upon demand.
Credit Risk: The risk that bond issuers may fail to meet their interest repayments, or repay debt, resulting in temporary or permanent losses to the Fund.
Interest Rate Risk: The risk of interest rate movements affecting the value of fixed-rate bonds.
Derivatives Risk: The Fund is permitted to use certain types of financial derivative instruments (including certain complex instruments). This may increase the Fund’s leverage significantly which may cause large variations in the value of your share. Investors should note that the Fund may achieve its investment objective by investing principally in Financial Derivative Instruments (FDI). There are certain investment risks that apply in relation to the use of FDI.
Emerging Markets Risk: Emerging markets are likely to bear higher risk due to a possible lack of adequate financial, legal, social, political and economic structures, protection and stability as well as uncertain tax positions which may lead to lower liquidity. The NAV of the fund may experience medium to high volatility due to lower liquidity and the availability of reliable information, as well as due to the fund's investment policies or portfolio management techniques.
Counterparty Risk: The risk that a counterparty will not fulfil its payment obligation for a trade, contract or other transaction, on the due date.
Operational Risk: The risk of direct or indirect loss resulting from inadequate or failed processes, people and systems including those relating to the safekeeping of assets or from external events.
Currency Risk: Investors who subscribe in a currency other than the base currency of the Fund are exposed to currency risk. Fluctuations in exchange rates may affect the return on investment. The past performance shown is based on the fund and is not specific to the share class. If the currency of the fund is different from your local currency, then you should be aware that due to exchange rate fluctuations the performance shown may increase or decrease if converted into your local currency.

For full information on the risks please refer to the fund prospectus and offering documents, including the KID.


PAST PERFORMANCE DOES NOT PREDICT FUTURE RETURNS

Fund performance is representative of the share class specified in the Fund Facts section and has been calculated to account for the deduction of fees. Fund performance does not take account of any commission or costs incurred by investors when subscribing for or redeeming shares. Investors who subscribe in a currency other than the base currency of the Fund should note that returns may increase or decrease as a result of currency fluctuations. The fees and charges paid by the Fund will reduce the return on your investment. Where a benchmark is shown, the benchmark shown is provided in the base currency of the fund and therefore may not be a fair representative comparison to the hedged share classes denominated in other currencies. The difference in the currency exposure and currency fluctuations in an unhedged benchmark may cause an unintended differential in any performance or risk comparison. The Fund is actively managed, which means that the investments are selected at the discretion of the investment manager. The Fund is not constrained by its benchmark, which is used for comparison purposes only. The Fund gives some consideration to the benchmark constituents in the selection of securities and may not hold all or many of the benchmark’s components.

Pricing/Performance

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12 Month Periods Performance
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Neuberger Berman Strategic Income Fund USD I Accumulating Class 1.60 3.44 0.19 5.51 2.07 4.14 -1.19 15.34 -5.72 0.63
Bloomberg U.S. Aggregate Bond Index -0.26 4.46 2.72 0.83 -0.32 5.29 10.84 -0.27 -8.51 -0.43

Product Characteristics

As of

Management Team

Ashok Bhatia, CFA
Deputy Chief Investment Officer—Fixed Income
30 Years of Industry Experience
5 Years with Neuberger Berman
Brad Tank
Chief Investment Officer—Fixed Income
42 Years of Industry Experience
20 Years with Neuberger Berman
Jon Jonsson
Senior Portfolio Manager—Global Fixed Income
28 Years of Industry Experience
9 Years with Neuberger Berman