The investment seeks total return with an emphasis on current income. To pursue the fund's objective, the fund advisor will employ a relative value framework to asset allocation across various credit strategies managed by various investment professionals at Neuberger Berman Investment Advisers LLC, with the flexibility to adjust exposures subject to changes in market conditions. The fund advisor will allocate the fund's assets across credit-oriented sectors, and across the liquidity spectrum, sovereign issuers, insurance-linked securities, asset-based loans, securitized loans, and emerging market debt. The fund is non-diversified.