We demonstrate a nonlinear polarization evolution mode-locked Yb-doped fiber oscillator with the broadband spectrum output operating in a dispersion-managed regime. Pumped by a 976 nm single-mode laser diode, stable mode-locked ultrashort pulses are emitted with an average power of 198 mW at a repetition rate of 124 MHz, corresponding to a pulse energy of 1.6 nJ. The output spectrum spans from 950 nm to 1150 nm so that the transform-limited pulse duration is as short as 23 fs. Due to the imperfect dispersion compensation, we compress the pulses to 32 fs in this experiment.