NANIX: Neuberger Berman Multi-Asset Inc Instl

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NANIX Neuberger Berman Multi-Asset Inc Instl


Profile

NANIX - Profile

Vitals

  • YTD Return -17.9%
  • 3 Yr Annualized Return -5.7%
  • 5 Yr Annualized Return -4.0%
  • Net Assets $16.9 M
  • Holdings in Top 10 53.4%

52 WEEK LOW AND HIGH

$8.23
$7.51
$10.15

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.56%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 74.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--30% to 50% Equity

Distributions

  • YTD Total Return -17.9%
  • 3 Yr Annualized Total Return -5.7%
  • 5 Yr Annualized Total Return -4.0%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.54%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Neuberger Berman Multi-Asset Income Fund
  • Fund Family Name
    Neuberger Berman
  • Inception Date
    Mar 27, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Erik Knutzen

Fund Description

To pursue its goal, the fund employs a fundamental and quantitative approach to allocating the fund's assets among various investment strategies that primarily invest in U.S. and non-U.S. debt securities, income-oriented equity securities, and currencies. It may also obtain investment exposure to these asset classes through investments in exchange traded funds ("ETFs") or other investment companies, including those managed by the Manager ("underlying funds"), or through the use of derivatives.


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Categories

Performance

NANIX - Performance

Return Ranking - Trailing

Period NANIX Return Category Return Low Category Return High Rank in Category (%)
YTD -17.9% -61.5% 53.8% 87.46%
1 Yr -17.0% -68.1% 53.9% 86.81%
3 Yr -5.7%* -34.6% 17.4% 80.29%
5 Yr -4.0%* -32.9% 16.0% 75.03%
10 Yr N/A* -34.3% 10.6% N/A

* Annualized

Return Ranking - Calendar

Period NANIX Return Category Return Low Category Return High Rank in Category (%)
2019 8.9% -50.4% 46.8% 72.76%
2018 -10.2% -31.8% 19.0% 52.90%
2017 7.5% -44.7% 46.3% 38.79%
2016 6.0% -84.5% 146.1% 26.74%
2015 N/A -40.7% 14.6% N/A

Total Return Ranking - Trailing

Period NANIX Return Category Return Low Category Return High Rank in Category (%)
YTD -17.9% -61.5% 53.8% 87.46%
1 Yr -17.0% -68.1% 53.9% 86.81%
3 Yr -5.7%* -34.6% 17.4% 89.25%
5 Yr -4.0%* -32.9% 16.0% 90.29%
10 Yr N/A* -34.3% 10.6% N/A

* Annualized

Total Return Ranking - Calendar

Period NANIX Return Category Return Low Category Return High Rank in Category (%)
2019 8.9% -50.4% 46.8% 72.87%
2018 -10.2% -27.4% 19.0% 76.68%
2017 7.5% -44.7% 46.3% 70.91%
2016 6.0% -84.5% 146.1% 51.51%
2015 N/A -36.9% 14.6% N/A

NAV & Total Return History


Holdings

NANIX - Holdings

Concentration Analysis

NANIX Category Low Category High NANIX % Rank
Net Assets 16.9 M 140 K 141 B 87.61%
Number of Holdings 582 2 13816 18.58%
Net Assets in Top 10 5.39 M -39.4 M 33.7 B 92.05%
Weighting of Top 10 53.38% 5.5% 100.0% 39.84%

Top 10 Holdings

  1. 2 Year Treasury Note Future Mar 20 10.67%
  2. Neuberger Berman High Income Bond R6 8.31%
  3. Neuberger Berman Floating Rate Inc Inst 6.04%
  4. 10 Year Treasury Note Future Mar 20 5.49%
  5. Future on Euro Bund Future Dec 19 5.15%
  6. US Treasury Bond Future Mar 20 4.34%
  7. Us Ultra Bond Cbt Mar20 Xcbt 20200320 3.67%
  8. Neuberger Berman Emerging Mkts Dbt Instl 3.50%
  9. Ultra 10 Year US Treasury Note Future Mar 20 3.31%
  10. United States Treasury Bonds 1% 2.89%

Asset Allocation

Weighting Return Low Return High NANIX % Rank
Bonds
59.03% -4.03% 79.29% 18.47%
Stocks
29.99% -41.01% 78.13% 70.89%
Cash
8.71% -102.09% 78.43% 25.46%
Preferred Stocks
1.26% 0.00% 44.10% 19.12%
Convertible Bonds
0.99% -0.84% 52.57% 23.63%
Other
0.02% -41.44% 154.72% 48.55%

Stock Sector Breakdown

Weighting Return Low Return High NANIX % Rank
Energy
25.88% 0.00% 100.00% 1.58%
Real Estate
11.63% -2.05% 100.00% 14.79%
Utilities
11.25% 0.00% 100.00% 6.09%
Financial Services
8.65% 0.00% 62.98% 87.92%
Consumer Cyclical
7.95% 0.00% 45.84% 64.00%
Industrials
7.68% 0.00% 99.44% 82.17%
Technology
7.38% 0.00% 72.78% 90.52%
Healthcare
6.02% 0.00% 63.06% 90.18%
Consumer Defense
5.52% 0.00% 17.78% 76.30%
Communication Services
4.06% 0.00% 41.87% 84.76%
Basic Materials
3.97% 0.00% 19.70% 27.43%

Stock Geographic Breakdown

Weighting Return Low Return High NANIX % Rank
US
21.85% -41.02% 76.29% 73.04%
Non US
8.14% -1.50% 32.14% 32.33%

Bond Sector Breakdown

Weighting Return Low Return High NANIX % Rank
Government
41.72% -0.45% 99.67% 14.50%
Corporate
32.86% 0.00% 100.00% 48.98%
Securitized
14.70% 0.00% 67.23% 53.60%
Cash & Equivalents
10.71% -3.87% 100.00% 51.99%
Municipal
0.01% 0.00% 99.77% 49.19%
Derivative
0.00% -3.25% 55.67% 65.31%

Bond Geographic Breakdown

Weighting Return Low Return High NANIX % Rank
US
69.11% -5.28% 84.24% 4.40%
Non US
-10.08% -12.68% 26.09% 99.03%

Expenses

NANIX - Expenses

Operational Fees

NANIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.56% 0.01% 7.27% 6.82%
Management Fee 0.60% 0.00% 2.00% 55.91%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.83% 60.59%

Sales Fees

NANIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

NANIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

NANIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 74.00% 0.00% 574.00% 67.42%

Distributions

NANIX - Distributions

Dividend Yield Analysis

NANIX Category Low Category High NANIX % Rank
Dividend Yield 1.43% 0.00% 11.85% 1.40%

Dividend Distribution Analysis

NANIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Annually

Net Income Ratio Analysis

NANIX Category Low Category High NANIX % Rank
Net Income Ratio 3.54% -5.24% 6.65% 6.60%

Capital Gain Distribution Analysis

NANIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

NANIX - Fund Manager Analysis

Managers

Erik Knutzen


Start Date

Tenure

Tenure Rank

Mar 27, 2015

5.02

5.0%

Erik Knutzen, CFA, CAIA, is Multi-Asset Class Chief Investment Officer and Managing Director of Neuberger Berman Investment Advisers LLC. He joined Neuberger Berman Investment Advisers LLC in 2014. Prior to joining Neuberger Berman Investment Advisers LLC, he was the chief investment officer at an investment consulting firm since 2008.

Ajay Jain


Start Date

Tenure

Tenure Rank

Mar 27, 2015

5.02

5.0%

Ajay Jain, CFA, FCCA, is a Managing Director of Neuberger Berman Europe Limited (“NBEL”). He joined Neuberger Berman Investment Advisers LLC in 2014. Prior to joining Neuberger Berman Investment Advisers LLC, he was the head of portfolio engineering for funds and advisory services at another financial services firm since 2005.

Bradley Tank


Start Date

Tenure

Tenure Rank

Mar 27, 2015

5.02

5.0%

Brad C. Tank, Managing Director, joined the firm in 2002 and is the Chief Investment Officer and Global Head of Fixed Income. He is a member of Neuberger Berman’s Operating, Investment Risk, Asset Allocation Committees and Fixed Income’s Investment Strategy Committee, and leads the Fixed Income Multi-Sector Group. From inception in 2008 through 2015, Brad was also Chief Investment Officer of Neuberger Berman’s Multi-Asset Class Investment business and remains an important member of that team along with the firm’s other CIOs. From 1990 to2002, Brad was director of fixed income for Strong Capital Management in Wisconsin. He was also a member of the Office of the CEO and headed institutional and intermediary distribution. In 1997, Brad was named “Runner Up” for Morningstar Mutual Fund Manager of the Year. From 1982 to 1990, he was a vice president at Salomon Brothers in the government, mortgage and financial institutions areas. Brad earned a BBA and an MBA from the University of Wisconsin.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 39.27 6.82 0.25