NLSIX: Neuberger Berman Long Short Fund - MutualFunds.com

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Neuberger Berman Long Short Instl

NLSIX - Snapshot

Vitals

  • YTD Return 12.8%
  • 3 Yr Annualized Return 6.9%
  • 5 Yr Annualized Return 6.4%
  • Net Assets $3.78 B
  • Holdings in Top 10 35.4%

52 WEEK LOW AND HIGH

$16.64
$13.12
$16.74

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.78%

SALES FEES

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

BROKERAGE FEES

  • Turnover 66.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Long-Short Equity

Compare NLSIX to Popular Long-Short Equity Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$16.60

-0.24%

$3.78 B

-

$0.00

12.77%

1.78%

$25.26

-0.47%

$1.94 B

0.68%

$0.17

-3.92%

1.86%

$8.12

-0.25%

$1.16 B

10.74%

$0.87

-19.20%

1.28%

$14.00

-0.36%

$1.11 B

0.00%

$0.00

6.54%

1.66%

$13.99

-0.29%

$899.40 M

1.50%

$0.21

-11.90%

2.21%

NLSIX - Profile

Distributions

  • YTD Total Return 12.8%
  • 3 Yr Annualized Total Return 6.9%
  • 5 Yr Annualized Total Return 6.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.28%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Neuberger Berman Long Short Fund
  • Fund Family Name
    Neuberger Berman
  • Inception Date
    Dec 29, 2011
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Charles Kantor

Fund Description

The fund seeks to achieve its goal primarily by taking long and short positions in the global securities markets. It uses long or short positions in common and preferred equity securities, exchange traded funds ("ETFs"), fixed income securities and restricted securities. The fund may invest in securities of, and derivative contracts on, U.S. and non-U.S. companies. Futures, swaps, forwards or options may be used in an attempt to increase returns and/or reduce risks.


NLSIX - Performance

Return Ranking - Trailing

Period NLSIX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.8% -35.4% 76.4% 23.44%
1 Yr 11.7% -24.2% 81.3% 16.35%
3 Yr 6.9%* -13.3% 17.9% 10.71%
5 Yr 6.4%* -5.7% 14.2% 12.82%
10 Yr N/A* -0.8% 9.6% N/A

* Annualized

Return Ranking - Calendar

Period NLSIX Return Category Return Low Category Return High Rank in Category (%)
2019 14.4% -12.2% 37.8% 15.58%
2018 -12.2% -41.4% 12.7% 70.90%
2017 13.4% -67.1% 21.9% 19.88%
2016 3.7% -17.3% 25.3% 42.28%
2015 -3.9% -26.2% 11.6% 56.41%

Total Return Ranking - Trailing

Period NLSIX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.8% -35.4% 74.9% 23.44%
1 Yr 11.7% -28.1% 81.3% 15.38%
3 Yr 6.9%* -14.4% 17.9% 10.71%
5 Yr 6.4%* -6.2% 14.2% 12.18%
10 Yr N/A* -0.8% 9.6% N/A

* Annualized

Total Return Ranking - Calendar

Period NLSIX Return Category Return Low Category Return High Rank in Category (%)
2019 14.4% -12.2% 37.8% 15.58%
2018 -12.2% -23.0% 12.7% 76.72%
2017 13.4% -3.6% 25.0% 33.33%
2016 3.7% -15.5% 25.3% 44.30%
2015 -3.9% -26.2% 11.6% 67.52%

NAV & Total Return History


NLSIX - Holdings

Concentration Analysis

NLSIX Category Low Category High NLSIX % Rank
Net Assets 3.78 B 0 3.78 B 0.47%
Number of Holdings 218 3 2577 24.29%
Net Assets in Top 10 65.1 M -166 M 685 M 24.76%
Weighting of Top 10 35.39% 1.5% 100.0% 66.67%

Top 10 Holdings

  1. Future on S&P 500 PR Sep20 14.30%
  2. Future on S&P 500 PR Sep20 14.30%
  3. Future on S&P 500 PR Sep20 14.30%
  4. Future on S&P 500 PR Sep20 14.30%
  5. Future on S&P 500 PR Sep20 14.30%
  6. Future on S&P 500 PR Sep20 14.30%
  7. Future on S&P 500 PR Sep20 14.30%
  8. Future on S&P 500 PR Sep20 14.30%
  9. Future on S&P 500 PR Sep20 14.30%
  10. Future on S&P 500 PR Sep20 14.30%

Asset Allocation

Weighting Return Low Return High NLSIX % Rank
Stocks
55.38% -12.61% 278.47% 68.87%
Cash
37.03% -178.47% 112.61% 33.81%
Other
2.77% -12.25% 131.29% 12.86%
Bonds
2.23% -9.38% 152.17% 19.81%
Preferred Stocks
1.77% 0.00% 3.47% 2.38%
Convertible Bonds
0.81% 0.00% 5.58% 6.19%

Stock Sector Breakdown

Weighting Return Low Return High NLSIX % Rank
Technology
21.08% 0.00% 45.04% 36.36%
Consumer Cyclical
15.08% 0.00% 81.27% 31.82%
Industrials
11.14% 0.00% 35.96% 42.42%
Healthcare
10.83% 0.00% 98.20% 72.22%
Financial Services
10.32% 0.00% 74.33% 59.09%
Communication Services
9.36% 0.00% 24.74% 38.38%
Utilities
7.84% 0.00% 27.45% 9.60%
Consumer Defense
7.50% 0.00% 58.77% 42.93%
Basic Materials
4.47% 0.00% 17.61% 31.31%
Energy
2.37% 0.00% 12.38% 26.26%
Real Estate
0.00% 0.00% 19.67% 81.31%

Stock Geographic Breakdown

Weighting Return Low Return High NLSIX % Rank
US
53.49% -31.19% 278.47% 53.33%
Non US
1.89% -2.12% 62.34% 59.52%

Bond Sector Breakdown

Weighting Return Low Return High NLSIX % Rank
Cash & Equivalents
82.13% 0.08% 100.00% 78.10%
Corporate
17.87% 0.00% 99.92% 6.67%
Derivative
0.00% 0.00% 60.02% 26.19%
Securitized
0.00% 0.00% 50.60% 25.71%
Municipal
0.00% 0.00% 1.25% 21.43%
Government
0.00% 0.00% 83.22% 41.43%

Bond Geographic Breakdown

Weighting Return Low Return High NLSIX % Rank
US
1.78% -27.11% 152.17% 22.38%
Non US
0.45% 0.00% 32.24% 9.05%

NLSIX - Expenses

Operational Fees

NLSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.78% 0.40% 12.79% 71.15%
Management Fee 1.26% 0.00% 2.25% 70.42%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.03% 1.47% 49.06%

Sales Fees

NLSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

NLSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

NLSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 66.00% 0.00% 470.00% 27.84%

NLSIX - Distributions

Dividend Yield Analysis

NLSIX Category Low Category High NLSIX % Rank
Dividend Yield 0.00% 0.00% 21.26% 27.23%

Dividend Distribution Analysis

NLSIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

NLSIX Category Low Category High NLSIX % Rank
Net Income Ratio 0.28% -2.65% 3.99% 44.71%

Capital Gain Distribution Analysis

NLSIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

NLSIX - Fund Manager Analysis

Managers

Charles Kantor


Start Date

Tenure

Tenure Rank

Dec 29, 2011

8.85

8.9%

Charles C. Kantor, is a Managing Director of Neuberger Berman and Senior Portfolio Manager for the Neuberger Berman Long Short Strategy. He joined the firm in 2000. Prior to joining the firm, Charles was a managing director of Stern Stewart’s Financial Institutions division. There he assisted clients with implementing EVA-based financial management systems. Charles is co-author of “EVA for Banks: Value Creation, Risk Management, and Profitability Measurement,” Journal of Applied Corporate Finance, Spring 1996, and a participant in “Roundtable on Corporate Disclosure,” Journal of Applied Corporate Finance, Fall 2004. In addition, Charles is a regular commentator on CNBC, as well as a contributor to Barron’s. He earned a Bachelor of Commerce in Accounting and Economics from the University of Cape Town, South Africa and an MBA (with honors) from Harvard University Graduate School of Business.

Marc Regenbaum


Start Date

Tenure

Tenure Rank

Feb 28, 2017

3.67

3.7%

Marc Regenbaum is a Managing Director of NBIA. Mr. Regenbaum joined the Neuberger Berman Investment Advisers LLC in 2007 and has been an Associate Portfolio Manager of the Portfolio since May 2017. Prior to being named Associate Portfolio Manager, Mr. Regenbaum was a Senior Research Analyst for the Long Short and U.S. Equity Team.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 21.97 5.7 6.35