Neuberger Multi-Cap Opportunities Fund
Fund
NMUCX
Price as of:
$11.33
+ $0.02
+ 0.18%
Primary Theme
fund company
Name
As of 06/01/2026Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
5.5%
1 yr return
17.9%
3 Yr Avg Return
15.8%
5 Yr Avg Return
8.8%
Net Assets
$251 M
Holdings in Top 10
38.9%
52 WEEK LOW AND HIGH
$11.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 2.00%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 15.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 06/01/2026Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
NMUCX - Profile
Distributions
- YTD Total Return 5.5%
- 3 Yr Annualized Total Return 15.8%
- 5 Yr Annualized Total Return 8.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.78%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameNeuberger Multi-Cap Opportunities Fund
-
Fund Family NameNeuberger Berman
-
Inception DateDec 21, 2009
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRichard Nackenson
Fund Description
To pursue its goal, the Fund invests in a concentrated portfolio, consisting mainly of common stocks of companies that are selected using a fundamental, bottom-up research approach. The Fund may hold stocks of companies of any market capitalization and in any sector. Under normal market conditions, the Fund typically will hold a limited number of stocks.
Portfolio construction is an important component of the investment process and primarily consists of three distinct investment categories: Special Situations, Opportunistic, and Classic. Special Situations have unique attributes (e.g., restructurings, spin-offs, post-bankruptcy equities) that require specific methodologies and customized investment research. Opportunistic investments are companies that have become inexpensive for a tangible reason that the Portfolio Manager believes is temporary. Classic investments are those companies with long histories of shareholder-friendly policies, high-quality management teams and consistent operating performance.
The Portfolio Manager performs both quantitative and qualitative analysis in an effort to identify companies that he believes have the potential to increase in value. This potential may be realized in many ways, some of which include: free cash flow generation, product or process enhancements, margin increases, and improved capital structure management. Investments are selected
primarily based on fundamental analysis of issuers and their potential in light of their financial condition, industry position, market opportunities, senior management teams and any special situations as well as any relevant economic, political and regulatory factors.
As part of his fundamental investment analysis the Portfolio Manager considers environmental, social and governance factors he believes are financially material to individual investments, where applicable. While this analysis is inherently subjective and may be informed by both internally generated and third-party metrics, data and other information, the Portfolio Manager believes that the consideration of financially material environmental, social and governance factors, alongside traditional financial metrics, may enhance the Fund’s overall investment process. The consideration of environmental, social and governance factors does not apply to certain instruments, such as certain derivative instruments, other registered investment companies, cash and cash equivalents. The consideration of environmental, social and governance factors as part of the investment process does not mean that the Fund pursues a specific “impact” or “sustainable” investment strategy.
The Portfolio Manager employs disciplined valuation criteria and dynamic price limits to determine when to buy or sell a stock. The valuation criteria and price limits will change over time as a result of changes in company-specific, industry and market factors. The Portfolio Manager follows a disciplined selling strategy and may sell a stock when it reaches a dynamic price target, when other opportunities appear more attractive, or when the Portfolio Manager’s research indicates deteriorating fundamentals.
Although the Fund invests primarily in domestic stocks, it may also invest in stocks of foreign companies.
At times, the Portfolio Manager may emphasize certain sectors that he believes will benefit from market or economic trends.
NMUCX - Performance
Return Ranking - Trailing
| Period | NMUCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.5% | -13.2% | 43.7% | 85.73% |
| 1 Yr | 17.9% | -15.7% | 101.9% | 83.08% |
| 3 Yr | 15.8%* | 1.1% | 41.0% | 82.89% |
| 5 Yr | 8.8%* | -3.9% | 19.6% | 84.73% |
| 10 Yr | 11.9%* | 5.8% | 55.9% | 82.26% |
* Annualized
Return Ranking - Calendar
| Period | NMUCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 12.7% | -25.2% | 36.9% | 30.04% |
| 2024 | 15.8% | -51.6% | 37.0% | 42.11% |
| 2023 | -5.8% | -15.6% | 47.4% | 99.03% |
| 2022 | -37.3% | -56.3% | 1.1% | 97.60% |
| 2021 | -7.6% | -27.2% | 537.8% | 97.01% |
Total Return Ranking - Trailing
| Period | NMUCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.5% | -13.2% | 43.7% | 85.73% |
| 1 Yr | 17.9% | -15.7% | 101.9% | 83.08% |
| 3 Yr | 15.8%* | 1.1% | 41.0% | 82.89% |
| 5 Yr | 8.8%* | -3.9% | 19.6% | 84.73% |
| 10 Yr | 11.9%* | 5.8% | 55.9% | 82.26% |
* Annualized
Total Return Ranking - Calendar
| Period | NMUCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 13.5% | -3.4% | 43.4% | 75.07% |
| 2024 | 19.2% | -20.1% | 44.5% | 70.22% |
| 2023 | 17.0% | 0.3% | 47.4% | 84.36% |
| 2022 | -18.1% | -31.9% | 11.0% | 48.26% |
| 2021 | 25.3% | 4.1% | 537.8% | 66.30% |
NAV & Total Return History
NMUCX - Holdings
Concentration Analysis
| NMUCX | Category Low | Category High | NMUCX % Rank | |
|---|---|---|---|---|
| Net Assets | 251 M | 3.76 M | 2.2 T | 85.64% |
| Number of Holdings | 47 | 2 | 3885 | 85.20% |
| Net Assets in Top 10 | 97.9 M | 3.24 M | 639 B | 81.94% |
| Weighting of Top 10 | 38.93% | 2.5% | 102.7% | 47.35% |
Top 10 Holdings
- Alphabet Inc 5.45%
- Apple Inc 4.52%
- NVIDIA Corp 4.51%
- Microsoft Corp 3.90%
- Brookfield Corp 3.77%
- Berkshire Hathaway Inc 3.71%
- Amazon.com Inc 3.59%
- US Foods Holding Corp 3.27%
- HCA Healthcare Inc 3.16%
- Broadcom Inc 3.05%
Asset Allocation
| Weighting | Return Low | Return High | NMUCX % Rank | |
|---|---|---|---|---|
| Stocks | 99.60% | 0.00% | 105.13% | 27.75% |
| Cash | 0.40% | 0.00% | 69.97% | 69.69% |
| Preferred Stocks | 0.00% | 0.00% | 5.74% | 76.83% |
| Other | 0.00% | -13.91% | 100.00% | 74.89% |
| Convertible Bonds | 0.00% | 0.00% | 5.54% | 76.13% |
| Bonds | 0.00% | 0.00% | 136.21% | 77.09% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | NMUCX % Rank | |
|---|---|---|---|---|
| Financial Services | 21.78% | 0.00% | 55.59% | 6.74% |
| Consumer Cyclical | 18.12% | 0.00% | 30.33% | 2.25% |
| Industrials | 16.40% | 0.00% | 29.90% | 4.76% |
| Technology | 15.01% | 0.00% | 48.94% | 92.09% |
| Communication Services | 10.78% | 0.00% | 27.94% | 13.57% |
| Healthcare | 7.38% | 0.00% | 52.29% | 96.86% |
| Consumer Defense | 6.81% | 0.00% | 47.71% | 51.57% |
| Basic Materials | 2.89% | 0.00% | 19.45% | 36.75% |
| Utilities | 0.84% | 0.00% | 15.25% | 79.87% |
| Real Estate | 0.00% | 0.00% | 31.91% | 97.66% |
| Energy | 0.00% | 0.00% | 41.64% | 97.75% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | NMUCX % Rank | |
|---|---|---|---|---|
| US | 99.60% | 0.00% | 101.31% | 22.11% |
| Non US | 0.00% | 0.00% | 70.69% | 79.12% |
NMUCX - Expenses
Operational Fees
| NMUCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.00% | 0.01% | 4.93% | 2.93% |
| Management Fee | 0.86% | 0.00% | 1.89% | 94.78% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 95.36% |
| Administrative Fee | 0.26% | 0.00% | 0.85% | 90.88% |
Sales Fees
| NMUCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | 1.00% | 1.00% | 4.00% | 77.57% |
Trading Fees
| NMUCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 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.
| NMUCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 15.00% | 0.00% | 268.00% | 34.49% |
NMUCX - Distributions
Dividend Yield Analysis
| NMUCX | Category Low | Category High | NMUCX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 25.47% | 97.62% |
Dividend Distribution Analysis
| NMUCX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| NMUCX | Category Low | Category High | NMUCX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.78% | -54.00% | 2.44% | 97.93% |
Capital Gain Distribution Analysis
| NMUCX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 15, 2025 | $0.078 | CapitalGainLongTerm |
| Dec 16, 2024 | $0.288 | CapitalGainLongTerm |
| Dec 18, 2023 | $1.978 | CapitalGainLongTerm |
| Dec 15, 2022 | $2.712 | CapitalGainLongTerm |
| Dec 14, 2021 | $4.825 | OrdinaryDividend |
| Dec 14, 2020 | $3.653 | CapitalGainLongTerm |
| Dec 16, 2019 | $0.030 | CapitalGainShortTerm |
| Dec 16, 2019 | $3.295 | CapitalGainLongTerm |
| Dec 17, 2018 | $1.651 | CapitalGainLongTerm |
| Dec 15, 2017 | $1.946 | CapitalGainLongTerm |
| Dec 16, 2016 | $0.001 | CapitalGainShortTerm |
| Dec 16, 2016 | $0.474 | CapitalGainLongTerm |
| Dec 17, 2015 | $0.009 | CapitalGainShortTerm |
| Dec 17, 2015 | $0.438 | CapitalGainLongTerm |
| Dec 15, 2014 | $0.000 | CapitalGainShortTerm |
| Dec 15, 2014 | $0.544 | CapitalGainLongTerm |
| Dec 15, 2014 | $0.020 | OrdinaryDividend |
| Dec 16, 2013 | $0.234 | CapitalGainLongTerm |
| Dec 16, 2013 | $0.058 | OrdinaryDividend |
| Dec 14, 2012 | $0.043 | CapitalGainShortTerm |
| Dec 14, 2012 | $0.047 | CapitalGainLongTerm |
| Dec 14, 2012 | $0.057 | OrdinaryDividend |
| Dec 16, 2011 | $0.266 | CapitalGainShortTerm |
NMUCX - Fund Manager Analysis
Managers
Richard Nackenson
Start Date
Tenure
Tenure Rank
Dec 14, 2009
12.47
12.5%
Richard S. Nackenson, Managing Director of Neuberger Berman and Senior Portfolio Manager for the Nackenson Group. He joined the firm in 1999. Previously, Richard was a Securities Analyst with Appaloosa Management focusing on global investing across capital structures and industry sectors. He was a Senior Research Analyst with Pzena Investment Management and also an Associate with James D. Wolfensohn Incorporated. He began his career with McKinsey & Company. Richard earned both a BS, summa cum laude, and an MBA from the Wharton School at the University of Pennsylvania. He has over 20 years of industry experience.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 39.02 | 7.35 | 2.25 |