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Name

As of 06/01/2026

Price

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

Neuberger Multi-Cap Opportunities Fund

NMUEX | Fund

$12.38

$251 M

0.52%

$0.06

0.73%

Vitals

YTD Return

6.4%

1 yr return

20.1%

3 Yr Avg Return

18.0%

5 Yr Avg Return

N/A

Net Assets

$251 M

Holdings in Top 10

38.9%

52 WEEK LOW AND HIGH

$12.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.73%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 15.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/01/2026

Price

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

Neuberger Multi-Cap Opportunities Fund

NMUEX | Fund

$12.38

$251 M

0.52%

$0.06

0.73%

NMUEX - Profile

Distributions

  • YTD Total Return 6.4%
  • 3 Yr Annualized Total Return 18.0%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Neuberger Multi-Cap Opportunities Fund
  • Fund Family Name
    Neuberger Berman
  • Inception Date
    Nov 30, 2021
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Richard 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.
Read More

NMUEX - Performance

Return Ranking - Trailing

Period NMUEX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.4% -13.2% 43.7% 78.85%
1 Yr 20.1% -15.7% 101.9% 76.30%
3 Yr 18.0%* 1.1% 41.0% 71.69%
5 Yr N/A* -3.9% 19.6% 72.24%
10 Yr N/A* 5.8% 55.9% 45.92%

* Annualized

Return Ranking - Calendar

Period NMUEX Return Category Return Low Category Return High Rank in Category (%)
2025 14.2% -25.2% 36.9% 21.41%
2024 17.1% -51.6% 37.0% 34.98%
2023 -4.0% -15.6% 47.4% 98.76%
2022 N/A -56.3% 1.1% N/A
2021 N/A -27.2% 537.8% N/A

Total Return Ranking - Trailing

Period NMUEX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.4% -13.2% 43.7% 78.85%
1 Yr 20.1% -15.7% 101.9% 76.30%
3 Yr 18.0%* 1.1% 41.0% 71.69%
5 Yr N/A* -3.9% 19.6% 69.15%
10 Yr N/A* 5.8% 55.9% 42.50%

* Annualized

Total Return Ranking - Calendar

Period NMUEX Return Category Return Low Category Return High Rank in Category (%)
2025 15.6% -3.4% 43.4% 59.38%
2024 21.4% -20.1% 44.5% 57.97%
2023 19.4% 0.3% 47.4% 75.97%
2022 N/A -31.9% 11.0% N/A
2021 N/A 4.1% 537.8% N/A

NAV & Total Return History

NMUEX - Holdings

Concentration Analysis

NMUEX Category Low Category High NMUEX % Rank
Net Assets 251 M 3.76 M 2.2 T 85.46%
Number of Holdings 47 2 3885 84.49%
Net Assets in Top 10 97.9 M 3.24 M 639 B 81.76%
Weighting of Top 10 38.93% 2.5% 102.7% 47.17%

Top 10 Holdings

  1. Alphabet Inc 5.45%
  2. Apple Inc 4.52%
  3. NVIDIA Corp 4.51%
  4. Microsoft Corp 3.90%
  5. Brookfield Corp 3.77%
  6. Berkshire Hathaway Inc 3.71%
  7. Amazon.com Inc 3.59%
  8. US Foods Holding Corp 3.27%
  9. HCA Healthcare Inc 3.16%
  10. Broadcom Inc 3.05%

Asset Allocation

Weighting Return Low Return High NMUEX % Rank
Stocks 		99.60% 0.00% 105.13% 27.58%
Cash 		0.40% 0.00% 69.97% 69.52%
Preferred Stocks 		0.00% 0.00% 5.74% 30.93%
Other 		0.00% -13.91% 100.00% 46.34%
Convertible Bonds 		0.00% 0.00% 5.54% 26.26%
Bonds 		0.00% 0.00% 136.21% 29.78%

Stock Sector Breakdown

Weighting Return Low Return High NMUEX % Rank
Financial Services 		21.78% 0.00% 55.59% 6.38%
Consumer Cyclical 		18.12% 0.00% 30.33% 2.07%
Industrials 		16.40% 0.00% 29.90% 4.58%
Technology 		15.01% 0.00% 48.94% 91.91%
Communication Services 		10.78% 0.00% 27.94% 13.39%
Healthcare 		7.38% 0.00% 52.29% 96.68%
Consumer Defense 		6.81% 0.00% 47.71% 50.76%
Basic Materials 		2.89% 0.00% 19.45% 36.57%
Utilities 		0.84% 0.00% 15.25% 79.60%
Real Estate 		0.00% 0.00% 31.91% 89.94%
Energy 		0.00% 0.00% 41.64% 89.40%

Stock Geographic Breakdown

Weighting Return Low Return High NMUEX % Rank
US 		99.60% 0.00% 101.31% 21.94%
Non US 		0.00% 0.00% 70.69% 40.26%

NMUEX - Expenses

Operational Fees

NMUEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.73% 0.01% 4.93% 52.80%
Management Fee 0.60% 0.00% 1.89% 65.49%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

NMUEX 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% 4.00% N/A

Trading Fees

NMUEX 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.

NMUEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 15.00% 0.00% 268.00% 33.44%

NMUEX - Distributions

Dividend Yield Analysis

NMUEX Category Low Category High NMUEX % Rank
Dividend Yield 0.52% 0.00% 25.47% 0.79%

Dividend Distribution Analysis

NMUEX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Quarterly

Net Income Ratio Analysis

NMUEX Category Low Category High NMUEX % Rank
Net Income Ratio N/A -54.00% 2.44% N/A

Capital Gain Distribution Analysis

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

Distributions History

View More +

NMUEX - 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

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