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NLSCX Neuberger Berman Long Short C

  • Fund
  • NLSCX
  • Price as of: May 25, 2017
  • $13.12
  • + $0.10
  • + 0.77%
  • Category
  • Long-Short

NLSCX - Profile

Vitals

  • YTD Return 6.8%
  • 3 Yr Annualized Return 1.6%
  • 5 Yr Annualized Return 4.4%
  • Net Assets $2.4 B
  • Holdings in Top 10 47.6%

52 WEEK LOW AND HIGH

$13.12
$11.96
$13.12

Expenses

OPERATING RELATED FEES

  • Expense Ratio 3.02%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 86.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 6.8%
  • 3 Yr Annualized Total Return 1.6%
  • 5 Yr Annualized Total Return 4.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.33%
DIVIDENDS
  • Dividend Yield N/A
  • 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 C
  • Currency USD
  • Domiciled Country United States
  • Manager Charles C. Kantor

NLSCX - Performance

Return Ranking - Trailing

Period NLSCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.8% -38.1% 13.9% 12.13% 1
1 Yr 6.8% -34.0% 27.4% 40.88% 3
3 Yr 1.6% * -16.0% 15.2% 63.84% 4
5 Yr 4.4% * -9.7% 13.3% 48.55% 3
10 Yr N/A * -5.9% 10.3% N/A N/A

* Annualized


Return Ranking - Calendar

Period NLSCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 2.6% -23.7% 25.3% 39.75% 3
2015 -5.1% -27.2% 16.2% 59.93% 4
2014 1.0% -24.3% 22.9% 50.88% 3
2013 12.8% -25.6% 38.6% 41.14% 3
2012 10.5% -13.8% 26.0% 19.53% 1

Total Return Ranking - Trailing

Period NLSCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.8% -38.1% 13.9% 12.20% 1
1 Yr 5.8% -34.0% 27.4% 39.41% 2
3 Yr 1.6% * -17.0% 15.2% 60.52% 4
5 Yr 4.4% * -10.8% 13.3% 45.09% 3
10 Yr N/A * -5.9% 10.3% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period NLSCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 2.6% -23.7% 25.3% 41.19% 3
2015 -5.1% -27.2% 24.4% 76.71% 4
2014 1.4% -15.0% 28.5% 70.93% 4
2013 13.4% -26.4% 44.5% 58.10% 3
2012 11.3% -15.6% 27.7% 32.81% 2

NAV & Total Return History

NLSCX - Holdings

Filings data as of: Feb 28, 2017

Concentration Analysis

NLSCX Category Low Category High NLSCX % Rank Quintile
Net Assets 2.4 B 101 K 7.92 B 1.73% 1
Number of Holdings 233 2 1852 9.01% 2
Net Assets in Top 10 64.2 M -166 M 2.08 B 6.98% 1
Weighting of Top 10 47.6% 0.0% 628.9% 14.53% 2

Top 10 Holdings

  1. Brookfield Infrastructure Partners LP 3.15%
  2. The Home Depot Inc 3.03%
  3. DaVita Inc 3.62%
  4. S+p500 Emini Fut Mar17 Xcme 20170317 17.91%
  5. Russell 2000 Mini Mar17 Ifus 20170317 4.18%
  6. Conagra Brands Inc 2.65%
  7. Whole Foods Market Inc 3.85%
  8. IHS Markit Ltd A 3.40%
  9. Enbridge Inc 2.73%
  10. Dentsply Sirona Inc 3.07%

Asset Allocation

Weighting Category Low Category High NLSCX % Rank Quintile
Stocks
62.72% -39.18% 125.91% 17.63% 3
Cash
29.56% -42.00% 100.81% 22.67% 3
Bonds
9.78% -10.67% 80.48% 6.36% 1
Preferred Stocks
0.00% -1.73% 10.76% 5.23% 3
Convertible Bonds
0.00% 0.00% 5.37% 2.91% 2
Other
-2.05% -61.40% 70.59% 22.09% 5

Stock Sector Breakdown

Weighting Category Low Category High NLSCX % Rank Quintile
Consumer Cyclical
18.24% -9.25% 33.70% 2.36% 1
Industrials
17.58% -12.12% 32.92% 1.77% 1
Healthcare
13.22% -12.48% 76.01% 8.55% 2
Financial Services
12.41% -5.70% 72.96% 15.63% 2
Consumer Defense
10.48% -18.65% 21.16% 4.13% 1
Technology
8.95% -7.00% 46.54% 21.53% 3
Utilities
7.53% -7.68% 27.82% 1.77% 1
Energy
6.90% -7.51% 17.92% 8.26% 2
Basic Materials
3.19% -4.24% 16.85% 14.16% 2
Real Estate
2.67% -7.67% 78.46% 9.14% 2
Communication Services
1.39% -4.48% 11.04% 19.47% 3

Stock Geographic Breakdown

Weighting Category Low Category High NLSCX % Rank Quintile
US
55.76% -38.73% 125.13% 18.02% 3
Non US
6.96% -30.21% 93.74% 15.12% 2

Bond Sector Breakdown

Weighting Category Low Category High NLSCX % Rank Quintile
Cash & Equivalents
29.56% -49.07% 119.99% 20.35% 3
Corporate
9.78% -1.67% 51.83% 3.20% 1
Derivative
0.00% -9.98% 61.34% 6.69% 2
Securitized
0.00% -0.05% 35.87% 3.78% 2
Municipal
0.00% 0.00% 87.73% 4.36% 2
Government
0.00% -21.87% 39.59% 4.94% 2

Bond Geographic Breakdown

Weighting Category Low Category High NLSCX % Rank Quintile
US
8.79% -10.67% 77.82% 6.98% 1
Non US
0.99% -17.95% 27.88% 3.78% 1

NLSCX - Expenses

Operational Fees

NLSCX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 3.02% 0.72% 74.87% 32.16% 3
Management Fee 1.37% 0.00% 2.45% 4.91% 4
12b-1 Fee 1.00% 0.00% 1.00% 0.44% 5
Administrative Fee 0.26% 0.01% 0.55% 2.20% 5

Sales Fees

NLSCX Fees (% of AUM) Category Low Category High NLSCX Rank Quintile
Front Load N/A 2.50% 5.75% N/A N/A
Deferred Load 1.00% 1.00% 5.00% 3.39% 2

Trading Fees

NLSCX Fees (% of AUM) Category Low Category High NLSCX Rank Quintile
Max Redemption Fee N/A 0.50% 2.00% N/A N/A

Turnover 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.

NLSCX Fees (% of AUM) Category Low Category High NLSCX Rank Quintile
Turnover 86.00% 0.00% 9956.00% 23.15% 2

NLSCX - Distributions

Dividend Yield Analysis

NLSCX Category Low Category High NLSCX % Rank Quintile
Dividend Yield N/A 0.00% 0.80% N/A N/A

Dividend Distribution Analysis

NLSCX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

NLSCX Category Low Category High NLSCX % Rank Quintile
Net Income Ratio -1.33% -3.73% 2.98% 46.20% 4

Capital Gain Distribution Analysis

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

NLSCX - Managers

Charles C. Kantor

Manager

Start Date

Dec 29, 2011

Tenure

5.34

Tenure Rank

6.2%

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

Manager

Start Date

Feb 28, 2017

Tenure

0.17

Tenure Rank

18.5%

Marc Regenbaum is a Managing Director of the Manager. Mr. Regenbaum joined the Neuberger Berman Investment Advisers LLC in 2007 and has been an Associate Portfolio Manager. 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

0.2

Category High

38.9

Category Average

4.51

Category Mode

2.3