NLSAX: Neuberger Berman Long Short A

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NLSAX Neuberger Berman Long Short A


Profile

NLSAX - Profile

Vitals

  • YTD Return 3.8%
  • 3 Yr Annualized Return 2.5%
  • 5 Yr Annualized Return 2.7%
  • Net Assets $3.16 B
  • Holdings in Top 10 31.5%

52 WEEK LOW AND HIGH

$15.21
$13.05
$15.32

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.13%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 66.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return 3.8%
  • 3 Yr Annualized Total Return 2.5%
  • 5 Yr Annualized Total Return 2.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.08%
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
    A
  • 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.


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Categories

Performance

NLSAX - Performance

Return Ranking - Trailing

Period NLSAX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.8% -59.8% 62.2% 10.05%
1 Yr 4.7% -74.1% 67.4% 10.43%
3 Yr 2.5%* -43.6% 41.0% 17.05%
5 Yr 2.7%* -38.8% 35.8% 15.23%
10 Yr N/A* -38.6% 34.0% N/A

* Annualized

Return Ranking - Calendar

Period NLSAX Return Category Return Low Category Return High Rank in Category (%)
2019 14.0% -58.1% 80.6% 51.26%
2018 -12.5% -64.5% 23.6% 53.73%
2017 13.0% -55.3% 69.8% 33.10%
2016 3.3% -34.8% 68.2% 61.40%
2015 -4.3% -50.8% 22.5% 39.49%

Total Return Ranking - Trailing

Period NLSAX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.8% -59.8% 62.2% 10.05%
1 Yr 4.7% -74.1% 67.4% 10.43%
3 Yr 2.5%* -43.6% 41.0% 28.65%
5 Yr 2.7%* -38.8% 35.8% 33.77%
10 Yr N/A* -38.6% 34.0% N/A

* Annualized

Total Return Ranking - Calendar

Period NLSAX Return Category Return Low Category Return High Rank in Category (%)
2019 14.0% -58.1% 80.6% 51.38%
2018 -12.5% -64.5% 23.6% 65.23%
2017 13.0% -55.3% 69.8% 48.79%
2016 3.3% -34.8% 70.7% 71.47%
2015 -4.3% -50.8% 30.8% 59.15%

NAV & Total Return History


Holdings

NLSAX - Holdings

Concentration Analysis

NLSAX Category Low Category High NLSAX % Rank
Net Assets 3.16 B 92.3 K 98.5 B 11.46%
Number of Holdings 242 1 2004 16.21%
Net Assets in Top 10 113 M -2.14 B 26.6 B 30.99%
Weighting of Top 10 31.46% 0.0% 100.0% 56.48%

Top 10 Holdings

  1. E-mini S&P 500 Futures June20 11.60%
  2. Amazon.com Inc 2.69%
  3. E-mini Nasdaq 100 Future June 20 2.65%
  4. Alphabet Inc A 2.63%
  5. Microsoft Corp 2.62%
  6. McDonald's Corp 2.44%
  7. Apple Inc 2.12%
  8. Ashland Global Holdings Inc 2.07%
  9. NextEra Energy Inc 2.04%
  10. IHS Markit Ltd 1.98%

Asset Allocation

Weighting Return Low Return High NLSAX % Rank
Stocks
56.27% -46.11% 100.41% 68.18%
Cash
36.95% -0.92% 1041.68% 33.13%
Bonds
3.23% -696.69% 45.33% 21.45%
Other
1.55% -895.56% 38.46% 21.10%
Preferred Stocks
1.09% -0.02% 19.36% 9.18%
Convertible Bonds
0.91% 0.00% 33.69% 9.06%

Stock Sector Breakdown

Weighting Return Low Return High NLSAX % Rank
Technology
18.27% 0.00% 99.85% 49.81%
Consumer Cyclical
13.60% 0.00% 59.77% 24.34%
Financial Services
13.31% 0.00% 100.00% 51.69%
Industrials
12.25% 0.00% 70.69% 27.10%
Healthcare
12.24% 0.00% 100.00% 62.99%
Communication Services
9.47% 0.00% 100.00% 42.41%
Utilities
6.16% 0.00% 99.08% 17.31%
Consumer Defense
5.82% 0.00% 69.13% 55.46%
Basic Materials
5.67% 0.00% 63.34% 14.43%
Energy
3.19% 0.00% 100.00% 43.54%
Real Estate
0.00% 0.00% 100.00% 96.86%

Stock Geographic Breakdown

Weighting Return Low Return High NLSAX % Rank
US
54.81% -29.34% 83.25% 65.44%
Non US
1.46% -48.75% 62.54% 63.17%

Bond Sector Breakdown

Weighting Return Low Return High NLSAX % Rank
Cash & Equivalents
79.55% -0.92% 100.00% 70.92%
Corporate
20.45% 0.00% 100.00% 16.92%
Derivative
0.00% -0.02% 86.99% 83.79%
Securitized
0.00% 0.00% 43.57% 83.31%
Municipal
0.00% 0.00% 11.01% 82.24%
Government
0.00% 0.00% 56.70% 88.44%

Bond Geographic Breakdown

Weighting Return Low Return High NLSAX % Rank
US
1.82% -696.69% 34.30% 23.00%
Non US
1.41% -252.88% 11.03% 6.67%

Expenses

NLSAX - Expenses

Operational Fees

NLSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.13% 0.03% 12.16% 34.07%
Management Fee 1.37% 0.00% 2.94% 90.60%
12b-1 Fee 0.25% 0.00% 1.00% 55.30%
Administrative Fee 0.26% 0.01% 1.12% 98.19%

Sales Fees

NLSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 0.50% 5.75% 44.06%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

NLSAX 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.

NLSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 66.00% 0.00% 496.00% 56.07%

Distributions

NLSAX - Distributions

Dividend Yield Analysis

NLSAX Category Low Category High NLSAX % Rank
Dividend Yield 0.00% 0.00% 11.31% 81.67%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

NLSAX Category Low Category High NLSAX % Rank
Net Income Ratio -0.08% -4.31% 4.44% 69.42%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

NLSAX - Fund Manager Analysis

Managers

Charles Kantor


Start Date

Tenure

Tenure Rank

Dec 29, 2011

8.51

8.5%

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

3.34

3.3%

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
0.04 41.52 8.39 6.75