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NLSCX Neuberger Berman Long Short C

  • Fund
  • NLSCX
  • Price as of: Jun 05, 2019
  • $14.02 + $0.05 + 0.36%
  • Category
  • Long-Short

NLSCX - Profile

Vitals

  • YTD Return 9.3%
  • 3 Yr Annualized Return 2.1%
  • 5 Yr Annualized Return 0.7%
  • Net Assets $2.63 B
  • Holdings in Top 10 39.6%

52 WEEK LOW AND HIGH

$14.02
$12.49
$15.26

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.71%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 83.00%

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 9.3%
  • 3 Yr Annualized Total Return 2.1%
  • 5 Yr Annualized Total Return 0.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.88%
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 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 (%)
YTD 9.3% -14.5% 26.1% 29.28%
1 Yr -5.7% -30.5% 11.0% 56.91%
3 Yr 2.1%* -27.5% 13.3% 43.65%
5 Yr 0.7%* -25.4% 11.6% 45.24%
10 Yr N/A* -13.0% 10.5% N/A

* Annualized


Return Ranking - Calendar

Period NLSCX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.2% -24.8% 12.7% 66.85%
2017 12.2% -46.3% 26.8% 19.89%
2016 2.6% -20.0% 25.3% 53.67%
2015 -5.1% -22.2% 14.0% 68.18%
2014 1.0% -24.3% 60.7% 51.03%

Total Return Ranking - Trailing

Period NLSCX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.3% -14.5% 26.1% 29.28%
1 Yr -5.7% -30.5% 11.0% 60.22%
3 Yr 2.1%* -9.2% 13.3% 56.91%
5 Yr 0.8%* -9.0% 15.4% 63.69%
10 Yr N/A* -7.0% 12.8% N/A

* Annualized


Total Return Ranking - Calendar

Period NLSCX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.2% -24.8% 12.7% 70.72%
2017 12.2% -12.7% 26.8% 39.78%
2016 2.6% -15.5% 25.3% 58.76%
2015 -5.1% -14.2% 22.6% 81.82%
2014 1.4% -15.0% 64.3% 69.66%

NAV & Total Return History

NLSCX - Holdings

Concentration Analysis

NLSCX Category Low Category High NLSCX % Rank
Net Assets 2.63 B 2.3 M 7.93 B 8.29%
Number of Holdings 195 3 2273 33.15%
Net Assets in Top 10 89.3 M -162 M 2.21 B 29.28%
Weighting of Top 10 39.58% 0.0% 98.8% 38.12%

Top 10 Holdings

  1. S+p500 Emini Fut Jun19 Xcme 20190621 12.74%

  2. Nasdaq 100 E-Mini Jun19 Xcme 20190621 4.97%

  3. IHS Markit Ltd 3.29%

  4. Visa Inc Class A 2.99%

  5. McDonald's Corp 2.70%

  6. Alphabet Inc A 2.66%

  7. Brookfield Asset Management Inc Class A 2.60%

  8. Ashland Global Holdings Inc 2.60%

  9. HD Supply Holdings Inc 2.54%

  10. Facebook Inc A 2.48%


Asset Allocation

Weighting Return Low Return High NLSCX % Rank
Stocks
61.07% -0.59% 122.42% 59.12%
Cash
29.32% -16.33% 100.58% 40.88%
Bonds
8.27% -9.42% 92.61% 17.68%
Preferred Stocks
1.01% -0.56% 1.92% 1.10%
Convertible Bonds
0.21% -0.01% 1.15% 7.18%
Other
0.11% -3.71% 46.57% 23.76%

Stock Sector Breakdown

Weighting Return Low Return High NLSCX % Rank
Industrials
17.81% -7.80% 21.99% 3.93%
Consumer Cyclical
17.53% -2.82% 27.34% 10.11%
Financial Services
17.23% 0.00% 69.83% 20.79%
Technology
17.17% -4.90% 37.98% 23.03%
Healthcare
7.66% -2.59% 48.92% 57.30%
Consumer Defense
6.95% -4.04% 18.29% 28.65%
Basic Materials
4.77% -2.92% 16.51% 12.92%
Energy
4.37% -0.14% 18.22% 34.27%
Utilities
4.36% -3.64% 12.16% 18.54%
Real Estate
0.00% -8.92% 50.29% 73.60%
Communication Services
0.00% -2.50% 12.55% 84.83%

Stock Geographic Breakdown

Weighting Return Low Return High NLSCX % Rank
US
57.20% -0.58% 97.99% 55.80%
Non US
3.87% -0.93% 94.30% 39.23%

Bond Sector Breakdown

Weighting Return Low Return High NLSCX % Rank
Cash & Equivalents
32.09% -16.33% 100.58% 44.20%
Corporate
7.08% -6.09% 61.26% 9.94%
Derivative
0.00% -9.37% 4.00% 32.60%
Securitized
0.00% 0.00% 28.09% 44.75%
Municipal
0.00% 0.00% 0.23% 38.67%
Government
-0.35% -1.05% 59.34% 97.79%

Bond Geographic Breakdown

Weighting Return Low Return High NLSCX % Rank
US
7.31% -9.42% 82.37% 16.02%
Non US
0.96% -0.95% 10.38% 16.57%

NLSCX - Expenses

Operational Fees

NLSCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.71% 0.42% 4.90% 23.76%
Management Fee 1.36% 0.25% 2.25% 69.61%
12b-1 Fee 1.00% 0.00% 1.00% 78.40%
Administrative Fee 0.26% 0.01% 0.55% 94.53%

Sales Fees

NLSCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load 1.00% 1.00% 1.00% 25.00%

Trading Fees

NLSCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 83.00% 0.00% 5067.00% 37.57%

NLSCX - Distributions

Dividend Yield Analysis

NLSCX Category Low Category High NLSCX % Rank
Dividend Yield 0.00% 0.00% 0.12% 64.64%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

NLSCX Category Low Category High NLSCX % Rank
Net Income Ratio -0.88% -2.95% 1.42% 80.66%

Capital Gain Distribution Analysis

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

NLSCX - Managers

Charles C. Kantor

Manager

Start Date

Tenure

Tenure Rank

Dec 29, 2011

7.42

7.4%

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

Tenure

Tenure Rank

Feb 28, 2017

2.25

2.3%

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

0.1

Category High

40.95

Category Average

6.59

Category Mode

5.45