NLSIX: Neuberger Berman Long Short Fund - MutualFunds.com
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Neuberger Berman Long Short Instl

NLSIX - Snapshot

Vitals

  • YTD Return 3.2%
  • 3 Yr Annualized Return 8.7%
  • 5 Yr Annualized Return 8.1%
  • Net Assets $4.6 B
  • Holdings in Top 10 36.8%

52 WEEK LOW AND HIGH

$17.12
$14.24
$17.14

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.80%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 81.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

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

Compare NLSIX to Popular Long-Short Equity Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Neuberger Berman Long Short Fund

Fund

$17.14

+0.12%

$4.60 B

-

$0.00

3.19%

1.80%

Diamond Hill Long-Short Fund

Fund

$28.67

+0.11%

$2.03 B

0.17%

$0.05

10.74%

1.82%

AB Select US Long/Short Portfolio

Fund

$14.96

-0.07%

$1.31 B

0.00%

$0.00

7.78%

1.66%

PIMCO RAE Worldwide Long/Short PLUS Fund

Fund

$8.55

+0.35%

$1.20 B

8.72%

$0.74

4.52%

1.28%

John Hancock Seaport Long/Short Fund

Fund

$12.86

-0.08%

$1.02 B

0.00%

$0.00

2.63%

1.70%

NLSIX - Profile

Distributions

  • YTD Total Return 3.2%
  • 3 Yr Annualized Total Return 8.7%
  • 5 Yr Annualized Total Return 8.1%
  • 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
    Inst
  • 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.

NLSIX - Performance

Return Ranking - Trailing

Period NLSIX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.2% -6.5% 35.4% 70.50%
1 Yr 23.7% -22.9% 106.6% 51.78%
3 Yr 8.7%* -16.2% 23.2% 28.65%
5 Yr 8.1%* -6.8% 17.2% 34.94%
10 Yr N/A* -0.3% 9.9% N/A

* Annualized

Return Ranking - Calendar

Period NLSIX Return Category Return Low Category Return High Rank in Category (%)
2020 12.8% -47.6% 88.4% 24.62%
2019 14.4% -12.0% 37.8% 16.13%
2018 -12.2% -41.4% 12.7% 72.88%
2017 13.4% -67.1% 21.9% 17.68%
2016 3.7% -17.3% 25.3% 43.36%

Total Return Ranking - Trailing

Period NLSIX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.2% -8.2% 35.4% 70.50%
1 Yr 23.7% -26.7% 106.6% 50.76%
3 Yr 8.7%* -17.3% 23.2% 24.86%
5 Yr 8.1%* -7.2% 17.2% 32.53%
10 Yr N/A* -0.3% 9.9% N/A

* Annualized

Total Return Ranking - Calendar

Period NLSIX Return Category Return Low Category Return High Rank in Category (%)
2020 12.8% -47.6% 88.4% 24.62%
2019 14.4% -12.0% 37.8% 16.13%
2018 -12.2% -23.0% 12.7% 77.40%
2017 13.4% -3.6% 24.8% 31.71%
2016 3.7% -15.5% 25.3% 45.45%

NAV & Total Return History

NLSIX - Holdings

Concentration Analysis

NLSIX Category Low Category High NLSIX % Rank
Net Assets 4.6 B 0 4.6 B 0.99%
Number of Holdings 204 3 3211 31.16%
Net Assets in Top 10 33.7 M -99.2 M 675 M 36.18%
Weighting of Top 10 36.79% 0.1% 100.0% 59.17%

Top 10 Holdings

  1. Future on S&P 500 Mar21 14.49%
  2. Future on S&P 500 Mar21 14.49%
  3. Future on S&P 500 Mar21 14.49%
  4. Future on S&P 500 Mar21 14.49%
  5. Future on S&P 500 Mar21 14.49%
  6. Future on S&P 500 Mar21 14.49%
  7. Future on S&P 500 Mar21 14.49%
  8. Future on S&P 500 Mar21 14.49%
  9. Future on S&P 500 Mar21 14.49%
  10. Future on S&P 500 Mar21 14.49%

Asset Allocation

Weighting Return Low Return High NLSIX % Rank
Stocks 		69.35% -8.47% 153.48% 51.24%
Cash 		21.88% -140.68% 108.46% 57.29%
Bonds 		3.42% -3.48% 152.17% 16.92%
Other 		2.58% -70.40% 38.53% 10.55%
Preferred Stocks 		2.21% -0.01% 13.55% 5.03%
Convertible Bonds 		0.56% 0.00% 3.53% 7.04%

Stock Sector Breakdown

Weighting Return Low Return High NLSIX % Rank
Technology 		25.17% 0.00% 43.72% 18.62%
Consumer Cyclical 		13.77% 0.00% 76.87% 34.57%
Industrials 		12.78% 0.00% 40.20% 34.57%
Financial Services 		10.46% 0.00% 76.89% 67.55%
Healthcare 		9.36% 0.00% 97.32% 74.47%
Communication Services 		8.07% 0.00% 25.58% 58.51%
Consumer Defense 		7.56% 0.00% 55.76% 36.70%
Utilities 		5.68% 0.00% 27.45% 11.17%
Basic Materials 		4.47% 0.00% 17.64% 29.79%
Energy 		2.68% 0.00% 15.00% 38.83%
Real Estate 		0.00% 0.00% 21.14% 81.38%

Stock Geographic Breakdown

Weighting Return Low Return High NLSIX % Rank
US 		65.33% -33.28% 150.78% 43.22%
Non US 		4.02% -2.54% 67.09% 57.79%

Bond Sector Breakdown

Weighting Return Low Return High NLSIX % Rank
Cash & Equivalents 		72.73% 0.00% 100.00% 85.93%
Corporate 		27.27% 0.00% 100.00% 7.04%
Derivative 		0.00% 0.00% 44.14% 28.14%
Securitized 		0.00% 0.00% 16.50% 26.63%
Municipal 		0.00% 0.00% 0.50% 22.11%
Government 		0.00% 0.00% 83.22% 39.20%

Bond Geographic Breakdown

Weighting Return Low Return High NLSIX % Rank
US 		3.05% -3.48% 152.17% 16.58%
Non US 		0.37% -121.00% 8.49% 6.03%

NLSIX - Expenses

Operational Fees

NLSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.80% 0.39% 12.79% 69.19%
Management Fee 1.26% 0.00% 2.25% 69.80%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.03% 1.47% 53.06%

Sales Fees

NLSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

NLSIX 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.

NLSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 81.00% 0.00% 498.00% 36.02%

NLSIX - Distributions

Dividend Yield Analysis

NLSIX Category Low Category High NLSIX % Rank
Dividend Yield 0.00% 0.00% 0.87% 25.25%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

NLSIX Category Low Category High NLSIX % Rank
Net Income Ratio -0.08% -2.70% 3.99% 37.88%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

NLSIX - Fund Manager Analysis

Managers

Charles Kantor

Start Date

Tenure

Tenure Rank

Dec 29, 2011

9.26

9.3%

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

4.09

4.1%

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
0.02 22.38 5.77 6.76

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