Neuberger Berman Long Short Instl
- NLSIX
- Price as of: Apr 12, 2021
-
$17.12
N/A N/A
- Primary Theme
- Long-Short Equity
- Fund Company
- Neuberger Berman
- Share Class
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
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
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%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameNeuberger Berman Long Short Fund
-
Fund Family NameNeuberger Berman
-
Inception DateDec 29, 2011
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerCharles 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
- Future on S&P 500 Mar21 14.49%
- Future on S&P 500 Mar21 14.49%
- Future on S&P 500 Mar21 14.49%
- Future on S&P 500 Mar21 14.49%
- Future on S&P 500 Mar21 14.49%
- Future on S&P 500 Mar21 14.49%
- Future on S&P 500 Mar21 14.49%
- Future on S&P 500 Mar21 14.49%
- Future on S&P 500 Mar21 14.49%
- 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
Date | Amount |
---|---|
Dec 24, 2015 | $0.002 |
Dec 22, 2014 | $0.026 |
Dec 23, 2013 | $0.007 |
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 |