NUPCX: Neuberger Berman US Eq Idx PtWrtStrt C

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NUPCX Neuberger Berman US Eq Idx PtWrtStrt C


Profile

NUPCX - Profile

Vitals

  • YTD Return -1.5%
  • 3 Yr Annualized Return -1.0%
  • 5 Yr Annualized Return N/A
  • Net Assets $302 M
  • Holdings in Top 10 85.5%

52 WEEK LOW AND HIGH

$10.82
$8.42
$11.41

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.92%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 31.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Options-based

Distributions

  • YTD Total Return -1.5%
  • 3 Yr Annualized Total Return 0.9%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.54%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Neuberger Berman U.S. Equity Index PutWrite Strategy Fund
  • Fund Family Name
    Neuberger Berman
  • Inception Date
    Sep 16, 2016
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Derek Devens

Fund Description

The fund seeks to achieve its goal primarily through a strategy of writing collateralized put options on both U.S. indices, including the S&P 500® Index and the Russell 2000® Index, and exchange traded funds. The advisor attempts to generate returns through the receipt of option premiums from selling puts, as well as through investments in fixed income instruments, which collectively are intended to reduce volatility relative to what it would be if the fund held the underlying equity index on which the options are written.


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Categories

Performance

NUPCX - Performance

Return Ranking - Trailing

Period NUPCX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.5% -20.2% 21.8% 63.16%
1 Yr -0.9% -20.8% 22.6% 53.77%
3 Yr -1.0%* -12.3% 6.1% 51.20%
5 Yr N/A* -5.5% 7.2% N/A
10 Yr N/A* -7.1% 11.4% N/A

* Annualized

Return Ranking - Calendar

Period NUPCX Return Category Return Low Category Return High Rank in Category (%)
2019 9.9% -8.5% 32.8% 18.44%
2018 -7.3% -35.5% 3.8% 44.20%
2017 4.4% -9.1% 15.4% 57.29%
2016 N/A -11.7% 15.3% N/A
2015 N/A -21.5% 14.0% N/A

Total Return Ranking - Trailing

Period NUPCX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.5% -20.2% 21.8% 63.16%
1 Yr -0.9% -20.8% 22.6% 53.77%
3 Yr 0.9%* -9.9% 8.7% 36.44%
5 Yr N/A* -3.8% 13.8% N/A
10 Yr N/A* -2.6% 13.9% N/A

* Annualized

Total Return Ranking - Calendar

Period NUPCX Return Category Return Low Category Return High Rank in Category (%)
2019 9.9% -8.5% 32.8% 19.45%
2018 -6.9% -35.5% 3.8% 56.88%
2017 10.1% -6.6% 21.6% 22.98%
2016 N/A -10.4% 20.3% N/A
2015 N/A -18.5% 22.6% N/A

NAV & Total Return History


Holdings

NUPCX - Holdings

Concentration Analysis

NUPCX Category Low Category High NUPCX % Rank
Net Assets 302 M 1.06 M 154 B 50.77%
Number of Holdings 54 1 6322 85.23%
Net Assets in Top 10 237 M 973 K 61.2 B 27.71%
Weighting of Top 10 85.53% 5.0% 362.0% 13.00%

Top 10 Holdings

  1. United States Treasury Notes 1.88% 16.40%
  2. United States Treasury Notes 2.75% 12.98%
  3. United States Treasury Notes 2.38% 12.93%
  4. United States Treasury Notes 2.62% 12.52%
  5. United States Treasury Notes 1.75% 8.92%
  6. United States Treasury Notes 2.62% 8.89%
  7. United States Treasury Notes 2.38% 8.50%
  8. United States Treasury Notes 1.5% 3.94%
  9. S+p 500 Index Jul20 3145 Put 0.25%
  10. S+p 500 Index Jul20 3200 Put 0.22%

Asset Allocation

Weighting Return Low Return High NUPCX % Rank
Bonds
85.06% 64.02% 7817.38% 88.76%
Cash
16.83% -7742.24% 19.36% 1.41%
Preferred Stocks
0.00% 0.00% 4.20% 44.02%
Other
0.00% -28.54% 107.95% 52.74%
Convertible Bonds
0.00% 0.00% 19.31% 76.65%
Stocks
-1.89% -8.58% 99.98% 98.74%

Bond Sector Breakdown

Weighting Return Low Return High NUPCX % Rank
Government
83.48% -0.16% 263.38% 8.86%
Cash & Equivalents
16.52% -221.24% 69.52% 18.85%
Derivative
0.00% -62.05% 67.50% 71.17%
Securitized
0.00% 0.00% 89.51% 66.67%
Corporate
0.00% 0.00% 93.86% 92.55%
Municipal
0.00% 0.00% 31.06% 45.99%

Bond Geographic Breakdown

Weighting Return Low Return High NUPCX % Rank
US
85.06% -116.15% 7779.00% 10.41%
Non US
0.00% -263.33% 569.75% 95.92%

Expenses

NUPCX - Expenses

Operational Fees

NUPCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.92% 0.01% 43.49% 23.07%
Management Fee 0.71% 0.00% 2.50% 70.93%
12b-1 Fee 1.00% 0.00% 1.00% 84.01%
Administrative Fee 0.26% 0.01% 0.50% 85.89%

Sales Fees

NUPCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 37.00%

Trading Fees

NUPCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

NUPCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 31.00% 0.00% 479.00% 14.52%

Distributions

NUPCX - Distributions

Dividend Yield Analysis

NUPCX Category Low Category High NUPCX % Rank
Dividend Yield 0.00% 0.00% 9.00% 35.67%

Dividend Distribution Analysis

NUPCX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Net Income Ratio Analysis

NUPCX Category Low Category High NUPCX % Rank
Net Income Ratio 0.54% -1.05% 9.08% 93.87%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

NUPCX - Fund Manager Analysis

Managers

Derek Devens


Start Date

Tenure

Tenure Rank

Sep 16, 2016

3.96

4.0%

Derek Devens, CFA, is a Managing Director of Neuberger Berman Investment Advisers LLC. Mr. Devens joined Neuberger Berman Investment Advisers LLC in 2016 and is a Senior Portfolio Manager of the Options Group. Prior to joining Neuberger Berman Investment Advisers LLC, he was a member of the investment committee at another investment adviser since 2010, where he also served as a portfolio manager since 2012.

Rory Ewing


Start Date

Tenure

Tenure Rank

Feb 28, 2019

1.51

1.5%

Rory Ewing is a Senior Vice President of Neuberger Berman Investment Advisers LLC. He joined the firm in 2016 and has been an Associate Portfolio Manager of the Fund since May 2019. Mr. Ewing is an Associate Portfolio Manager and a Research Analyst for the Options Group. Prior to joining the firm, he was most recently a research analyst at another investment adviser since 2013. Mr. Ewing has held several investment positions at different investment advisers.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.45 5.99 5.93