Neuberger Berman Absolute Return Multi-Manager Fund (NABIX)
The fund seeks to achieve its goal by allocating its assets to multiple subadvisers that employ a variety of investment strategies. The Portfolio Managers are responsible for selecting each subadviser and for determining the amount of fund assets to allocate to each subadviser. The Portfolio Managers allocate fund assets among a variety of investment strategies to subadvisers whose strategy the Portfolio Managers believe, when combined to form a single portfolio, can provide attractive risk-adjusted returns over the long term.
Fund Info
US64128R8557
64128R855
May 14, 2012
$1,000,000
Expense Ratio
NABIX has a high expense ratio of 1.98%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Neuberger Berman Absolute Return Multi-Manager Fund (NABIX) returned 1.91% year-to-date (YTD) and 4.82% over the past 12 months. Over the past 10 years, NABIX returned 2.17% annually, underperforming the S&P 500 benchmark at 10.84%.
NABIX
1.91%
0.00%
3.09%
4.82%
4.40%
4.82%
2.17%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of NABIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.58% | 0.33% | 0.00% | 0.00% | 0.00% | 1.91% | |||||||
| 2024 | -0.17% | 1.03% | 0.85% | 0.17% | -0.08% | -0.17% | 1.43% | -0.25% | 1.16% | -0.90% | 0.41% | 0.99% | 4.53% |
| 2023 | 0.61% | 0.26% | -0.87% | 0.61% | -0.09% | 1.14% | 0.52% | 0.34% | 0.51% | -0.60% | 0.17% | 1.19% | 3.86% |
| 2022 | 0.27% | -0.36% | 1.35% | 2.48% | -1.30% | 0.00% | 0.44% | 1.57% | 1.54% | 0.25% | -0.51% | -0.88% | 4.90% |
| 2021 | -0.27% | 1.83% | 0.99% | 1.60% | -0.09% | -0.35% | -0.97% | -0.09% | -0.09% | 1.69% | -1.14% | -0.90% | 2.19% |
| 2020 | 0.56% | -0.56% | -5.16% | 2.87% | 1.06% | 0.29% | 0.95% | 1.13% | 0.37% | -0.00% | 1.39% | 1.65% | 4.42% |
| 2019 | 2.03% | 1.04% | 1.12% | 1.02% | -0.46% | 0.83% | 0.82% | 0.78% | -0.27% | -1.08% | 0.09% | 0.60% | 6.67% |
| 2018 | 1.58% | -1.64% | -0.56% | 0.56% | 1.21% | -0.09% | 0.37% | 1.01% | -0.54% | -2.55% | -1.12% | -2.17% | -3.98% |
| 2017 | 0.77% | 0.58% | -0.29% | 0.29% | 0.48% | 0.28% | 0.57% | 0.00% | 0.28% | 0.94% | -0.09% | 0.37% | 4.25% |
| 2016 | -2.17% | -1.41% | 0.61% | 0.51% | 0.81% | -0.20% | 1.51% | 0.59% | 0.98% | -0.78% | 0.98% | 0.68% | 2.07% |
| 2015 | -1.02% | 2.44% | 0.28% | 0.91% | 1.09% | -0.89% | -0.45% | -1.91% | -3.42% | 0.29% | -0.57% | -2.36% | -5.62% |
| 2014 | -0.45% | 1.92% | -0.36% | -0.81% | 0.54% | 0.90% | -0.63% | 0.18% | -0.63% | -0.63% | 1.09% | -2.50% | -1.44% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 89, NABIX is among the top 11% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Neuberger Berman Absolute Return Multi-Manager Fund (NABIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Neuberger Berman Absolute Return Multi-Manager Fund provided a 101.69% dividend yield over the last twelve months, with an annual payout of $12.48 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $12.48 | $0.21 | $0.11 | $0.32 | $0.02 | $0.19 | $0.39 | $0.00 | $0.00 | $0.00 | $0.13 | $0.31 |
Dividend yield | 101.69% | 1.74% | 0.93% | 2.77% | 0.17% | 1.74% | 3.67% | 0.00% | 0.00% | 0.00% | 1.24% | 2.85% |
Monthly Dividends
The table displays the monthly dividend distributions for Neuberger Berman Absolute Return Multi-Manager Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $12.27 | $0.00 | $0.00 | $0.00 | $12.27 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.32 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.39 | $0.39 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.13 |
| 2014 | $0.31 | $0.31 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Neuberger Berman Absolute Return Multi-Manager Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Neuberger Berman Absolute Return Multi-Manager Fund was 12.82%, occurring on Feb 9, 2016. Recovery took 995 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.82% | Jun 4, 2015 | 173 | Feb 9, 2016 | 995 | Jan 23, 2020 | 1168 |
| -10.4% | Feb 21, 2020 | 24 | Mar 25, 2020 | 138 | Oct 9, 2020 | 162 |
| -4.62% | Jul 7, 2014 | 135 | Jan 15, 2015 | 92 | May 29, 2015 | 227 |
| -4.61% | Nov 17, 2021 | 47 | Jan 25, 2022 | 58 | Apr 19, 2022 | 105 |
| -3.27% | Apr 29, 2022 | 18 | May 24, 2022 | 59 | Aug 18, 2022 | 77 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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