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
| ISIN | US64128R8557 |
|---|---|
| CUSIP | 64128R855 |
| Issuer | Neuberger Berman |
| Inception Date | May 14, 2012 |
| Category | Multistrategy |
| Min. Investment | $1,000,000 |
| Asset Class | Alternatives |
Expense Ratio
NABIX has a high expense ratio of 1.98%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Neuberger Berman Absolute Return Multi-Manager Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Neuberger Berman Absolute Return Multi-Manager Fund had a return of 2.73% year-to-date (YTD) and 3.51% in the last 12 months. Over the past 10 years, Neuberger Berman Absolute Return Multi-Manager Fund had an annualized return of 2.11%, while the S&P 500 had an annualized return of 10.88%, indicating that Neuberger Berman Absolute Return Multi-Manager Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.73% | 18.13% |
| 1 month | 0.50% | 1.45% |
| 6 months | 1.69% | 8.81% |
| 1 year | 3.51% | 26.52% |
| 5 years (annualized) | 3.58% | 13.43% |
| 10 years (annualized) | 2.11% | 10.88% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.17% | 1.03% | 0.85% | 0.17% | -0.08% | -0.17% | 1.43% | -0.25% | 2.73% | ||||
| 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% | 4.89% |
| 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% | 2.18% |
| 2020 | 0.56% | -0.56% | -5.16% | 2.87% | 1.06% | 0.29% | 0.95% | 1.13% | 0.37% | 0.00% | 1.39% | 1.66% | 4.42% |
| 2019 | 2.03% | 1.04% | 1.12% | 1.02% | -0.46% | 0.83% | 0.82% | 0.77% | -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% | 1.00% | -0.54% | -2.55% | -1.12% | -2.17% | -3.98% |
| 2017 | 0.77% | 0.57% | -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% | 0.27% | 0.91% | 1.09% | -0.90% | -0.45% | -1.91% | -3.42% | 0.29% | -0.57% | -1.38% | -4.68% |
| 2014 | -0.45% | 1.92% | -0.36% | -0.81% | 0.54% | 0.90% | -0.63% | 0.18% | -0.63% | -0.63% | 1.09% | -0.37% | 0.71% |
| 2013 | 1.49% | 0.20% | 1.46% | 0.38% | 1.24% | -0.47% | 1.81% | -0.09% | 1.12% | 0.37% | 1.29% | 0.66% | 9.85% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of NABIX is 28, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
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.
Dividends
Dividend History
Neuberger Berman Absolute Return Multi-Manager Fund granted a 0.91% dividend yield in the last twelve months. The annual payout for that period amounted to $0.11 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.11 | $0.11 | $0.31 | $0.02 | $0.19 | $0.39 | $0.00 | $0.00 | $0.00 | $0.13 | $0.31 | $0.07 |
Dividend yield | 0.91% | 0.93% | 2.76% | 0.17% | 1.74% | 3.66% | 0.00% | 0.00% | 0.00% | 1.24% | 2.85% | 0.66% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||
| 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 | $0.31 | $0.31 |
| 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.31 |
| 2013 | $0.07 | $0.07 |
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.
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 11.96%, occurring on Feb 9, 2016. Recovery took 631 trading sessions.
The current Neuberger Berman Absolute Return Multi-Manager Fund drawdown is 0.33%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -11.96% | Jun 4, 2015 | 173 | Feb 9, 2016 | 631 | Aug 10, 2018 | 804 |
| -10.4% | Feb 21, 2020 | 24 | Mar 25, 2020 | 138 | Oct 9, 2020 | 162 |
| -7.32% | Aug 15, 2018 | 91 | Dec 24, 2018 | 156 | Aug 8, 2019 | 247 |
| -4.61% | Nov 17, 2021 | 47 | Jan 25, 2022 | 58 | Apr 19, 2022 | 105 |
| -4.27% | Jul 7, 2014 | 72 | Oct 15, 2014 | 101 | Mar 12, 2015 | 173 |
Volatility
Volatility Chart
The current Neuberger Berman Absolute Return Multi-Manager Fund volatility is 1.03%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.