Neuberger Berman Long Short Fund (NLSIX)
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.
Fund Info
| ISIN | US64128R6080 |
|---|---|
| CUSIP | 64128R608 |
| Issuer | Neuberger Berman |
| Inception Date | Dec 28, 2011 |
| Category | Long-Short |
| Min. Investment | $1,000,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
NLSIX has a high expense ratio of 1.28%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: NLSIX vs. CPLIX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Neuberger Berman Long Short 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 Long Short Fund had a return of 5.10% year-to-date (YTD) and 8.09% in the last 12 months. Over the past 10 years, Neuberger Berman Long Short Fund had an annualized return of 5.52%, while the S&P 500 had an annualized return of 10.92%, indicating that Neuberger Berman Long Short Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.10% | 17.95% |
| 1 month | 1.61% | 3.13% |
| 6 months | 3.79% | 9.95% |
| 1 year | 8.09% | 24.88% |
| 5 years (annualized) | 7.36% | 13.37% |
| 10 years (annualized) | 5.52% | 10.92% |
Monthly Returns
The table below presents the monthly returns of NLSIX, 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 | 1.43% | 0.56% | 0.06% | -1.52% | 0.91% | 1.53% | 0.28% | 1.83% | 5.10% | ||||
| 2023 | 1.80% | -1.07% | 3.51% | 0.74% | 1.10% | 1.33% | 0.90% | 1.06% | -2.05% | 0.60% | 3.15% | 1.49% | 13.14% |
| 2022 | -1.56% | -2.27% | 0.99% | -2.53% | -0.71% | -1.66% | 3.63% | -1.46% | -4.20% | 1.61% | 2.98% | -1.57% | -6.85% |
| 2021 | -2.23% | 0.49% | 3.06% | 2.85% | -0.69% | 2.10% | 1.14% | 1.52% | -1.83% | 3.00% | -2.80% | 2.30% | 9.01% |
| 2020 | 1.63% | -1.87% | -5.38% | 4.97% | 3.09% | 1.33% | 2.03% | 4.83% | -0.74% | -1.05% | 4.31% | 1.67% | 15.27% |
| 2019 | 4.12% | 1.42% | 1.62% | 3.40% | -2.03% | 2.72% | 1.18% | 0.69% | -0.41% | 0.62% | 1.23% | 1.50% | 17.11% |
| 2018 | 2.12% | -2.34% | -0.62% | 0.14% | 0.41% | 0.62% | 2.31% | 0.73% | 0.33% | -4.28% | -0.14% | -6.09% | -6.92% |
| 2017 | 1.86% | 1.75% | 0.15% | 2.09% | 0.80% | 1.16% | 0.93% | -0.14% | 0.78% | 0.21% | 2.04% | 1.03% | 13.39% |
| 2016 | -3.05% | 0.33% | 4.46% | 0.16% | 0.95% | -0.70% | 1.26% | -0.70% | 0.39% | -0.70% | 0.78% | 0.62% | 3.69% |
| 2015 | -1.23% | 2.42% | 0.61% | -0.08% | -0.30% | -0.61% | -0.31% | -2.46% | -2.68% | 3.15% | -1.18% | -1.18% | -3.92% |
| 2014 | -2.04% | 2.01% | -0.24% | 0.00% | 1.26% | 0.93% | -1.00% | 2.26% | -1.68% | 0.93% | 1.08% | -0.89% | 2.54% |
| 2013 | 2.42% | 0.61% | 1.91% | 0.94% | 0.76% | -0.92% | 2.03% | -0.83% | 2.51% | 1.88% | 1.04% | 1.36% | 14.52% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of NLSIX is 57, 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 Long Short Fund (NLSIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Neuberger Berman Long Short Fund granted a 0.96% dividend yield in the last twelve months. The annual payout for that period amounted to $0.18 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.18 | $0.18 | $1.09 | $0.20 | $0.36 | $0.35 | $0.76 | $0.00 | $0.00 | $0.00 | $0.07 | $0.06 |
Dividend yield | 0.96% | 1.01% | 7.01% | 1.13% | 2.15% | 2.39% | 5.91% | 0.00% | 0.00% | 0.01% | 0.56% | 0.47% |
Monthly Dividends
The table displays the monthly dividend distributions for Neuberger Berman Long Short 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 | $0.18 | $0.18 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.09 | $1.09 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.36 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.35 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.76 | $0.76 |
| 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 | $0.00 | $0.00 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 |
| 2013 | $0.06 | $0.06 |
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 Long Short 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 Long Short Fund was 14.75%, occurring on Mar 23, 2020. Recovery took 72 trading sessions.
The current Neuberger Berman Long Short Fund drawdown is 0.05%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.75% | Feb 18, 2020 | 25 | Mar 23, 2020 | 72 | Jul 6, 2020 | 97 |
| -13% | Sep 24, 2018 | 64 | Dec 24, 2018 | 129 | Jul 1, 2019 | 193 |
| -12.14% | Apr 27, 2015 | 199 | Feb 8, 2016 | 258 | Feb 15, 2017 | 457 |
| -10.79% | Nov 10, 2021 | 234 | Oct 14, 2022 | 189 | Jul 19, 2023 | 423 |
| -5.4% | Sep 8, 2014 | 28 | Oct 15, 2014 | 31 | Nov 28, 2014 | 59 |
Volatility
Volatility Chart
The current Neuberger Berman Long Short Fund volatility is 1.58%, 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.