Neuberger Berman MLP (NML) belongs to the MLPs category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with NML. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NML
NML charges 2.72% annually. There are 3 mutual funds in the MLPs category with lower expense ratios, going as low as 1.11%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Goldman Sachs Energy Infrastructure Fund Class P | 1.11% | — | Apr 2018 | NML vs GAMPX | |
| Invesco SteelPath MLP Alpha Fund Class A | 1.54% | — | Mar 2010 | NML vs MLPAX | |
| Hennessy Midstream Fund Investor Class | 1.75% | — | Dec 2013 | NML vs HMSFX | |
| Tortoise Energy Infrastructure Closed Fund | 2.90% | — | — | NML vs TYG | |
| ClearBridge Energy Midstream Opportunity Fund Inc. | 3.22% | — | Jun 2011 | NML vs EMO |
Best Risk-Adjusted Alternatives to NML
NML has a PortfoliosLab risk / return rank of 71. There are 5 mutual funds in the MLPs category with higher risk-adjusted ranks, going as high as 86.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco SteelPath MLP Select 40 Fund Class A | 86 | — | Mar 2010 | NML vs MLPFX | |
| Invesco SteelPath MLP Income Fund Class A | 83 | — | Mar 2010 | NML vs MLPDX | |
| Goldman Sachs Energy Infrastructure Fund Class P | 82 | — | Apr 2018 | NML vs GAMPX | |
| Invesco SteelPath MLP Alpha Fund Class A | 81 | — | Mar 2010 | NML vs MLPAX | |
| Invesco SteelPath MLP Alpha Plus Fund Class A | 77 | — | Feb 2012 | NML vs MLPLX |
Top Performing NML Alternatives (YTD)
NML is at 28.84% YTD. There is 1 mutual fund in the MLPs category with a higher YTD return, going as high as 30.97%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco SteelPath MLP Alpha Plus Fund Class A | 30.97% | — | Feb 2012 | NML vs MLPLX | |
| Goldman Sachs Energy Infrastructure Fund Class P | 26.40% | — | Apr 2018 | NML vs GAMPX | |
| Invesco SteelPath MLP Select 40 Fund Class A | 25.13% | — | Mar 2010 | NML vs MLPFX | |
| Invesco SteelPath MLP Income Fund Class A | 23.53% | — | Mar 2010 | NML vs MLPDX | |
| Invesco SteelPath MLP Alpha Fund Class A | 21.63% | — | Mar 2010 | NML vs MLPAX |
Lowest Volatility Alternatives to NML
NML has 18.33% 1-year volatility. There are 7 mutual funds in the MLPs category with lower 1-year volatility, going as low as 11.71%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco SteelPath MLP Alpha Fund Class A | 11.71% | — | Mar 2010 | NML vs MLPAX | |
| Invesco SteelPath MLP Income Fund Class A | 12.38% | — | Mar 2010 | NML vs MLPDX | |
| Invesco SteelPath MLP Select 40 Fund Class A | 13.08% | — | Mar 2010 | NML vs MLPFX | |
| Goldman Sachs Energy Infrastructure Fund Class P | 14.88% | — | Apr 2018 | NML vs GAMPX | |
| Hennessy Midstream Fund Investor Class | 15.20% | — | Dec 2013 | NML vs HMSFX |
Lowest Drawdown Alternatives to NML
NML has a 1-year max drawdown of -9.57%. There are 6 mutual funds in the MLPs category with shallower 1-year drawdowns, going as shallow as -5.92%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco SteelPath MLP Alpha Fund Class A | -5.92% | — | Mar 2010 | NML vs MLPAX | |
| Hennessy Midstream Fund Investor Class | -6.91% | — | Dec 2013 | NML vs HMSFX | |
| Goldman Sachs Energy Infrastructure Fund Class P | -7.23% | — | Apr 2018 | NML vs GAMPX | |
| Invesco SteelPath MLP Select 40 Fund Class A | -7.40% | — | Mar 2010 | NML vs MLPFX | |
| Invesco SteelPath MLP Income Fund Class A | -7.51% | — | Mar 2010 | NML vs MLPDX |
Other Mutual Funds from Neuberger Berman
The 10 most viewed Neuberger Berman mutual funds shown here include NBGNX, NLSIX, NSTLX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Neuberger Berman Genesis Fund | Small Cap Growth Equities | 17 | 12.58% | — | Sep 1988 | NML vs NBGNX | |
| Neuberger Berman Long Short Fund | Long-Short | 12 | 0.35% | — | Dec 2011 | NML vs NLSIX | |
| Neuberger Berman Strategic Income Fund | Multisector Bonds | 37 | -0.16% | — | Jul 2003 | NML vs NSTLX | |
| Neuberger Berman Guardian Fund | Large Cap Growth Equities | 12 | 2.19% | — | Jun 1950 | NML vs NGUAX | |
| Neuberger Berman Large Cap Value Fund | Large Cap Value Equities | 96 | 20.16% | — | Jan 1975 | NML vs NPRTX | |
| Neuberger Berman Next Generation Connectivity Fund | Technology Equities | 11 | 8.28% | — | May 2021 | NML vs NBXG | |
| Neuberger Berman Mid Cap Growth Fund | Mid Cap Growth Equities | 3 | 2.39% | — | Mar 1979 | NML vs NMANX | |
| Neuberger Berman Intrinsic Value Fund | Small Cap Blend Equities | 84 | 19.29% | — | May 2010 | NML vs NINLX | |
| Neuberger Berman Sustainable Equity Fund | Large Cap Blend Equities | 65 | 11.52% | — | Mar 1994 | NML vs NBSRX | |
| Neuberger Berman Genesis Fund Institutional Class | Small Cap Growth Equities | 17 | 12.69% | — | Jul 1999 | NML vs NBGIX |
Often Compared With NML
Investors most often compare NML with NXG, AMLP, BKGI. These 20 comparison targets span 15 categories, based on PortfoliosLab usage data.
Compare NML with Any Fund or Stock
Compare NML with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NML with funds that move differently
Neuberger Berman MLP alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NML.
Explore NML Diversifiers