Neuberger Berman MLP (NML) Alternatives

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 funds that fit a different role in your portfolio.

Cheapest Alternatives to NML

NML charges 2.72% annually. Among mutual funds in the MLPs category, these options have the lowest expense ratios among NML alternatives.

Symbol	Name	Expense Ratio	Inception
MLPAX	Invesco SteelPath MLP Alpha Fund Class A	1.54%	Mar 31, 2010	NML vs MLPAX
HMSFX	Hennessy Midstream Fund Investor Class	1.75%	Dec 31, 2013	NML vs HMSFX
TYG	Tortoise Energy Infrastructure Closed Fund	2.90%	—	NML vs TYG
MLPDX	Invesco SteelPath MLP Income Fund Class A	9.02%	Mar 31, 2010	NML vs MLPDX
MLPFX	Invesco SteelPath MLP Select 40 Fund Class A	10.29%	Mar 31, 2010	NML vs MLPFX

Best Risk-Adjusted Alternatives to NML

Among mutual funds in the MLPs category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
TYG	Tortoise Energy Infrastructure Closed Fund	72	—	NML vs TYG
MLPFX	Invesco SteelPath MLP Select 40 Fund Class A	54	Mar 31, 2010	NML vs MLPFX
EMO	ClearBridge Energy Midstream Opportunity Fund	42	Jun 10, 2011	NML vs EMO
MLPDX	Invesco SteelPath MLP Income Fund Class A	40	Mar 31, 2010	NML vs MLPDX
MLPAX	Invesco SteelPath MLP Alpha Fund Class A	34	Mar 31, 2010	NML vs MLPAX

Top Performing NML Alternatives (YTD)

NML alternatives from the MLPs category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
TYG	Tortoise Energy Infrastructure Closed Fund	25.59%	—	NML vs TYG
MLPLX	Invesco SteelPath MLP Alpha Plus Fund Class A	24.85%	Feb 6, 2012	NML vs MLPLX
EMO	ClearBridge Energy Midstream Opportunity Fund	20.88%	Jun 10, 2011	NML vs EMO
MLPFX	Invesco SteelPath MLP Select 40 Fund Class A	20.14%	Mar 31, 2010	NML vs MLPFX
HMSFX	Hennessy Midstream Fund Investor Class	17.51%	Dec 31, 2013	NML vs HMSFX

Lowest Volatility Alternatives to NML

NML alternatives from the MLPs category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
MLPDX	Invesco SteelPath MLP Income Fund Class A	16.15%	Mar 31, 2010	NML vs MLPDX
MLPAX	Invesco SteelPath MLP Alpha Fund Class A	16.71%	Mar 31, 2010	NML vs MLPAX
MLPFX	Invesco SteelPath MLP Select 40 Fund Class A	16.92%	Mar 31, 2010	NML vs MLPFX
HMSFX	Hennessy Midstream Fund Investor Class	19.31%	Dec 31, 2013	NML vs HMSFX
EMO	ClearBridge Energy Midstream Opportunity Fund	21.39%	Jun 10, 2011	NML vs EMO

Lowest Drawdown Alternatives to NML

NML alternatives from the MLPs category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
MLPDX	Invesco SteelPath MLP Income Fund Class A	-14.45%	Mar 31, 2010	NML vs MLPDX
MLPFX	Invesco SteelPath MLP Select 40 Fund Class A	-14.55%	Mar 31, 2010	NML vs MLPFX
MLPAX	Invesco SteelPath MLP Alpha Fund Class A	-14.80%	Mar 31, 2010	NML vs MLPAX
HMSFX	Hennessy Midstream Fund Investor Class	-15.26%	Dec 31, 2013	NML vs HMSFX
MLPLX	Invesco SteelPath MLP Alpha Plus Fund Class A	-18.61%	Feb 6, 2012	NML vs MLPLX

Other Mutual Funds from Neuberger Berman

Most popular Neuberger Berman mutual funds on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
NLSIX	Neuberger Berman Long Short Fund	Long-Short	22	-3.63%	Dec 28, 2011	NML vs NLSIX
NBGNX	Neuberger Berman Genesis Fund	Small Cap Growth Equities	7	-1.46%	Sep 27, 1988	NML vs NBGNX
NGUAX	Neuberger Berman Guardian Fund	Large Cap Growth Equities	21	-11.52%	Jun 1, 1950	NML vs NGUAX
NPRTX	Neuberger Berman Large Cap Value Fund	Large Cap Value Equities	82	4.11%	Jan 20, 1975	NML vs NPRTX
NMANX	Neuberger Berman Mid Cap Growth Fund	Mid Cap Growth Equities	10	-9.00%	Mar 1, 1979	NML vs NMANX
NSTLX	Neuberger Berman Strategic Income Fund	Multisector Bonds	81	-1.42%	Jul 10, 2003	NML vs NSTLX
NBSRX	Neuberger Berman Sustainable Equity Fund	Large Cap Blend Equities	40	-6.55%	Mar 16, 1994	NML vs NBSRX
NBGIX	Neuberger Berman Genesis Fund Institutional Class	Small Cap Growth Equities	7	-1.41%	Jul 1, 1999	NML vs NBGIX
NINLX	Neuberger Berman Intrinsic Value Fund	Small Cap Blend Equities	68	-0.86%	May 10, 2010	NML vs NINLX
NMULX	Neuberger Berman Multi-Cap Opportunities Fund	Large Cap Blend Equities	28	-6.40%	Nov 2, 2006	NML vs NMULX

Often Compared With NML

What investors most often compare with NML, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
NXG	NXG NextGen Infrastructure Income Fund	Global Equity Income	73	12.14%	Sep 28, 2012	NML vs NXG
AMLP	Alerian MLP ETF	MLPs	32	14.20%	Aug 23, 2010	NML vs AMLP
BKGI	Bny Mellon Global Infrastructure Income ETF	Energy Equities	94	10.41%	Nov 2, 2022	NML vs BKGI
SRV	NXG Cushing® Midstream Energy Fund	Global Equity Income, Oil & Gas	45	17.58%	Aug 24, 2007	NML vs SRV
MLPA	Global X MLP ETF	MLPs	30	13.45%	Apr 18, 2012	NML vs MLPA
FLXR	TCW Flexible Income ETF	Multisector Bonds	96	0.17%	Nov 30, 2018	NML vs FLXR
MLPX	Global X MLP & Energy Infrastructure ETF	MLPs	62	23.52%	Aug 7, 2013	NML vs MLPX
BGR	BlackRock Energy and Resources Trust		85	30.31%	—	NML vs BGR
QQQ	Invesco QQQ ETF	Large Cap Growth Equities	69	-5.93%	Mar 10, 1999	NML vs QQQ
NBSSX	Neuberger Berman Focus Fund	Global Equities	23	-11.03%	Oct 18, 1955	NML vs NBSSX
NMUIX	Neuberger Berman Municipal Intermediate Bond Fund	Municipal Bonds	71	-0.34%	Jul 8, 1987	NML vs NMUIX
BMEAX	BlackRock High Equity Income Fund Class A	Derivative Income	23	-5.21%	May 1, 1998	NML vs BMEAX
SPY	State Street SPDR S&P 500 ETF	S&P 500	64	-4.37%	Jan 22, 1993	NML vs SPY
NBIIX	Neuberger Berman International Equity Fund	Foreign Large Cap Equities	4	-6.74%	Jun 16, 2005	NML vs NBIIX
MPLX	MPLX LP		66	9.03%	—	NML vs MPLX
NHS	Neuberger Berman High Yield Strategies Fund	High Yield Bonds	4	-9.61%	Jul 28, 2003	NML vs NHS
NBMIX	Neuberger Berman Small Cap Growth Fund	Small Cap Growth Equities	28	-7.63%	Oct 20, 1998	NML vs NBMIX
NCRLX	Neuberger Berman Core Bond Fund	Intermediate Core Bond	57	-0.49%	Sep 29, 1995	NML vs NCRLX
NEMIX	Neuberger Berman Emerging Markets Equity Fund	Emerging Markets Diversified	90	0.94%	Oct 7, 2008	NML vs NEMIX
NFIAX	Neuberger Berman Floating Rate Income Fund	Bank Loan	92	-0.83%	Dec 28, 2009	NML vs NFIAX

Compare NML with Any Fund or Stock

Compare NML with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Neuberger Berman MLP

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