Neuberger Berman U.S. Equity Index PutWrite Strategy Fund (NUPIX)
The investment seeks long-term growth of capital and income generation. The fund seeks to achieve its goal primarily through a strategy of writing collateralized put options on both U.S. indices, including the S&P 500 Index and other indices in the S&P 500 suite of indices, and exchange traded funds. The advisor attempts to generate returns through the receipt of option premiums from selling puts, as well as through investments in fixed income instruments, which collectively are intended to reduce volatility relative to what it would be if the fund held the underlying equity index on which the options are written.
Fund Info
| ISIN | US64128R5660 |
|---|---|
| CUSIP | 64128R566 |
| Issuer | Neuberger Berman |
| Inception Date | Sep 15, 2016 |
| Category | Options Trading |
| Min. Investment | $1,000,000 |
| Asset Class | Alternatives |
Expense Ratio
NUPIX features an expense ratio of 0.65%, falling within the medium range.
Share Price Chart
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Popular comparisons: NUPIX vs. PPFIX, NUPIX vs. QYLD, NUPIX vs. DIVO, NUPIX vs. VOO, NUPIX vs. PUTW, NUPIX vs. FFRHX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Neuberger Berman U.S. Equity Index PutWrite Strategy 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
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | N/A | 18.10% |
| 1 month | N/A | 1.42% |
| 6 months | N/A | 9.39% |
| 1 year | N/A | 26.58% |
| 5 years (annualized) | N/A | 13.42% |
| 10 years (annualized) | N/A | 10.88% |
Monthly Returns
The table below presents the monthly returns of NUPIX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 3.29% | -1.06% | 2.93% | 1.92% | 1.51% | 2.52% | 1.57% | -0.63% | -2.39% | -0.38% | 3.44% | 1.86% | 15.37% |
| 2022 | -3.83% | -1.50% | 2.51% | -5.36% | -0.19% | -4.57% | 4.74% | -3.11% | -6.11% | 4.61% | 3.71% | -1.76% | -11.11% |
| 2021 | -0.17% | 2.44% | 3.67% | 2.14% | 1.55% | 1.69% | 0.83% | 1.79% | -1.98% | 3.28% | -1.01% | 2.95% | 18.40% |
| 2020 | 0.00% | -6.83% | -9.48% | 6.86% | 3.81% | 1.76% | 3.81% | 2.75% | -1.08% | -1.00% | 6.40% | 2.50% | 8.46% |
| 2019 | 3.95% | 1.62% | 1.24% | 1.86% | -3.37% | 3.75% | 1.00% | -0.81% | 1.41% | 1.71% | 1.51% | 1.38% | 16.13% |
| 2018 | 0.92% | -3.28% | -1.19% | 0.86% | 1.89% | 0.34% | 1.94% | 1.54% | 0.58% | -5.00% | 1.78% | -5.99% | -5.87% |
| 2017 | 1.64% | 1.33% | 0.63% | 1.12% | 0.83% | 0.57% | 1.36% | 0.27% | 0.93% | 0.62% | 0.97% | 0.50% | 11.32% |
| 2016 | 1.20% | -0.20% | 2.08% | 0.86% | 3.98% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Neuberger Berman U.S. Equity Index PutWrite Strategy Fund (NUPIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Neuberger Berman U.S. Equity Index PutWrite Strategy Fund granted a 2.34% dividend yield in the last twelve months. The annual payout for that period amounted to $0.60 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.60 | $1.35 | $0.94 | $5.28 | $0.28 | $1.41 | $0.31 | $1.47 | $0.09 |
Dividend yield | 2.34% | 12.31% | 9.33% | 44.89% | 2.37% | 12.62% | 3.10% | 13.52% | 0.85% |
Monthly Dividends
The table displays the monthly dividend distributions for Neuberger Berman U.S. Equity Index PutWrite Strategy 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 | |||||||||||
| 2023 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.16 | $1.35 |
| 2022 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.29 | $0.94 |
| 2021 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.26 | $5.28 |
| 2020 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.02 | $0.28 |
| 2019 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $1.09 | $1.41 |
| 2018 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.16 | $0.31 |
| 2017 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $1.40 | $1.47 |
| 2016 | $0.09 | $0.09 |
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 U.S. Equity Index PutWrite Strategy 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 U.S. Equity Index PutWrite Strategy Fund was 25.13%, occurring on Mar 23, 2020. Recovery took 141 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -25.13% | Feb 20, 2020 | 23 | Mar 23, 2020 | 141 | Oct 12, 2020 | 164 |
| -16.73% | Jan 5, 2022 | 186 | Sep 30, 2022 | 198 | Jul 18, 2023 | 384 |
| -13.62% | Sep 21, 2018 | 65 | Dec 24, 2018 | 135 | Jul 10, 2019 | 200 |
| -6.7% | Jan 29, 2018 | 9 | Feb 8, 2018 | 115 | Jul 25, 2018 | 124 |
| -4.58% | Aug 1, 2023 | 63 | Oct 27, 2023 | 24 | Dec 1, 2023 | 87 |
Volatility
Volatility Chart
The current Neuberger Berman U.S. Equity Index PutWrite Strategy Fund volatility is 1.21%, 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.