NLSIX Performance — Neuberger Berman Long Short Fund, Institutional Class
Data updated: 2026-09-28
NLSIX returned +1.49% year to date and +3.29% over one year to Jul 2026. Annualised returns are +6.82% over 3 years and +4.69% over 5 years. The fund trailed its US Large Blend category average: $100 invested three years ago grew to $122, against $153 for the category, and to $103 over one year, against $116. Volatility over the past three years was 4.96% a year. In the 12 months to Jul 2026 the fund lost a net $459.6M, and assets reached $7.34B.
NLSIX Growth of $100
What $100 invested in Neuberger Berman Long Short Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Blend category average over the same months.
| Period | NLSIX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $103 | $116 |
| 3 years (Aug 2023 – Jul 2026) | $122 | $153 |
| 5 years (Aug 2021 – Jul 2026) | $126 | $159 |
| Since data start (Aug 2019 – Jul 2026) | $161 | $226 |
NLSIX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.49% |
| 1 year | +3.29% |
| 3 years (annualised) | +6.82% |
| 5 years (annualised) | +4.69% |
NLSIX Annual Returns
Calendar-year total returns of Neuberger Berman Long Short Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +1.49% |
| 2025 | +7.21% |
| 2024 | +7.47% |
| 2023 | +13.14% |
| 2022 | −6.86% |
| 2021 | +9.00% |
| 2020 | +15.29% |
| 2019 (Aug–Dec) | +3.67% |
NLSIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −0.2% | −0.6% | −1.6% | +4.1% | +1.1% | −1.3% | +0.1% | — | — | — | — | — |
| 2025 | +2.8% | −0.4% | −2.5% | +1.2% | +2.2% | +0.7% | +1.3% | +0.9% | +0.4% | +1.1% | +0.1% | −0.8% |
| 2024 | +1.4% | +0.6% | +0.1% | −1.5% | +1.4% | +1.1% | +0.3% | +1.8% | +0.5% | −0.4% | +2.3% | −0.2% |
| 2023 | +1.8% | −1.1% | +3.5% | +0.7% | +1.1% | +1.3% | +0.9% | +1.1% | −2.1% | +0.6% | +3.1% | +1.5% |
| 2022 | −1.6% | −2.3% | +1.0% | −2.5% | −0.7% | −1.7% | +3.6% | −1.5% | −4.2% | +1.6% | +3.0% | −1.6% |
| 2021 | −2.2% | +0.5% | +3.1% | +2.9% | −0.7% | +2.1% | +1.1% | +1.5% | −1.8% | +3.0% | −2.8% | +2.3% |
| 2020 | +1.6% | −1.9% | −5.4% | +5.0% | +3.1% | +1.3% | +2.0% | +4.8% | −0.7% | −1.1% | +4.3% | +1.7% |
| 2019 | — | — | — | — | — | — | — | +0.7% | −0.4% | +0.6% | +1.2% | +1.5% |
NLSIX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 4.96%
- 3-year Sharpe ratio: 0.47 (vs 4.5% risk-free rate)
- Best month: +4.08% (Apr 2026)
- Worst month: −2.50% (Mar 2025)
NLSIX Fund Flows
Monthly money in and out of Neuberger Berman Long Short Fund, from SEC Form N-PORT.
- 12-month net flow: −$459.6M
- 12-month gross sales (incl. reinvestments): $2.2B
- Sales ÷ redemptions: 0.82×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $94.8M | $416.4M | −$321.6M |
| Jun 2026 | $125.6M | $114.9M | $10.8M |
| May 2026 | $108.0M | $703.6M | −$595.6M |
| Apr 2026 | $103.1M | $152.8M | −$49.8M |
| Mar 2026 | $114.4M | $188.5M | −$74.1M |
| Feb 2026 | $262.9M | $170.7M | $92.3M |
| Jan 2026 | $336.5M | $150.0M | $186.5M |
| Dec 2025 | $114.2M | $125.1M | −$10.9M |
| Nov 2025 | $90.7M | $152.1M | −$61.4M |
| Oct 2025 | $325.7M | $122.2M | $203.5M |
| Sep 2025 | $362.0M | $93.3M | $268.7M |
| Aug 2025 | $117.2M | $225.2M | −$108.0M |
NLSIX Assets Under Management
Net assets of Neuberger Berman Long Short Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $7.34B |
| 2026-04-30 | $8.25B |
| 2026-01-31 | $8.14B |
| 2025-10-31 | $8.10B |
| 2025-07-31 | $7.55B |
| 2025-04-30 | $7.24B |
| 2025-01-31 | $7.39B |
| 2024-10-31 | $6.92B |
| 2024-07-31 | $7.02B |
| 2024-04-30 | $6.77B |
| 2024-01-31 | $6.58B |
| 2023-10-31 | $6.12B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.