NMULX Performance — Neuberger Berman Multi-Cap Opportunities Fund, Institutional Class
Data updated: 2026-07-27
NMULX returned +5.81% year to date and +19.06% over one year to May 2026. Annualised returns are +18.02% over 3 years and +9.94% over 5 years. The fund trailed its US Large Blend category average: $100 invested three years ago grew to $164, against $165 for the category, and to $119 over one year, against $122. Volatility over the past three years was 12.65% a year. In the 12 months to May 2026 the fund lost a net $28.0M, and assets reached $251.48M.
NMULX Growth of $100
What $100 invested in Neuberger Berman Multi-Cap Opportunities 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 | NMULX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $119 | $122 |
| 3 years (Jun 2023 – May 2026) | $164 | $165 |
| 5 years (Jun 2021 – May 2026) | $161 | $164 |
| Since data start (Sep 2019 – May 2026) | $225 | $229 |
NMULX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +5.81% |
| 1 year | +19.06% |
| 3 years (annualised) | +18.02% |
| 5 years (annualised) | +9.94% |
NMULX Annual Returns
Calendar-year total returns of Neuberger Berman Multi-Cap Opportunities Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +5.81% |
| 2025 | +14.82% |
| 2024 | +20.54% |
| 2023 | +18.41% |
| 2022 | −17.13% |
| 2021 | +26.67% |
| 2020 | +12.67% |
| 2019 (Sep–Dec) | +9.53% |
NMULX 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 | +1.2% | −0.1% | −5.1% | +8.3% | +1.8% | — | — | — | — | — | — | — |
| 2025 | +3.5% | −1.9% | −3.9% | −0.6% | +5.2% | +3.8% | +2.9% | +1.1% | +2.5% | +0.4% | +1.9% | −0.5% |
| 2024 | +1.4% | +4.5% | +3.7% | −3.9% | +3.9% | +0.9% | +4.5% | +2.3% | +2.7% | −1.7% | +6.5% | −5.3% |
| 2023 | +5.7% | −3.8% | +2.9% | +1.9% | −1.0% | +6.7% | +1.9% | −2.7% | −4.7% | −2.2% | +8.5% | +4.8% |
| 2022 | −5.4% | −1.7% | +1.7% | −9.3% | −1.4% | −8.6% | +9.4% | −3.1% | −9.6% | +9.6% | +7.3% | −5.0% |
| 2021 | −1.9% | +4.2% | +4.6% | +5.0% | +0.9% | +1.0% | +2.2% | +4.0% | −5.2% | +6.4% | −2.1% | +5.5% |
| 2020 | +0.2% | −8.7% | −18.0% | +12.7% | +4.1% | +1.2% | +5.3% | +7.2% | −3.2% | −1.3% | +12.8% | +3.8% |
| 2019 | — | — | — | — | — | — | — | — | +2.6% | +0.9% | +3.3% | +2.4% |
NMULX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 12.65%
- 3-year Sharpe ratio: 1.07 (vs 4.5% risk-free rate)
- Best month: +8.54% (Nov 2023)
- Worst month: −5.29% (Dec 2024)
NMULX Fund Flows
Monthly money in and out of Neuberger Berman Multi-Cap Opportunities Fund, from SEC Form N-PORT.
- 12-month net flow: −$28.0M
- 12-month gross sales (incl. reinvestments): $69.9M
- Sales ÷ redemptions: 0.71×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $13.0M | $16.9M | −$3.8M |
| Apr 2026 | $771K | $5.5M | −$4.7M |
| Mar 2026 | $13.1M | $16.0M | −$2.9M |
| Feb 2026 | $1.3M | $3.0M | −$1.6M |
| Jan 2026 | $7.1M | $6.5M | $637K |
| Dec 2025 | $3.9M | $3.6M | $372K |
| Nov 2025 | $13.2M | $16.5M | −$3.3M |
| Oct 2025 | $734K | $3.8M | −$3.0M |
| Sep 2025 | $811K | $3.6M | −$2.8M |
| Aug 2025 | $1.5M | $2.7M | −$1.2M |
| Jul 2025 | $13.0M | $16.1M | −$3.1M |
| Jun 2025 | $1.3M | $3.8M | −$2.5M |
NMULX Assets Under Management
Net assets of Neuberger Berman Multi-Cap Opportunities Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $251.48M |
| 2026-02-28 | $251.49M |
| 2025-11-30 | $252.64M |
| 2025-08-31 | $250.02M |
| 2025-05-31 | $237.76M |
| 2025-02-28 | $245.09M |
| 2024-11-30 | $264.79M |
| 2024-08-31 | $252.23M |
| 2024-05-31 | $249.84M |
| 2024-02-29 | $247.91M |
| 2023-11-30 | $236.74M |
| 2023-08-31 | $253.51M |
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.