NRABX Performance — Neuberger Berman Absolute Return Multi-Manager Fund, Class R6
Data updated: 2025-03-24
NRABX returned +6.56% over one year to Jan 2025. Annualised returns are +4.98% over 3 years and +4.28% over 5 years. Against its Long-Short Equity category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $116, against $114 for the category, and to $107 over one year, against $108. Volatility over the past three years was 3.02% a year. In the 12 months to Jan 2025 the fund lost a net $31.1M, and assets reached $78.78M.
NRABX Growth of $100
What $100 invested in Neuberger Berman Absolute Return Multi-Manager Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Short Equity category average over the same months.
| Period | NRABX | Category average |
|---|---|---|
| 1 year (Feb 2024 – Jan 2025) | $107 | $108 |
| 3 years (Feb 2022 – Jan 2025) | $116 | $114 |
| 5 years (Feb 2020 – Jan 2025) | $123 | $122 |
| Since data start (Aug 2019 – Jan 2025) | $124 | $124 |
NRABX Trailing Returns
Total returns to Jan 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +6.56% |
| 3 years (annualised) | +4.98% |
| 5 years (annualised) | +4.28% |
NRABX Annual Returns
Calendar-year total returns of Neuberger Berman Absolute Return Multi-Manager Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 (Jan–Jan) | +1.58% |
| 2024 | +4.63% |
| 2023 | +3.96% |
| 2022 | +4.99% |
| 2021 | +2.29% |
| 2020 | +4.53% |
| 2019 (Aug–Dec) | +0.16% |
NRABX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | +1.6% | — | — | — | — | — | — | — | — | — | — | — |
| 2024 | −0.3% | +1.1% | +0.8% | +0.2% | −0.1% | −0.2% | +1.5% | −0.3% | +1.2% | −0.9% | +0.4% | +1.0% |
| 2023 | +0.6% | +0.3% | −0.9% | +0.6% | −0.1% | +1.1% | +0.6% | +0.3% | +0.6% | −0.6% | +0.2% | +1.2% |
| 2022 | +0.3% | −0.4% | +1.3% | +2.6% | −1.4% | 0.0% | +0.5% | +1.6% | +1.5% | +0.3% | −0.5% | −0.9% |
| 2021 | −0.3% | +1.9% | +0.9% | +1.6% | −0.1% | −0.4% | −0.9% | −0.1% | −0.2% | +1.7% | −1.1% | −0.9% |
| 2020 | +0.6% | −0.6% | −5.2% | +2.9% | +1.1% | +0.3% | +1.0% | +1.1% | +0.4% | 0.0% | +1.4% | +1.7% |
| 2019 | — | — | — | — | — | — | — | +0.9% | −0.4% | −1.1% | +0.1% | +0.6% |
NRABX Risk
Risk measures from monthly returns over Feb 2022 – Jan 2025.
- 3-year volatility (annualised): 3.02%
- 3-year Sharpe ratio: 0.16 (vs 4.5% risk-free rate)
- Best month: +2.57% (Apr 2022)
- Worst month: −1.38% (May 2022)
NRABX Fund Flows
Monthly money in and out of Neuberger Berman Absolute Return Multi-Manager Fund, from SEC Form N-PORT.
- 12-month net flow: −$31.1M
- 12-month gross sales (incl. reinvestments): $16.0M
- Sales ÷ redemptions: 0.34×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jan 2025 | $981K | $15.1M | −$14.1M |
| Dec 2024 | $2.3M | $2.3M | −$8K |
| Nov 2024 | $2.8M | $1.4M | $1.4M |
| Oct 2024 | $490K | $1.8M | −$1.3M |
| Sep 2024 | $267K | $2.5M | −$2.2M |
| Aug 2024 | $2.4M | $1.6M | $752K |
| Jul 2024 | $1.1M | $1.6M | −$589K |
| Jun 2024 | $2.2M | $2.0M | $147K |
| May 2024 | $368K | $1.8M | −$1.5M |
| Apr 2024 | $1.0M | $6.6M | −$5.6M |
| Mar 2024 | $1.2M | $6.9M | −$5.6M |
| Feb 2024 | $880K | $3.3M | −$2.5M |
NRABX Assets Under Management
Net assets of Neuberger Berman Absolute Return Multi-Manager Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-01-31 | $78.78M |
| 2024-10-31 | $90.37M |
| 2024-07-31 | $93.17M |
| 2024-04-30 | $93.97M |
| 2024-01-31 | $105.56M |
| 2023-10-31 | $123.78M |
| 2023-07-31 | $122.23M |
| 2023-04-30 | $138.94M |
| 2023-01-31 | $144.41M |
| 2022-10-31 | $141.33M |
| 2022-07-31 | $75.52M |
| 2022-04-30 | $75.18M |
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.