About NMULX
The Neuberger Berman Multi-Cap Opportunities Fund is an actively managed mutual fund that aims to achieve long-term total return by investing in a concentrated portfolio of common stocks. This fund utilizes a flexible, multi-cap approach, allowing investment across the entire market capitalization spectrum and various sectors, without a bias toward growth or value styles. The strategy is distinct for its disciplined, bottom-up fundamental analysis, focusing on free cash flow and capital structure as primary criteria for security selection. The portfolio typically holds between 30 and 40 high-conviction positions, divided into three categories: Classic (established, stable companies), Special Situations (firms undergoing restructurings, spin-offs, or activism), and Opportunistic (misunderstood or underfollowed stocks). This diversified yet focused framework enables the fund to pursue attractive opportunities regardless of prevailing market trends. With its high active share, the fund distinguishes itself from benchmark indices, aiming to deliver differentiated performance within the large blend category. The fund’s investor base primarily includes institutions and sophisticated investors seeking an active, research-driven equity allocation.
Fund Family Neuberger Berman
Category Large Blend
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol NMULX
Share Class Institutional Class
Index S&P 500 TR
NMULX had a total return of 13.04% in the past year, including dividends. Since the fund's
inception, the average annual return has been 24.52%.
