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U.S. Equity Index PutWrite Strategy Fund

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Mutual Fund > Equities > U.S. Equity Index PutWrite Strategy Fund

U.S. Equity Index PutWrite Strategy Fund

An alternative option based strategy that seeks long term equity-like returns with less volatility (lower market beta) than broad equity markets

  • Seeks long-term, equity-like returns with less volatility (lower market beta) than broader equity markets by writing put options on broad-based indexes, (e.g., S&P 500/Russell 2000) and investing collateral in a laddered high quality short-term fixed income portfolio
  • An options fund with limited equity market exposure may be used to seek low volatility U.S. all cap equity exposure or as a daily liquid alternative to certain long/short hedge fund offerings
  • Dedicated team has successfully managed institutional accounts since 2011. The Fund provides an opportunity for retail investors to access the strategy through a mutual fund vehicle

Pricing/Performance

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Product Characteristics

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Beta is a measure of the systematic risk of a security or portfolio. Beta measures the historical sensitivity of portfolio or security excess returns to movement in the excess return of the market index. The value of beta is expressed as a percentage of the market where the market beta is 1.0. A security or portfolio with a beta above the market has volatility greater than the market.

Standard Deviation is a statistical measure of portfolio risk. The standard deviation describes the average deviation of the portfolio returns from the mean portfolio return over a certain period of time. Standard deviation measures how wide this range of returns typically is. The wider the typical range of returns, the higher the standard deviation of returns, and the higher the portfolio risk.

Total (net) expense represents the total annual operating expenses that shareholders currently pay (after the effect of fee waivers and/or expense reimbursement). Fund’s investment manager has contractually undertaken to waive and/or reimburse certain fees and expenses of the Fund so that the total annual operating expenses are capped (excluding interest, taxes, brokerage commissions, acquired fund fees and expenses, dividend and interest expenses relating to short sales, and extraordinary expenses, if any; consequently, total (net) expenses may exceed the contractual cap) through 10/31/2024 for Class A at 1.01%, Class C at 1.76%, Institutional Class at 0.65% and Class R6 at 0.55% (each as a % of average net assets). Absent such arrangements, which cannot be changed without Board approval, the returns may have been lower. Information as of the most recent prospectus dated February 28, 2021, as amended and supplemented.

Derek Devens, CFA
Senior Portfolio Manager
25 Years of Industry Experience
6 Years with Neuberger Berman
Rory Ewing
Portfolio Manager
19 Years of Industry Experience
6 Years with Neuberger Berman