Total return: distributions reinvested. In USD, the currency of the share class shown. Benchmark line not shown: price history held back: source clearance pending. Fund history to 29.09.2026. Past performance is not a reliable indicator of future results, and the value of investments can fall as well as rise.
Performance against the benchmark
1M
3M
6M
YTD
2025
2024
2023
1Y
3Y
5Y
Volatility
Sharpe R.
Max DD
FundISIN IE00BDDWGF08, currency USD, retail share class
1.62
3.47
7.96
10.17
12.11
13.85
16.08
16.64
13.24
8.70
6.34
1.28
-5.09
BenchmarkCBOE PutWrite 50/50 (one-week and monthly) USD
1.43
1.81
6.16
9.02
9.09
13.27
11.69
15.09
10.98
6.81
5.81
1.04
-5.37
Differencefund minus benchmark, in percentage points
0.18
1.67
1.80
1.15
3.02
0.58
4.39
1.55
2.26
1.88
–
–
–
Within the list: OpenList — Alternatives
Compared with the alternative funds on OpenList — Alternatives (25 funds), each in the share class and currency its list shows. Returns are in each share class's own currency and are not converted.
This fund
Group median
Position
Return 1Y
16.64
9.40
5 of 25
Return 3Y p.a.
13.24
11.35
9 of 25
3Y p.a. over its own benchmark
2.26
2.46
15 of 25
Volatility 3Y
6.34
5.42
18 of 25
Sharpe ratio 3Y
1.28
1.34
16 of 25
Max drawdown 3Y
-5.09
-3.40
21 of 25
Management fee
0.00%
1.01%
1 of 23 (2 without a value)
Position 1 is the highest value, except for volatility and the management fee, where 1 is the lowest; for max drawdown, 1 is the smallest fall.
Return against risk, 3 years
WSP commentary
Draft commentary, machine-generated from the fund's key information document (PRIIPs) dated 04.08.2026, not yet reviewed by WSP.
Investment rationale
This UCITS fund is designed to increase the value of shares through a combination of growth and income, using a put-writing strategy on U.S. equity markets including smaller cap securities. It is classified as 3 out of 7 on the summary risk indicator, described as a medium-low risk product, and has a recommended holding period of 3 years. The document states it may suit investors seeking income and/or capital growth as part of a diversified portfolio, rather than as a single investment or to achieve a specified return by a particular date. Its distinct role is as a differentiated equity-related allocation that uses options and maintains a highly liquid fixed income portfolio to support the strategy.
Investment strategy
The fund aims to increase the value of shares through a combination of growth and income by transacting in financial instruments such as options, using a put-writing strategy on U.S. equity markets, including smaller cap securities. When the fund writes put options, it generates a fee; the strategy leaves the fund fully exposed to market falls, although volatility is generally less than with direct investments in equity indices. The fund is obliged to maintain a highly liquid portfolio of fixed income assets to meet its obligations, may invest up to 30% of net asset value in securities rated below investment grade, and may also use financial derivative instruments to increase growth, reduce risk or improve operational efficiency. It is actively managed and does not intend to track its blended benchmark of 50% CBOE S&P 500 PutWrite Index and 50% CBOE S&P 500 One Week PutWrite Index, which is used only for performance comparison; income is accumulated rather than distributed, and the recommended holding period is 3 years.
Investment philosophy
• The fund invests through a put-writing strategy on U.S. equity markets, including smaller cap securities, using options as the primary instrument described.
• A put option is used in a way that generates a fee when written, while leaving the fund fully exposed to market falls; the document states volatility is generally lower than with direct investments in equity indices.
• The portfolio must maintain a highly liquid pool of fixed income assets to meet obligations arising from the strategy.
• The fund may invest up to 30% of net asset value in securities rated below investment grade and may also use other financial derivative instruments to pursue growth, reduce risk or improve operational efficiency.
• It is actively managed without being constrained by its blended benchmark of 50% CBOE S&P 500 PutWrite Index and 50% CBOE S&P 500 One Week PutWrite Index, which is used only as a performance comparator.
The asset manager
Neuberger Berman Asset Management Ireland Limited is the manufacturer of the fund. The document states that NBAMIL is part of the Neuberger Berman Group. NBAMIL is authorised in Ireland and regulated by the Central Bank of Ireland, and the fund is authorised by the Central Bank pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011, as amended.
Strengths
The fund stands out for combining growth and income objectives with a put-writing strategy focused on U.S. equity markets, including smaller cap securities. The strategy generates option premium fees while, according to the document, generally experiencing less volatility than direct investment in equity indices. It also combines this derivatives-based equity exposure with an obligation to hold a highly liquid fixed income portfolio to meet obligations. Costs disclosed for this share class are low, with 0.15% management and other administrative or operating costs, 0.07% transaction costs, and no performance fee.
Risks
The fund has a summary risk indicator of 3 out of 7, which the document classifies as medium-low risk. The strategy leaves the fund fully exposed to market falls because of its put-writing approach on U.S. equity markets, even though volatility is generally stated to be lower than for direct investment in equity indices. The fund may invest up to 30% of net asset value in below-investment-grade securities, adding credit risk, and it uses financial derivative instruments that can exaggerate potential returns or losses. The document also states there is no protection from future market performance, investors could lose some or all of their investment, and if the depositary becomes insolvent investors may lose some or all of their investment; the fund does not apply the Stewardship and Sustainable Investing Policy and the sub-investment manager deems sustainability risks not relevant for the strategy.
WSP report
Ask WSP which research is available for this fund and what it covers.
Performance: in %, in the currency of the share class shown. 3Y and 5Y are annualised. Volatility and Sharpe ratio are over three years; Max DD is the largest fall over three years. – means not applicable. "Not available in this publication" means no value is shown here; it does not mean zero. Period figures as of 31.08.2026.
This page is advertising within the meaning of the Swiss Financial Services Act. It is not an offer, a recommendation or investment advice. The prospectus and key information document for any fund shown may be obtained free of charge from its management company or Swiss representative
WSP commentary
Draft commentary, machine-generated from the fund's key information document (PRIIPs) dated 04.08.2026, not yet reviewed by WSP.
Investment rationale
This UCITS fund is designed to increase the value of shares through a combination of growth and income, using a put-writing strategy on U.S. equity markets including smaller cap securities. It is classified as 3 out of 7 on the summary risk indicator, described as a medium-low risk product, and has a recommended holding period of 3 years. The document states it may suit investors seeking income and/or capital growth as part of a diversified portfolio, rather than as a single investment or to achieve a specified return by a particular date. Its distinct role is as a differentiated equity-related allocation that uses options and maintains a highly liquid fixed income portfolio to support the strategy.
Investment strategy
The fund aims to increase the value of shares through a combination of growth and income by transacting in financial instruments such as options, using a put-writing strategy on U.S. equity markets, including smaller cap securities. When the fund writes put options, it generates a fee; the strategy leaves the fund fully exposed to market falls, although volatility is generally less than with direct investments in equity indices. The fund is obliged to maintain a highly liquid portfolio of fixed income assets to meet its obligations, may invest up to 30% of net asset value in securities rated below investment grade, and may also use financial derivative instruments to increase growth, reduce risk or improve operational efficiency. It is actively managed and does not intend to track its blended benchmark of 50% CBOE S&P 500 PutWrite Index and 50% CBOE S&P 500 One Week PutWrite Index, which is used only for performance comparison; income is accumulated rather than distributed, and the recommended holding period is 3 years.
Investment philosophy
• The fund invests through a put-writing strategy on U.S. equity markets, including smaller cap securities, using options as the primary instrument described.
• A put option is used in a way that generates a fee when written, while leaving the fund fully exposed to market falls; the document states volatility is generally lower than with direct investments in equity indices.
• The portfolio must maintain a highly liquid pool of fixed income assets to meet obligations arising from the strategy.
• The fund may invest up to 30% of net asset value in securities rated below investment grade and may also use other financial derivative instruments to pursue growth, reduce risk or improve operational efficiency.
• It is actively managed without being constrained by its blended benchmark of 50% CBOE S&P 500 PutWrite Index and 50% CBOE S&P 500 One Week PutWrite Index, which is used only as a performance comparator.
The asset manager
Neuberger Berman Asset Management Ireland Limited is the manufacturer of the fund. The document states that NBAMIL is part of the Neuberger Berman Group. NBAMIL is authorised in Ireland and regulated by the Central Bank of Ireland, and the fund is authorised by the Central Bank pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011, as amended.
Strengths
The fund stands out for combining growth and income objectives with a put-writing strategy focused on U.S. equity markets, including smaller cap securities. The strategy generates option premium fees while, according to the document, generally experiencing less volatility than direct investment in equity indices. It also combines this derivatives-based equity exposure with an obligation to hold a highly liquid fixed income portfolio to meet obligations. Costs disclosed for this share class are low, with 0.15% management and other administrative or operating costs, 0.07% transaction costs, and no performance fee.
Risks
The fund has a summary risk indicator of 3 out of 7, which the document classifies as medium-low risk. The strategy leaves the fund fully exposed to market falls because of its put-writing approach on U.S. equity markets, even though volatility is generally stated to be lower than for direct investment in equity indices. The fund may invest up to 30% of net asset value in below-investment-grade securities, adding credit risk, and it uses financial derivative instruments that can exaggerate potential returns or losses. The document also states there is no protection from future market performance, investors could lose some or all of their investment, and if the depositary becomes insolvent investors may lose some or all of their investment; the fund does not apply the Stewardship and Sustainable Investing Policy and the sub-investment manager deems sustainability risks not relevant for the strategy.