Continue to site >
Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$43.64

$1.27 B

0.00%

$0.00

1.82%

Vitals

YTD Return

11.3%

1 yr return

35.7%

3 Yr Avg Return

8.5%

5 Yr Avg Return

13.0%

Net Assets

$1.27 B

Holdings in Top 10

50.0%

52 WEEK LOW AND HIGH

$43.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.82%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 16.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$43.64

$1.27 B

0.00%

$0.00

1.82%

NRACX - Profile

Distributions

  • YTD Total Return 11.3%
  • 3 Yr Annualized Total Return 8.5%
  • 5 Yr Annualized Total Return 13.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.53%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Neuberger Berman Sustainable Equity Fund
  • Fund Family Name
    Neuberger Berman
  • Inception Date
    Jun 01, 2009
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Daniel Hanson

Fund Description

To pursue its goal, the Fund seeks to invest primarily in common stocks of mid- to large-capitalization companies that meet the Fund’s quality oriented financial and ESG criteria. The Fund defines mid-capitalization companies as those with a total market capitalization of $2 billion and above and large-capitalization companies as those with a total market capitalization of $10 billion and above, both at the time of initial purchase.

The Portfolio Manager employs a fundamental research driven approach to stock selection and portfolio construction, with a focus on long term sustainability issues that, in the judgement of the Portfolio Manager, are financially material. This sustainable investment approach seeks to identify high quality, well-positioned companies with leadership that is focused on ESG issues relevant to their business. In doing such, the Portfolio Manager seeks to identify companies with certain practices, including (i) clear and relevant communication regarding management’s understanding, commitment to, and prioritization of, sustainability issues relevant to the business; (ii) identification and disclosure of material sustainability considerations and management objectives (e.g., sustainability-linked goals and targets, including their supply chain, or executive compensation frameworks linked to such goals and targets); and/or (iii) board-level oversight on material sustainability issues. As part of the focus on quality, the Portfolio Manager looks for solid balance sheets, strong management teams with a track record of success, good cash flow, the

prospect for above-average earnings growth and the sustainability of those earnings, as well as of the company’s business model, over the long term. The Portfolio Manager seeks to purchase the stock of businesses that he believes to be well positioned and attractively valued. Among companies that meet these criteria, the Portfolio Manager looks for those that show leadership in environmental, social and governance considerations, including safe and equitable workplace practices and constructive community relations.

As part of the focus on long-term sustainability, the Portfolio Manager looks for companies that show leadership in their environmental and workplace practices. The Fund seeks to invest in companies that demonstrate ESG policies in the following areas: (i) environmental issues; (ii) employment practices and diversity policies; (iii) community relations; (iv) supply chain issues; (v) product integrity (e.g., safety, quality) and (vi) disclosure and sustainability reporting.

Consistent with the Fund’s ESG criteria, the Portfolio Manager focuses on identifying companies that are responsive to environmental issues, including those that have identified and communicated climate-related risks and opportunities, have identified and communicated net-zero transition plans, have committed to or are transitioning to facilitate global decarbonization and/or the reduction of other greenhouse gas emissions; are agents of favorable change in workplace policies (particularly for women and minorities); are committed to upholding universal human rights standards; and are good corporate citizens. The Portfolio Manager judges companies on their corporate citizenship overall, considering their accomplishments as well as their goals. While these judgments are inevitably subjective, the Portfolio Manager endeavors to avoid companies that derive revenue from gambling or the production of alcohol, tobacco, weapons, nuclear power or private prisons. Please see the Statement of Additional Information for a detailed description of the Fund’s ESG criteria.

Although the Fund invests primarily in domestic stocks, it may also invest in stocks of foreign companies. The Fund seeks to reduce risk by investing across many different industries.

The Portfolio Manager follows a disciplined selling strategy and may sell a security if he believes it is unattractively valued, if a company’s business fails to perform as expected, or when other opportunities appear more attractive.

As a sustainable fund, the Fund is required by the federal securities laws to have a policy, which it cannot change without providing investors at least 60 days' written notice, of investing at least 80% of its net assets in equity securities selected in accordance with its ESG criteria. The 80% test is applied at the time the Fund invests; later percentage changes caused by a change in Fund assets, market values or company circumstances will not require the Fund to dispose of a holding. In practice, the Portfolio Manager intends to hold only securities selected in accordance with the Fund's ESG criteria.

Read More

NRACX - Performance

Return Ranking - Trailing

Period NRACX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.3% 0.3% 17.0% 15.02%
1 Yr 35.7% 3.7% 53.6% 15.51%
3 Yr 8.5%* -10.3% 30.6% 73.30%
5 Yr 13.0%* -7.9% 109.2% 66.02%
10 Yr 10.2%* 0.4% 21.0% 78.17%

* Annualized

Return Ranking - Calendar

Period NRACX Return Category Return Low Category Return High Rank in Category (%)
2023 14.2% -42.6% 47.4% 71.12%
2022 -26.8% -56.3% -4.2% 84.20%
2021 10.8% -27.2% 53.7% 72.81%
2020 11.8% -36.2% 2181.7% 46.63%
2019 14.9% -22.7% 40.4% 88.16%

Total Return Ranking - Trailing

Period NRACX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.3% 0.3% 17.0% 15.02%
1 Yr 35.7% 3.7% 53.6% 15.51%
3 Yr 8.5%* -10.3% 30.6% 73.30%
5 Yr 13.0%* -7.9% 109.2% 66.02%
10 Yr 10.2%* 0.4% 21.0% 78.17%

* Annualized

Total Return Ranking - Calendar

Period NRACX Return Category Return Low Category Return High Rank in Category (%)
2023 25.5% -5.0% 47.4% 37.71%
2022 -19.4% -36.8% -2.2% 70.95%
2021 22.3% 3.0% 124.3% 87.91%
2020 18.3% -15.8% 2266.0% 38.53%
2019 24.7% -0.4% 241.3% 89.49%

NAV & Total Return History


NRACX - Holdings

Concentration Analysis

NRACX Category Low Category High NRACX % Rank
Net Assets 1.27 B 2.59 M 1.55 T 47.54%
Number of Holdings 44 1 4053 86.79%
Net Assets in Top 10 676 M 885 K 387 B 41.83%
Weighting of Top 10 49.96% 0.3% 112.0% 8.40%

Top 10 Holdings

  1. Microsoft Corp 9.17%
  2. Amazon.com Inc 7.49%
  3. Alphabet Inc 7.23%
  4. Berkshire Hathaway Inc 4.70%
  5. Mastercard Inc 4.59%
  6. Cigna Group/The 3.75%
  7. GoDaddy Inc 3.38%
  8. Compass Group PLC 3.28%
  9. Cencora Inc 3.23%
  10. Progressive Corp/The 3.15%

Asset Allocation

Weighting Return Low Return High NRACX % Rank
Stocks
99.74% 0.00% 124.03% 14.62%
Cash
0.26% 0.00% 99.06% 80.38%
Preferred Stocks
0.00% 0.00% 2.38% 64.66%
Other
0.00% -13.91% 100.00% 70.45%
Convertible Bonds
0.00% 0.00% 5.54% 62.98%
Bonds
0.00% -0.50% 94.15% 65.75%

Stock Sector Breakdown

Weighting Return Low Return High NRACX % Rank
Technology
26.25% 0.00% 48.94% 19.01%
Healthcare
17.43% 0.00% 60.70% 14.32%
Financial Services
13.86% 0.00% 55.59% 42.64%
Industrials
11.51% 0.00% 29.90% 23.07%
Communication Services
10.63% 0.00% 27.94% 13.76%
Consumer Cyclical
9.00% 0.00% 30.33% 74.86%
Consumer Defense
4.75% 0.00% 47.71% 86.95%
Utilities
2.40% 0.00% 20.91% 58.79%
Real Estate
2.21% 0.00% 31.91% 64.92%
Basic Materials
1.95% 0.00% 25.70% 77.96%
Energy
0.00% 0.00% 41.64% 95.31%

Stock Geographic Breakdown

Weighting Return Low Return High NRACX % Rank
US
91.58% 0.00% 124.03% 88.19%
Non US
8.17% 0.00% 62.81% 5.47%

NRACX - Expenses

Operational Fees

NRACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.82% 0.01% 16.07% 8.58%
Management Fee 0.76% 0.00% 1.89% 91.75%
12b-1 Fee 1.00% 0.00% 1.00% 94.07%
Administrative Fee 0.26% 0.00% 0.85% 90.19%

Sales Fees

NRACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 72.00%

Trading Fees

NRACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

NRACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 16.00% 0.00% 496.00% 34.87%

NRACX - Distributions

Dividend Yield Analysis

NRACX Category Low Category High NRACX % Rank
Dividend Yield 0.00% 0.00% 25.10% 96.16%

Dividend Distribution Analysis

NRACX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Semi-Annually

Net Income Ratio Analysis

NRACX Category Low Category High NRACX % Rank
Net Income Ratio -0.53% -54.00% 6.06% 94.73%

Capital Gain Distribution Analysis

NRACX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

Distributions History

View More +

NRACX - Fund Manager Analysis

Managers

Daniel Hanson


Start Date

Tenure

Tenure Rank

Apr 01, 2022

0.16

0.2%

Daniel Hanson, CFA, Managing Director, joined the firm in January 2022. Dan is the Senior Portfolio Manager and Head of the U.S. Sustainable Equity team. Dan joined Neuberger Berman from Waddell & Reed and Ivy Investments, where he was Chief Investment Officer. Previously, he served as Head of Impact Investing for JANA Partners. Prior to that role, he was Partner and Head of U.S. Equities, and Co-Chair of the Investment Strategy Committee with Jarislowsky Fraser Global Investment Management. Previously, Dan spent 10 years at BlackRock where he launched and managed the firm’s first fundamental, active ESG strategy, the BlackRock Socially Responsible Equity strategy. Dan is involved in a number of initiatives in the area of governance, corporate reporting, and sustainable investing. Dan was a founding member of the board of directors of the Sustainable Accounting Standards Board (“SASB") in 2011. He served on the professional faculty of the University of California-Berkeley Haas School of Business, where he taught sustainable investing from 2016-2019. In that role, he was a judge for the Moskowitz Research Prize, which recognizes outstanding quantitative research in sustainable and responsible investing. Dan received his Bachelor’s Degree in Economics and French from Middlebury College, and earned an MBA, Accounting and Analytic Finance, from The University of Chicago. He is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.21 2.42