Neuberger Focus Fund
Name
As of 06/01/2026Price
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
Vitals
YTD Return
6.6%
1 yr return
22.1%
3 Yr Avg Return
19.5%
5 Yr Avg Return
7.3%
Net Assets
$790 M
Holdings in Top 10
37.3%
52 WEEK LOW AND HIGH
$35.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.33%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 123.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 06/01/2026Price
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
NBFAX - Profile
Distributions
- YTD Total Return 6.6%
- 3 Yr Annualized Total Return 19.5%
- 5 Yr Annualized Total Return 7.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.38%
- Dividend Yield 0.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameNeuberger Focus Fund
-
Fund Family NameNeuberger Berman
-
Inception DateDec 15, 1998
-
Shares OutstandingN/A
-
Share ClassAdv
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerTimothy Creedon
Fund Description
To pursue its goal, the Fund invests in a concentrated portfolio, consisting mainly of common stocks of companies of any size that are selected using a fundamental, research driven approach.
Under normal market conditions, the Fund typically holds a limited number of stocks of U.S. and non-U.S. companies, including companies in emerging markets and may invest in depositary receipts. Because of this, the Fund may at times be substantially over- and under-weighted in certain economic sectors.
The Portfolio Managers, with the assistance of Neuberger research analysts, look for what they believe to be undervalued companies. Factors in identifying these firms may include depressed valuations, a history of above-average returns, an established market niche, and a belief that the company has sound future business prospects. This approach is designed to let the Fund benefit from potential increases in stock prices, while endeavoring to limit the risks typically associated with investing in a smaller number of stocks.
The Fund may invest in restricted securities, including private placements, which are securities that are subject to legal restrictions on their sale and may not be sold to the public unless registered under the applicable securities law or pursuant to an applicable exemption.
The Fund may also use options, including, but not limited to, buying and selling (writing) put and call options on individual stocks, to attempt to enhance returns. The Fund will only sell (write) call options on individual stocks if it simultaneously holds an equivalent position in the stock underlying the option (“covered call option”).
In an effort to achieve its goal, the Fund may engage in active and frequent trading.
As part of their fundamental investment analysis the Portfolio Managers consider environmental, social and governance factors they believe are financially material to individual investments, where applicable. While this analysis is inherently subjective and may be informed by both internally generated and third-party metrics, data and other information, the Portfolio Managers believe that the consideration of financially material environmental, social and governance factors, alongside traditional financial metrics, may enhance the Fund’s overall investment process. The consideration of environmental, social and governance factors does not apply to certain instruments, such as certain derivative instruments, other registered investment companies, cash and cash equivalents. The consideration of environmental, social and governance factors as part of the investment process does not mean that the Fund pursues a specific “impact” or “sustainable” investment strategy.
The Portfolio Managers follow a disciplined selling strategy and may sell a security when it reaches a target valuation, if a company’s business fails to perform as expected, or when other opportunities appear more attractive.
NBFAX - Performance
Return Ranking - Trailing
| Period | NBFAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.6% | -35.6% | 29.2% | 49.66% |
| 1 Yr | 22.1% | 17.3% | 252.4% | 49.89% |
| 3 Yr | 19.5%* | -3.5% | 34.6% | 29.08% |
| 5 Yr | 7.3%* | 0.1% | 32.7% | 36.91% |
| 10 Yr | 10.8%* | -6.9% | 18.3% | 20.59% |
* Annualized
Return Ranking - Calendar
| Period | NBFAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 10.2% | -24.3% | 957.1% | 31.80% |
| 2024 | 21.0% | -38.3% | 47.1% | 84.20% |
| 2023 | 23.1% | -54.2% | 0.6% | 59.62% |
| 2022 | -32.0% | -76.0% | 54.1% | 99.56% |
| 2021 | -0.3% | -26.1% | 47.8% | 99.84% |
Total Return Ranking - Trailing
| Period | NBFAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.6% | -35.6% | 29.2% | 50.45% |
| 1 Yr | 22.1% | 11.4% | 252.4% | 45.80% |
| 3 Yr | 19.5%* | -3.5% | 34.6% | 27.74% |
| 5 Yr | 7.3%* | 0.1% | 32.7% | 35.84% |
| 10 Yr | 10.8%* | -6.9% | 18.3% | 19.48% |
* Annualized
Total Return Ranking - Calendar
| Period | NBFAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 20.8% | -24.3% | 957.1% | 31.80% |
| 2024 | 21.1% | -33.1% | 47.1% | 84.70% |
| 2023 | 23.2% | -44.4% | 1.8% | 72.14% |
| 2022 | -32.0% | -6.5% | 54.1% | 67.06% |
| 2021 | 19.8% | -14.4% | 47.8% | 26.32% |
NAV & Total Return History
NBFAX - Holdings
Concentration Analysis
| NBFAX | Category Low | Category High | NBFAX % Rank | |
|---|---|---|---|---|
| Net Assets | 790 M | 199 K | 133 B | 39.69% |
| Number of Holdings | 55 | 1 | 9075 | 63.55% |
| Net Assets in Top 10 | 293 M | -18 M | 37.6 B | 31.39% |
| Weighting of Top 10 | 37.31% | 9.1% | 100.0% | 26.20% |
Top 10 Holdings
- NVIDIA Corp 4.50%
- Meta Platforms Inc 4.41%
- State Street Institutional US Government Money Market Fund 4.17%
- Deutsche Telekom AG 4.06%
- Amazon.com Inc 3.98%
- Airbus SE 3.60%
- UniCredit SpA 3.42%
- Microsoft Corp 3.39%
- Lam Research Corp 3.19%
- Agnico Eagle Mines Ltd 2.59%
Asset Allocation
| Weighting | Return Low | Return High | NBFAX % Rank | |
|---|---|---|---|---|
| Stocks | 95.42% | 61.84% | 125.47% | 74.34% |
| Cash | 4.18% | -174.70% | 23.12% | 64.10% |
| Preferred Stocks | 0.45% | -0.01% | 5.28% | 4.96% |
| Other | 0.00% | -13.98% | 19.14% | 3.30% |
| Convertible Bonds | 0.00% | 0.00% | 4.46% | 28.63% |
| Bonds | 0.00% | -1.50% | 161.67% | 32.16% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | NBFAX % Rank | |
|---|---|---|---|---|
| Technology | 23.97% | 0.00% | 49.87% | 15.97% |
| Consumer Cyclical | 19.28% | 0.00% | 40.94% | 2.86% |
| Financial Services | 15.26% | 0.00% | 38.42% | 96.92% |
| Industrials | 13.33% | 0.00% | 44.06% | 83.26% |
| Communication Services | 10.85% | 0.00% | 57.66% | 8.59% |
| Consumer Defense | 5.97% | 0.00% | 73.28% | 50.88% |
| Healthcare | 5.93% | 0.00% | 35.42% | 97.47% |
| Basic Materials | 5.40% | 0.00% | 38.60% | 18.17% |
| Utilities | 0.00% | 0.00% | 29.12% | 78.96% |
| Real Estate | 0.00% | 0.00% | 39.48% | 12.00% |
| Energy | 0.00% | 0.00% | 21.15% | 75.33% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | NBFAX % Rank | |
|---|---|---|---|---|
| US | 64.88% | 0.13% | 103.82% | 36.89% |
| Non US | 30.53% | 0.58% | 99.46% | 66.63% |
NBFAX - Expenses
Operational Fees
| NBFAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.33% | 0.01% | 44.27% | 44.58% |
| Management Fee | 0.93% | 0.00% | 1.82% | 92.56% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 25.72% |
| Administrative Fee | 0.40% | 0.01% | 0.76% | 97.07% |
Sales Fees
| NBFAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| NBFAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 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.
| NBFAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 123.00% | 0.00% | 395.00% | 95.30% |
NBFAX - Distributions
Dividend Yield Analysis
| NBFAX | Category Low | Category High | NBFAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.08% | 0.00% | 3.26% | 28.34% |
Dividend Distribution Analysis
| NBFAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Annually | Annually |
Net Income Ratio Analysis
| NBFAX | Category Low | Category High | NBFAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.38% | -4.27% | 12.65% | 82.95% |
Capital Gain Distribution Analysis
| NBFAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 15, 2025 | $0.029 | OrdinaryDividend |
| Dec 15, 2025 | $0.703 | CapitalGainShortTerm |
| Dec 15, 2025 | $2.484 | CapitalGainLongTerm |
| Dec 16, 2024 | $0.024 | CapitalGainLongTerm |
| Dec 18, 2023 | $0.029 | OrdinaryDividend |
| Dec 14, 2021 | $5.863 | OrdinaryDividend |
| Dec 14, 2020 | $1.624 | CapitalGainLongTerm |
| Dec 16, 2019 | $0.029 | OrdinaryDividend |
| Dec 16, 2019 | $0.325 | CapitalGainShortTerm |
| Dec 16, 2019 | $2.778 | CapitalGainLongTerm |
| Dec 17, 2018 | $0.644 | CapitalGainShortTerm |
| Dec 17, 2018 | $1.307 | CapitalGainLongTerm |
| Dec 15, 2017 | $6.531 | CapitalGainShortTerm |
| Dec 15, 2017 | $6.038 | CapitalGainLongTerm |
| Dec 16, 2016 | $0.292 | CapitalGainShortTerm |
| Dec 16, 2016 | $12.814 | CapitalGainLongTerm |
| Dec 16, 2016 | $0.661 | OrdinaryDividend |
| Dec 17, 2015 | $6.523 | CapitalGainLongTerm |
| Dec 17, 2015 | $1.061 | OrdinaryDividend |
| Dec 15, 2014 | $2.858 | CapitalGainShortTerm |
| Dec 15, 2014 | $22.075 | CapitalGainLongTerm |
| Dec 15, 2014 | $0.918 | OrdinaryDividend |
| Dec 16, 2013 | $2.036 | CapitalGainShortTerm |
| Dec 16, 2013 | $13.795 | CapitalGainLongTerm |
| Dec 16, 2013 | $1.029 | OrdinaryDividend |
| Dec 14, 2012 | $0.651 | OrdinaryDividend |
| Dec 16, 2011 | $0.477 | OrdinaryDividend |
| Dec 20, 2010 | $0.367 | OrdinaryDividend |
| Dec 17, 2009 | $0.529 | OrdinaryDividend |
| Dec 16, 2008 | $6.581 | CapitalGainLongTerm |
| Dec 16, 2008 | $0.520 | OrdinaryDividend |
| Dec 18, 2007 | $0.222 | CapitalGainShortTerm |
| Dec 18, 2007 | $17.667 | CapitalGainLongTerm |
| Dec 18, 2007 | $0.433 | OrdinaryDividend |
| Dec 18, 2006 | $0.781 | CapitalGainShortTerm |
| Dec 18, 2006 | $13.877 | CapitalGainLongTerm |
| Dec 15, 2001 | $0.236 | CapitalGainShortTerm |
| Dec 15, 2001 | $7.087 | CapitalGainLongTerm |
| Dec 20, 1999 | $2.362 | CapitalGainShortTerm |
| Dec 20, 1999 | $6.732 | CapitalGainLongTerm |
NBFAX - Fund Manager Analysis
Managers
Timothy Creedon
Start Date
Tenure
Tenure Rank
Jul 27, 2011
10.85
10.9%
Timothy Creedon, CFA, Managing Director, joined the firm in 2005 and is Director of Research for the Global Equity Research Department and a Portfolio Manager on the Neuberger Berman Focus Fund and the Neuberger Berman Research Opportunity Portfolio. Prior to his appointment as Director of Research, Tim served as an equity analyst covering Consumer Staples companies for the department. Previously, he spent three years working as a sell-side research associate at Lehman Brothers, also covering consumer stocks, and two years working in the Private Equity group at Lehman Brothers, where he was responsible for analyzing and executing investments in early stage telecom/media companies. Tim began his career at Merrill Lynch, where he spent two years working in Investment Banking, covering the telecommunications industry. He is a CFA charterholder and graduated magna cum laude from Georgetown University’s School of Foreign Service with a concentration in International Economics.
Hariharan Ramanan
Start Date
Tenure
Tenure Rank
Sep 24, 2019
2.68
2.7%
2019 – Present Neuberger Berman 2014 – 2018 Valarc Holdings, Managing Partner, Global Equities 2007 — 2014 Eminence Capital, Portfolio Manager, International Equities 2004 — 2007 Basso Capital, Managing Director and Portfolio Manager 2002 – 2004 Advent International, Senior Associate, Private Equity 2000 - 2002 Lehman Brothers, Analyst, Private Equity Knox College, BA (Mathematics and Economics) 21 Years of Industry Experience
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.01 | 35.82 | 6.24 | 1.25 |