Neuberger Berman Equity Income Fund
Name
As of 10/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
16.1%
1 yr return
25.1%
3 Yr Avg Return
3.9%
5 Yr Avg Return
6.6%
Net Assets
$895 M
Holdings in Top 10
30.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.08%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 35.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
NBHAX - Profile
Distributions
- YTD Total Return 16.1%
- 3 Yr Annualized Total Return 3.9%
- 5 Yr Annualized Total Return 6.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.93%
- Dividend Yield 1.7%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameNeuberger Berman Equity Income Fund
-
Fund Family NameNeuberger Berman
-
Inception DateJul 16, 2008
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAlexandra Pomeroy
Fund Description
To pursue its goal, the Fund invests in income-oriented equity securities that the Portfolio Managers believe will be able to grow their dividends over time. The Fund strives to deliver a total return with lower volatility relative to the Russell 1000® Value index. Additionally, the Fund seeks to generate a current yield that is greater than the average current yield for stocks in the Russell 1000 Value Index. By selecting these types of equity securities, the Fund seeks to dampen the market volatility associated with investing in equity securities.
The Fund typically employs a “value” approach in selecting investments. The Portfolio Managers use a bottom-up, research driven approach to identify companies that they believe have the ability to sustain and potentially to grow their free cash flow and are trading at a discount to what the Portfolio Managers believe to be their net present values. The approach involves examining companies for the presence of potential catalysts that will lead to the creation of value, such as regulatory changes, competitive shifts, reaccelerating earnings, and corporate/management restructuring. The Portfolio Managers also utilize various measures of value, including price-to-earnings ratios, price-to-book ratios and discounted free cash flows, among others.
As part of their fundamental investment analysis the Portfolio Managers consider Environmental, Social and Governance (ESG) factors they believe are financially material to individual investments, where applicable, as described below. 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 ESG factors, alongside traditional financial metrics, may
enhance the Fund’s overall investment process. The consideration of ESG factors does not apply to certain instruments, such as certain derivative instruments, other registered investment companies, cash and cash equivalents. The consideration of ESG factors as part of the investment process does not mean that the Fund pursues a specific “impact” or “sustainable” investment strategy.
The Fund may invest in real estate investment trusts (“REITs”) and other real estate companies, convertible securities (including convertible preferred stock, which receives preference in the payment of dividends) and common stocks. The Fund defines a real estate company as one that derives at least 50% of its revenue or profits from real estate, or has at least 50% of its assets invested in real estate. The Fund may emphasize the real estate and utilities sectors of the market at any given time and may invest up to 40% of its total assets in each of these sectors. The Fund may invest in convertible securities that are rated below investment grade (commonly known as “junk bonds”) or, if unrated, are determined by the Portfolio Managers to be of comparable quality.
The Fund also uses derivatives, including futures contracts on individual securities and indices, and options, including writing (selling) calls against positions in the portfolio (“covered calls”) or writing (selling) puts on individual stocks, in an effort to enhance returns.
The Fund may invest in companies of any market capitalization. Although the Fund invests primarily in domestic equity securities, it may also invest in equity securities of foreign companies, including those in emerging markets.
The Portfolio Managers follow a disciplined selling strategy and may sell a security when it reaches a target price, if a company’s business fails to perform as expected, when other opportunities appear more attractive or when the Portfolio Managers believe the security has grown too large relative to the rest of the portfolio.
The Fund will not change its strategy of normally investing at least 80% of its net assets in equity securities, without providing shareholders at least 60 days’ notice. For this purpose, equity securities include common stock, preferred stock and securities convertible into common or preferred stock. This 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.
NBHAX - Performance
Return Ranking - Trailing
Period | NBHAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 16.1% | 0.9% | 41.6% | 60.79% |
1 Yr | 25.1% | 6.9% | 66.5% | 78.33% |
3 Yr | 3.9%* | -2.1% | 32.9% | 97.09% |
5 Yr | 6.6%* | -0.1% | 46.4% | 98.03% |
10 Yr | 7.2%* | 1.7% | 26.0% | 95.12% |
* Annualized
Return Ranking - Calendar
Period | NBHAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -2.4% | -16.9% | 46.1% | 91.54% |
2022 | -11.2% | -64.7% | 4.6% | 42.96% |
2021 | 9.4% | -44.2% | 57.5% | 77.54% |
2020 | 0.3% | -23.2% | 285.0% | 43.36% |
2019 | 14.7% | -21.4% | 48.5% | 80.26% |
Total Return Ranking - Trailing
Period | NBHAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 16.1% | 0.9% | 41.6% | 60.79% |
1 Yr | 25.1% | 6.9% | 66.5% | 78.33% |
3 Yr | 3.9%* | -2.1% | 32.9% | 97.09% |
5 Yr | 6.6%* | -0.1% | 46.4% | 98.03% |
10 Yr | 7.2%* | 1.7% | 26.0% | 95.12% |
* Annualized
Total Return Ranking - Calendar
Period | NBHAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.4% | -15.9% | 46.7% | 93.93% |
2022 | -4.5% | -42.0% | 8.5% | 39.98% |
2021 | 11.2% | 3.6% | 129.7% | 99.52% |
2020 | 2.6% | -22.6% | 304.8% | 54.77% |
2019 | 21.0% | -12.7% | 52.1% | 89.68% |
NAV & Total Return History
NBHAX - Holdings
Concentration Analysis
NBHAX | Category Low | Category High | NBHAX % Rank | |
---|---|---|---|---|
Net Assets | 895 M | 1.94 M | 163 B | 50.87% |
Number of Holdings | 76 | 2 | 1733 | 55.55% |
Net Assets in Top 10 | 281 M | 433 K | 37.8 B | 48.95% |
Weighting of Top 10 | 30.49% | 4.4% | 99.1% | 39.58% |
Top 10 Holdings
- Agnico Eagle Mines Ltd 3.58%
- Merck Co Inc 3.49%
- Wells Fargo Co 3.16%
- ConocoPhillips 3.14%
- AstraZeneca PLC 2.97%
- Emerson Electric Co 2.94%
- CenterPoint Energy Inc 2.94%
- JPMorgan Chase Co 2.87%
- Ferrovial SE 2.73%
- Lockheed Martin Corp 2.68%
Asset Allocation
Weighting | Return Low | Return High | NBHAX % Rank | |
---|---|---|---|---|
Stocks | 98.94% | 7.19% | 103.40% | 38.96% |
Bonds | 0.79% | 0.00% | 78.06% | 4.86% |
Cash | 0.54% | 0.00% | 36.15% | 69.94% |
Preferred Stocks | 0.00% | 0.00% | 15.27% | 72.78% |
Convertible Bonds | 0.00% | 0.00% | 3.66% | 71.18% |
Other | -0.01% | -2.19% | 36.68% | 95.69% |
Stock Sector Breakdown
Weighting | Return Low | Return High | NBHAX % Rank | |
---|---|---|---|---|
Healthcare | 14.50% | 0.00% | 30.08% | 80.39% |
Financial Services | 12.01% | 0.00% | 58.05% | 92.97% |
Utilities | 11.95% | 0.00% | 27.04% | 2.59% |
Real Estate | 11.53% | 0.00% | 90.54% | 0.74% |
Energy | 11.51% | 0.00% | 54.00% | 14.06% |
Industrials | 11.39% | 0.00% | 42.76% | 51.43% |
Basic Materials | 8.60% | 0.00% | 21.69% | 5.46% |
Technology | 6.15% | 0.00% | 54.02% | 91.12% |
Consumer Defense | 5.47% | 0.00% | 34.10% | 82.61% |
Consumer Cyclical | 4.19% | 0.00% | 22.74% | 78.72% |
Communication Services | 2.69% | 0.00% | 26.58% | 85.85% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | NBHAX % Rank | |
---|---|---|---|---|
US | 91.00% | 7.19% | 103.40% | 85.79% |
Non US | 7.94% | 0.00% | 24.72% | 6.87% |
Bond Sector Breakdown
Weighting | Return Low | Return High | NBHAX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 0.54% | 0.00% | 100.00% | 62.60% |
Securitized | 0.00% | 0.00% | 40.38% | 70.85% |
Corporate | 0.00% | 0.00% | 100.00% | 74.90% |
Municipal | 0.00% | 0.00% | 0.02% | 70.85% |
Government | 0.00% | 0.00% | 100.00% | 71.72% |
Derivative | -0.01% | -2.19% | 8.30% | 95.51% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | NBHAX % Rank | |
---|---|---|---|---|
US | 0.79% | 0.00% | 66.93% | 4.86% |
Non US | 0.00% | 0.00% | 11.12% | 70.03% |
NBHAX - Expenses
Operational Fees
NBHAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.08% | 0.03% | 14.82% | 36.34% |
Management Fee | 0.77% | 0.00% | 1.50% | 89.71% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 48.13% |
Administrative Fee | 0.26% | 0.00% | 0.50% | 90.76% |
Sales Fees
NBHAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.75% | 1.00% | 5.75% | 28.85% |
Deferred Load | N/A | 0.95% | 5.00% | N/A |
Trading Fees
NBHAX 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.
NBHAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 35.00% | 0.00% | 488.00% | 47.91% |
NBHAX - Distributions
Dividend Yield Analysis
NBHAX | Category Low | Category High | NBHAX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.67% | 0.00% | 16.67% | 21.83% |
Dividend Distribution Analysis
NBHAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | Monthly | Annual |
Net Income Ratio Analysis
NBHAX | Category Low | Category High | NBHAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.93% | -1.51% | 4.28% | 18.67% |
Capital Gain Distribution Analysis
NBHAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 23, 2024 | $0.060 | OrdinaryDividend |
Mar 21, 2024 | $0.066 | OrdinaryDividend |
Dec 18, 2023 | $0.052 | OrdinaryDividend |
Dec 18, 2023 | $0.497 | CapitalGainLongTerm |
Sep 22, 2023 | $0.054 | OrdinaryDividend |
Jun 23, 2023 | $0.060 | OrdinaryDividend |
Mar 24, 2023 | $0.068 | OrdinaryDividend |
Dec 16, 2022 | $0.732 | OrdinaryDividend |
Sep 23, 2022 | $0.082 | OrdinaryDividend |
Jun 23, 2022 | $0.073 | OrdinaryDividend |
Mar 24, 2022 | $0.076 | OrdinaryDividend |
Sep 23, 2021 | $0.090 | OrdinaryDividend |
Jun 23, 2021 | $0.056 | OrdinaryDividend |
Mar 24, 2021 | $0.087 | OrdinaryDividend |
Dec 14, 2020 | $0.052 | OrdinaryDividend |
Sep 23, 2020 | $0.058 | OrdinaryDividend |
Jun 23, 2020 | $0.054 | OrdinaryDividend |
Mar 24, 2020 | $0.082 | OrdinaryDividend |
Dec 16, 2019 | $0.067 | OrdinaryDividend |
Dec 16, 2019 | $0.419 | CapitalGainLongTerm |
Sep 23, 2019 | $0.078 | OrdinaryDividend |
Jun 21, 2019 | $0.065 | OrdinaryDividend |
Mar 22, 2019 | $0.087 | OrdinaryDividend |
Dec 17, 2018 | $0.068 | OrdinaryDividend |
Dec 17, 2018 | $0.554 | CapitalGainLongTerm |
Sep 21, 2018 | $0.062 | OrdinaryDividend |
Jun 22, 2018 | $0.076 | OrdinaryDividend |
Mar 22, 2018 | $0.083 | OrdinaryDividend |
Dec 15, 2017 | $0.100 | OrdinaryDividend |
Dec 15, 2017 | $0.490 | CapitalGainLongTerm |
Sep 22, 2017 | $0.101 | OrdinaryDividend |
Jun 23, 2017 | $0.074 | OrdinaryDividend |
Mar 24, 2017 | $0.075 | OrdinaryDividend |
Dec 16, 2016 | $0.072 | OrdinaryDividend |
Dec 16, 2016 | $0.393 | CapitalGainLongTerm |
Sep 23, 2016 | $0.087 | OrdinaryDividend |
Jun 23, 2016 | $0.077 | OrdinaryDividend |
Mar 23, 2016 | $0.061 | OrdinaryDividend |
Dec 17, 2015 | $0.057 | OrdinaryDividend |
Dec 17, 2015 | $0.421 | CapitalGainLongTerm |
Sep 23, 2015 | $0.082 | OrdinaryDividend |
Jun 23, 2015 | $0.082 | OrdinaryDividend |
Mar 24, 2015 | $0.077 | OrdinaryDividend |
Dec 15, 2014 | $0.066 | OrdinaryDividend |
Dec 15, 2014 | $0.078 | CapitalGainShortTerm |
Dec 15, 2014 | $0.445 | CapitalGainLongTerm |
Sep 24, 2014 | $0.069 | OrdinaryDividend |
Jun 23, 2014 | $0.087 | OrdinaryDividend |
Mar 24, 2014 | $0.074 | OrdinaryDividend |
Dec 16, 2013 | $0.039 | OrdinaryDividend |
Dec 16, 2013 | $0.017 | CapitalGainShortTerm |
Dec 16, 2013 | $0.492 | CapitalGainLongTerm |
Sep 23, 2013 | $0.076 | OrdinaryDividend |
Jun 21, 2013 | $0.073 | OrdinaryDividend |
Mar 22, 2013 | $0.066 | OrdinaryDividend |
Dec 14, 2012 | $0.180 | OrdinaryDividend |
Dec 14, 2012 | $0.016 | CapitalGainShortTerm |
Dec 14, 2012 | $0.058 | CapitalGainLongTerm |
Sep 21, 2012 | $0.097 | OrdinaryDividend |
Jun 22, 2012 | $0.092 | OrdinaryDividend |
Mar 23, 2012 | $0.074 | OrdinaryDividend |
Dec 16, 2011 | $0.087 | OrdinaryDividend |
Dec 16, 2011 | $0.021 | CapitalGainShortTerm |
Dec 16, 2011 | $0.046 | CapitalGainLongTerm |
Sep 23, 2011 | $0.090 | OrdinaryDividend |
Jun 23, 2011 | $0.076 | OrdinaryDividend |
Mar 24, 2011 | $0.056 | OrdinaryDividend |
Dec 20, 2010 | $0.136 | OrdinaryDividend |
Sep 30, 2010 | $0.177 | OrdinaryDividend |
Jun 30, 2010 | $0.070 | OrdinaryDividend |
Mar 31, 2010 | $0.062 | OrdinaryDividend |
Dec 17, 2009 | $0.115 | OrdinaryDividend |
Sep 30, 2009 | $0.064 | OrdinaryDividend |
Jun 30, 2009 | $0.059 | OrdinaryDividend |
Apr 01, 2009 | $0.048 | OrdinaryDividend |
Dec 16, 2008 | $0.013 | OrdinaryDividend |
Dec 16, 2008 | $0.005 | CapitalGainShortTerm |
Dec 16, 2008 | $0.063 | CapitalGainLongTerm |
Sep 30, 2008 | $0.067 | OrdinaryDividend |
Jun 30, 2008 | $0.057 | OrdinaryDividend |
NBHAX - Fund Manager Analysis
Managers
Alexandra Pomeroy
Start Date
Tenure
Tenure Rank
Nov 02, 2006
15.59
15.6%
Sandy M. Pomeroyis a Managing Director of the Neuberger Berman Investment Advisers. She has been a Portfolio Manager with the firm since 2005. Sandy is a Portfolio Manager for the MLG Group where she manages portfolios for high-net-worth individuals and institutions. Prior to joining the firm, she spent five years at JP Morgan and prior to that, five years at Brown Brothers Harriman. Sandy received a BA from Colgate University.
Richard Levine
Start Date
Tenure
Tenure Rank
Nov 02, 2006
15.59
15.6%
Richard S. Levine, JD, Managing Director, joined Neuberger Berman Investment Advisers LLC in 1989. Richard is a Portfolio Manager for the MLG Group. Additionally, he has served on the Neuberger Berman Trust Company N.A. Board since its inception. Prior to joining the firm, Richard was a senior vice president, tax attorney and financial planner at Ayco Corporation. He earned a BA from the State University of New York at Binghamton and a JD from Albany Law School.
William Hunter
Start Date
Tenure
Tenure Rank
Dec 15, 2012
9.46
9.5%
William D. Hunter, Managing Director, joined the Neuberger Berman Investment Advisers LLC in 2006. Will is a member of the MLG Group and serves as Portfolio Manager for the Global Thematic Opportunities strategy and Associate Portfolio Manager on the Equity Income strategy. Prior to joining the firm, Will worked at JPMorgan's Investment Bank as an analyst in Chemical Equity Research after working in Equity Specialty Sales in Energy and Industrials. Will received his BA from Columbia University.
Shawn Trudeau
Start Date
Tenure
Tenure Rank
Dec 06, 2018
3.48
3.5%
Mr Trudeau joined Neuberger Berman Investment Advisers LLC in 2011 and has been an Associate Portfolio manager since 2012.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.05 | 86.59 | 8.09 | 6.71 |