Neuberger Berman Dividend Growth Fund
Name
As of 10/10/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
14.0%
1 yr return
25.0%
3 Yr Avg Return
8.2%
5 Yr Avg Return
13.8%
Net Assets
$91.5 M
Holdings in Top 10
35.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.02%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 32.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/10/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
NDGIX - Profile
Distributions
- YTD Total Return 14.0%
- 3 Yr Annualized Total Return 8.2%
- 5 Yr Annualized Total Return 13.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.96%
- Dividend Yield 1.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameNeuberger Berman Dividend Growth Fund
-
Fund Family NameNeuberger Berman
-
Inception DateDec 15, 2015
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerWilliam Hunter
Fund Description
To pursue its goal, the Fund normally invests at least 80% of its net assets in equity securities that pay dividends. The Fund may invest in companies of any market capitalization. Although the Fund invests primarily in domestic securities, it may also invest in securities of foreign companies, including companies in emerging markets. The Fund mainly invests in common stocks but may invest up to 10% of its net assets in master limited partnerships (“MLPs”) and up to 10% of its net assets in convertible securities. 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 Portfolio Managers use bottom-up, fundamental security analysis to identify companies that they believe have sustainable and growing dividends, and ideally seek to buy them when they appear temporarily out-of-favor or undervalued by the market. The price of the company’s securities in relation to its cash flow, earnings, dividends, book value and asset value, both historical and prospective, are key determinants in the security selection process. Emphasis is also placed on identifying companies undergoing
changes that the Portfolio Managers believe will enhance shareholder value in the future, including changes in operations, management, capital allocation, strategies and product offerings.
The Fund may also invest in real estate investment trusts (“REITs”).
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 holding 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 that pay dividends, without providing shareholders at least 60 days’ notice. 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.
NDGIX - Performance
Return Ranking - Trailing
| Period | NDGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 14.0% | 4.4% | 35.1% | 88.83% |
| 1 Yr | 25.0% | 8.4% | 55.4% | 85.34% |
| 3 Yr | 8.2%* | -5.2% | 16.8% | 74.10% |
| 5 Yr | 13.8%* | -7.8% | 111.4% | 60.39% |
| 10 Yr | N/A* | 0.0% | 52.9% | N/A |
* Annualized
Return Ranking - Calendar
| Period | NDGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.6% | -42.6% | 47.4% | 69.89% |
| 2022 | -16.0% | -56.3% | -4.2% | 12.09% |
| 2021 | 20.1% | -27.2% | 537.8% | 38.09% |
| 2020 | 17.4% | -22.5% | 2181.7% | 21.23% |
| 2019 | 27.2% | -13.5% | 40.4% | 26.79% |
Total Return Ranking - Trailing
| Period | NDGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 14.0% | 4.4% | 35.1% | 88.83% |
| 1 Yr | 25.0% | 8.4% | 55.4% | 85.34% |
| 3 Yr | 8.2%* | -5.2% | 16.8% | 74.10% |
| 5 Yr | 13.8%* | -7.8% | 111.4% | 60.39% |
| 10 Yr | N/A* | 0.0% | 52.9% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | NDGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 17.8% | -5.0% | 47.4% | 78.49% |
| 2022 | -12.5% | -36.8% | -2.2% | 15.44% |
| 2021 | 24.4% | 3.0% | 537.8% | 76.02% |
| 2020 | 19.0% | -15.8% | 2266.0% | 30.80% |
| 2019 | 29.0% | -0.4% | 241.3% | 59.55% |
NAV & Total Return History
NDGIX - Holdings
Concentration Analysis
| NDGIX | Category Low | Category High | NDGIX % Rank | |
|---|---|---|---|---|
| Net Assets | 91.5 M | 2.34 M | 1.55 T | 88.51% |
| Number of Holdings | 57 | 2 | 4002 | 72.01% |
| Net Assets in Top 10 | 35.5 M | 979 K | 517 B | 89.00% |
| Weighting of Top 10 | 35.80% | 0.3% | 112.9% | 54.18% |
Top 10 Holdings
- QUALCOMM Inc 4.37%
- State Street Institutional Treasury Money Market Fund 4.31%
- Amphenol Corp 4.06%
- Microsoft Corp 4.05%
- Applied Materials Inc 3.96%
- Analog Devices Inc 3.71%
- Electronic Arts Inc 2.89%
- Danaher Corp 2.82%
- AstraZeneca PLC 2.82%
- Eli Lilly Co 2.80%
Asset Allocation
| Weighting | Return Low | Return High | NDGIX % Rank | |
|---|---|---|---|---|
| Stocks | 95.63% | 0.00% | 105.85% | 90.45% |
| Cash | 4.37% | 0.00% | 99.07% | 8.33% |
| Preferred Stocks | 0.00% | 0.00% | 2.53% | 15.37% |
| Other | 0.00% | -13.91% | 100.00% | 40.37% |
| Convertible Bonds | 0.00% | 0.00% | 5.54% | 10.63% |
| Bonds | 0.00% | 0.00% | 94.06% | 17.80% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | NDGIX % Rank | |
|---|---|---|---|---|
| Technology | 18.42% | 0.00% | 48.94% | 82.87% |
| Healthcare | 16.32% | 0.00% | 60.70% | 20.59% |
| Financial Services | 13.62% | 0.00% | 55.59% | 45.63% |
| Industrials | 12.68% | 0.00% | 29.90% | 13.59% |
| Consumer Cyclical | 9.87% | 0.00% | 30.33% | 62.19% |
| Basic Materials | 7.84% | 0.00% | 25.70% | 4.12% |
| Energy | 5.13% | 0.00% | 41.64% | 21.75% |
| Consumer Defense | 4.64% | 0.00% | 47.71% | 88.14% |
| Communication Services | 4.11% | 0.00% | 27.94% | 89.04% |
| Real Estate | 3.93% | 0.00% | 31.91% | 15.65% |
| Utilities | 3.44% | 0.00% | 20.91% | 17.96% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | NDGIX % Rank | |
|---|---|---|---|---|
| US | 91.27% | 0.00% | 105.85% | 88.43% |
| Non US | 4.36% | 0.00% | 64.54% | 9.55% |
NDGIX - Expenses
Operational Fees
| NDGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.02% | 0.01% | 19.75% | 33.47% |
| Management Fee | 0.65% | 0.00% | 1.90% | 70.98% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.15% | 0.00% | 0.85% | 71.82% |
Sales Fees
| NDGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| NDGIX 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.
| NDGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 32.00% | 0.00% | 268.00% | 62.11% |
NDGIX - Distributions
Dividend Yield Analysis
| NDGIX | Category Low | Category High | NDGIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.96% | 0.00% | 25.47% | 32.85% |
Dividend Distribution Analysis
| NDGIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| NDGIX | Category Low | Category High | NDGIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.96% | -54.00% | 2.44% | 34.63% |
Capital Gain Distribution Analysis
| NDGIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 15, 2023 | $0.208 | OrdinaryDividend |
| Dec 15, 2023 | $0.019 | CapitalGainShortTerm |
| Dec 15, 2023 | $0.311 | CapitalGainLongTerm |
| Dec 16, 2022 | $0.699 | OrdinaryDividend |
| Dec 15, 2021 | $0.698 | OrdinaryDividend |
| Dec 14, 2020 | $0.222 | OrdinaryDividend |
| Dec 16, 2019 | $0.203 | OrdinaryDividend |
| Dec 17, 2018 | $0.080 | CapitalGainShortTerm |
| Dec 17, 2018 | $0.477 | CapitalGainLongTerm |
| Dec 17, 2018 | $0.137 | OrdinaryDividend |
| Dec 15, 2017 | $0.004 | CapitalGainShortTerm |
| Dec 15, 2017 | $0.178 | CapitalGainLongTerm |
| Dec 15, 2017 | $0.151 | OrdinaryDividend |
| Dec 16, 2016 | $0.217 | OrdinaryDividend |
NDGIX - Fund Manager Analysis
Managers
William Hunter
Start Date
Tenure
Tenure Rank
Dec 15, 2015
6.46
6.5%
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 15, 2020
1.46
1.5%
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 |
|---|---|---|---|
| 0.04 | 39.02 | 7.24 | 2.42 |