Neuberger Berman Large Cap Growth Fund
Name
As of 10/08/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
19.2%
1 yr return
33.4%
3 Yr Avg Return
9.3%
5 Yr Avg Return
18.5%
Net Assets
$2.44 B
Holdings in Top 10
51.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.59%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 28.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/08/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
NGRDX - Profile
Distributions
- YTD Total Return 19.2%
- 3 Yr Annualized Total Return 9.3%
- 5 Yr Annualized Total Return 18.5%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.26%
- Dividend Yield 0.4%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameNeuberger Berman Large Cap Growth Fund
-
Fund Family NameNeuberger Berman
-
Inception DateMar 29, 2019
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerCharles Kantor
Fund Description
To pursue its goal, the Fund normally invests at least 80% of its net assets in equity securities of large-capitalization companies, which it defines as those with a market capitalization within the market capitalization range of the Russell 1000® Growth Index at the time of purchase.
The Portfolio Managers employ a research driven approach to stock selection, with a long term perspective that combines both quantitative analysis and qualitative judgment. The Portfolio Managers generally seek to identify what they believe to be faster-growing companies with attractive sales growth and competitive returns on equity relative to their peers. In doing so, the Portfolio Managers analyze such factors as: balance sheet metrics; profit margin profiles; market share and competitive leadership of the company’s products; sales; cash flow and earnings growth relative to competitors; and market valuation in comparison to a stock’s own historical norms and the stocks of other large-capitalization companies.
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.
Although the Fund invests primarily in domestic stocks, it may also invest in stocks of foreign companies.
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 invest in private companies, including companies that have not yet issued securities publicly in an initial public offering.
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”).
The Fund seeks to reduce risk by investing across many companies, sectors and industries. At times, the Portfolio Managers may emphasize certain sectors or industries that they believe may benefit from market or economic trends.
The Portfolio Managers follow a disciplined selling strategy that utilizes a process analyzing macroeconomic and/or security-specific circumstances, and may sell a security when it reaches a target price, if a company’s business fails to perform as expected, or when other opportunities appear more attractive.
The Fund will not change its strategy of normally investing at least 80% of its net assets in equity securities of large-capitalization companies, 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.
NGRDX - Performance
Return Ranking - Trailing
Period | NGRDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 19.2% | -0.5% | 42.4% | 74.91% |
1 Yr | 33.4% | 6.3% | 59.1% | 76.71% |
3 Yr | 9.3%* | -28.2% | 25.2% | 31.28% |
5 Yr | 18.5%* | -13.0% | 30.2% | 21.22% |
10 Yr | N/A* | -4.4% | 19.7% | 31.35% |
* Annualized
Return Ranking - Calendar
Period | NGRDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 30.3% | -74.1% | 72.4% | 55.88% |
2022 | -28.8% | -85.9% | 4.7% | 23.90% |
2021 | 14.6% | -52.4% | 60.5% | 28.66% |
2020 | 24.9% | -34.3% | 145.0% | 55.58% |
2019 | N/A | -6.9% | 49.4% | N/A |
Total Return Ranking - Trailing
Period | NGRDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 19.2% | -0.5% | 42.4% | 74.91% |
1 Yr | 33.4% | 6.3% | 59.1% | 76.71% |
3 Yr | 9.3%* | -28.2% | 25.2% | 31.28% |
5 Yr | 18.5%* | -13.0% | 30.2% | 21.22% |
10 Yr | N/A* | -4.4% | 19.7% | 29.05% |
* Annualized
Total Return Ranking - Calendar
Period | NGRDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 36.3% | -4.6% | 72.4% | 55.79% |
2022 | -24.2% | -61.7% | 5.6% | 18.84% |
2021 | 27.8% | -39.8% | 118.1% | 14.01% |
2020 | 34.8% | 2.8% | 149.2% | 48.85% |
2019 | N/A | -5.2% | 49.4% | N/A |
NAV & Total Return History
NGRDX - Holdings
Concentration Analysis
NGRDX | Category Low | Category High | NGRDX % Rank | |
---|---|---|---|---|
Net Assets | 2.44 B | 292 K | 287 B | 40.54% |
Number of Holdings | 65 | 2 | 3143 | 44.61% |
Net Assets in Top 10 | 1.24 B | 109 K | 151 B | 41.11% |
Weighting of Top 10 | 51.36% | 0.7% | 205.0% | 60.31% |
Top 10 Holdings
- Microsoft Corp 11.88%
- Amazon.com Inc 7.59%
- NVIDIA Corp 6.71%
- Meta Platforms Inc 5.02%
- Apple Inc 4.74%
- Alphabet Inc 4.27%
- FANATICS HOLDINGS INC CLASS A 4.16%
- Salesforce Inc 2.45%
- Netflix Inc 2.29%
- Visa Inc 2.25%
Asset Allocation
Weighting | Return Low | Return High | NGRDX % Rank | |
---|---|---|---|---|
Stocks | 98.69% | 0.00% | 115.30% | 52.15% |
Cash | 0.78% | 0.00% | 173.52% | 57.90% |
Preferred Stocks | 0.78% | 0.00% | 10.69% | 5.21% |
Other | 0.00% | -31.50% | 50.35% | 50.45% |
Convertible Bonds | 0.00% | 0.00% | 1.94% | 37.14% |
Bonds | 0.00% | 0.00% | 103.97% | 39.41% |
Stock Sector Breakdown
Weighting | Return Low | Return High | NGRDX % Rank | |
---|---|---|---|---|
Technology | 32.70% | 0.00% | 65.70% | 62.68% |
Consumer Cyclical | 15.12% | 0.00% | 62.57% | 53.96% |
Financial Services | 14.41% | 0.00% | 43.06% | 15.11% |
Communication Services | 10.22% | 0.00% | 66.40% | 52.25% |
Healthcare | 9.67% | 0.00% | 39.76% | 79.32% |
Industrials | 6.72% | 0.00% | 30.65% | 43.26% |
Consumer Defense | 5.28% | 0.00% | 25.50% | 25.81% |
Utilities | 1.78% | 0.00% | 16.07% | 9.53% |
Real Estate | 1.67% | 0.00% | 16.05% | 36.33% |
Energy | 1.44% | 0.00% | 41.09% | 33.36% |
Basic Materials | 0.98% | 0.00% | 18.91% | 56.29% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | NGRDX % Rank | |
---|---|---|---|---|
US | 98.69% | 0.00% | 115.30% | 39.68% |
Non US | 0.00% | 0.00% | 75.51% | 57.45% |
NGRDX - Expenses
Operational Fees
NGRDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.59% | 0.01% | 28.71% | 83.42% |
Management Fee | 0.53% | 0.00% | 1.50% | 35.53% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.05% | 0.01% | 1.02% | 23.28% |
Sales Fees
NGRDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 8.50% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
NGRDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.75% | 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.
NGRDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 28.00% | 0.00% | 316.74% | 40.90% |
NGRDX - Distributions
Dividend Yield Analysis
NGRDX | Category Low | Category High | NGRDX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.42% | 0.00% | 27.58% | 12.04% |
Dividend Distribution Analysis
NGRDX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
NGRDX | Category Low | Category High | NGRDX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.26% | -6.13% | 3.48% | 13.67% |
Capital Gain Distribution Analysis
NGRDX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 18, 2023 | $0.123 | OrdinaryDividend |
Dec 18, 2023 | $0.021 | CapitalGainShortTerm |
Dec 18, 2023 | $1.002 | CapitalGainLongTerm |
Dec 15, 2022 | $1.269 | CapitalGainLongTerm |
Dec 14, 2021 | $2.984 | OrdinaryDividend |
Dec 14, 2020 | $1.829 | OrdinaryDividend |
Dec 16, 2019 | $0.113 | OrdinaryDividend |
Dec 16, 2019 | $0.425 | CapitalGainShortTerm |
Dec 16, 2019 | $0.679 | CapitalGainLongTerm |
NGRDX - Fund Manager Analysis
Managers
Charles Kantor
Start Date
Tenure
Tenure Rank
Oct 15, 2015
6.63
6.6%
Charles C. Kantor, is a Managing Director of Neuberger Berman and Senior Portfolio Manager for the Neuberger Berman Long Short Strategy. He joined the firm in 2000. Prior to joining the firm, Charles was a managing director of Stern Stewart’s Financial Institutions division. There he assisted clients with implementing EVA-based financial management systems. Charles is co-author of “EVA for Banks: Value Creation, Risk Management, and Profitability Measurement,” Journal of Applied Corporate Finance, Spring 1996, and a participant in “Roundtable on Corporate Disclosure,” Journal of Applied Corporate Finance, Fall 2004. In addition, Charles is a regular commentator on CNBC, as well as a contributor to Barron’s. He earned a Bachelor of Commerce in Accounting and Economics from the University of Cape Town, South Africa and an MBA (with honors) from Harvard University Graduate School of Business.
Marc Regenbaum
Start Date
Tenure
Tenure Rank
Feb 28, 2017
5.25
5.3%
Marc Regenbaum is a Managing Director of NBIA. Mr. Regenbaum joined the Neuberger Berman Investment Advisers LLC in 2007 and has been an Associate Portfolio Manager of the Portfolio since May 2017. Prior to being named Associate Portfolio Manager, Mr. Regenbaum was a Senior Research Analyst for the Long Short and U.S. Equity Team.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 54.45 | 8.24 | 3.08 |