Neuberger Intrinsic Value Fund
Fund
NINCX
Price as of:
$27.22
- $0.08
- 0.29%
Primary Theme
fund company
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
22.0%
1 yr return
56.7%
3 Yr Avg Return
17.7%
5 Yr Avg Return
6.4%
Net Assets
$1.4 B
Holdings in Top 10
26.4%
52 WEEK LOW AND HIGH
$27.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 2.07%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 23.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 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
NINCX - Profile
Distributions
- YTD Total Return 22.0%
- 3 Yr Annualized Total Return 17.7%
- 5 Yr Annualized Total Return 6.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.65%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameNeuberger Intrinsic Value Fund
-
Fund Family NameNeuberger Berman
-
Inception DateJul 08, 1997
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAmit Solomon
Fund Description
To pursue its goal, the Fund invests mainly in common stocks of small- and mid-capitalization companies, which it defines as those companies with a total market value between $50 million and $10 billion at the time the Fund first invests in them. The Fund may continue to hold or add to a position in a stock after the company’s market value has increased above or decreased below this range.
The Fund’s strategy consists of using a bottom-up, research driven approach to identify stocks of companies that are available at market prices below the Portfolio Managers’ estimate of their intrinsic value and that the Portfolio Managers believe have the potential for appreciation in value over time. The Portfolio Managers’ estimate of a company’s intrinsic value represents their view of the company’s true, long-term economic value, the market’s view of which may be currently distorted by market inefficiencies. The intrinsic value estimate represents what the Portfolio Managers believe a company could be worth if it is acquired, if its profitability returns to its long-term average level, or if its valuation moves in line with those companies that the Portfolio Managers see as its publicly traded peers.
The Portfolio Managers believe that while markets are often efficient, certain investment opportunities tend to be mispriced due to market inefficiencies. For example, market inefficiencies may exist at times in the small capitalization segment of the market due to a lack of widely available research on these companies. The Portfolio Managers attempt to exploit these market inefficiencies and look for opportunities to invest in companies they believe to be undervalued, such as companies with the following characteristics:
■
Complex Companies: These companies typically have multiple lines of business that are in different industries or sectors and/or that have different growth rates and profitability characteristics.
Cyclical Companies: These companies typically have ebbs and flows in their business depending on demand patterns for their products, the length of product cycles, or other transient factors.
■
Companies in a Period of Interrupted Growth: Typically, these are companies in attractive, high growth markets that have suffered what the Portfolio Managers believe is a temporary setback and/or are in transition to a more mature, lower growth business model that focuses more on current earnings than on rapid growth.
In seeking to identify these types of companies, the Portfolio Managers perform an initial screening to identify those companies that have stock prices that are trailing the performance of the overall market and that the Portfolio Managers believe are attractive relative to current cash flows. Next, the Portfolio Managers establish an estimate of a company’s intrinsic value. The Portfolio Managers will invest in a company’s stock on the basis of the company’s discount to the Portfolio Managers’ estimate of intrinsic value and the Portfolio Managers’ belief in its potential for appreciation over time. In addition, the Portfolio Managers may invest in anticipation of a catalyst, such as a merger, liquidation, spin off, or management change. The Portfolio Managers will typically visit a company and interview its management team to help understand management’s incentives (such as equity ownership in the company and compensation plans), the merits of its strategic plan, and other factors that have the potential to increase the value of the company’s stock. The Portfolio Managers also integrate governance factors into the investment process. They seek to invest in companies that have effective and independent boards composed of diverse, and currently active, CEOs and other C-level executives. They look for companies where management and shareholder interests are aligned (often through high ownership of the company by management), with long-term incentive plans and CEO and management compensation and succession plans in place. The Portfolio Managers also seek out companies that have full transparency and disclosure, effective capital deployment strategies and value enhancing merger and acquisition policies. When appropriate, the Portfolio Managers may engage with portfolio companies on a variety of topics, including governance, strategy and financing in an effort to enhance shareholder value. The Portfolio Managers may also engage with portfolio companies on financially material environmental and social issues.
The Portfolio Managers establish an intrinsic value for a company’s stock when it is purchased and then continue to evaluate the company’s stock price versus their estimate of its intrinsic value to determine whether to maintain, add to, reduce or eliminate the position. The Portfolio Managers typically reduce or eliminate a position in a company’s stock if the stock’s price appreciates and the company’s discount to their estimate of its intrinsic value narrows. The Portfolio Managers’ decision to reduce or eliminate a position in a particular stock may also be driven by their belief that another company’s stock has a wider discount to their estimate of its intrinsic value. Changes in a company’s management or corporate strategy, or the failure of a company to perform as expected, may also cause the Portfolio Managers to reduce or eliminate a position in that company’s stock.
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. This includes seeking to identify and engage with issuers where the Portfolio Managers believe an improvement in a financially material environmental, social and governance factor may enhance shareholder value. Accordingly, this may result in the Fund making an investment in a company with one or more financially material environmental, social and governance risks at the time of investments. While consideration of financially material environmental, social and governance factors 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 and environmental, social and governance factors may not be deemed financially material to other investments. 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 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.
At times, the Portfolio Managers may emphasize certain sectors that they believe will benefit from market or economic trends.
NINCX - Performance
Return Ranking - Trailing
| Period | NINCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 22.0% | -3.4% | 36.4% | 5.93% |
| 1 Yr | 56.7% | -2.2% | 70.4% | 3.27% |
| 3 Yr | 17.7%* | 0.0% | 27.0% | 37.83% |
| 5 Yr | 6.4%* | -5.7% | 28.4% | 50.52% |
| 10 Yr | 11.3%* | 2.2% | 15.5% | 23.42% |
* Annualized
Return Ranking - Calendar
| Period | NINCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 11.8% | -59.8% | 21.0% | 5.92% |
| 2024 | 6.1% | -45.8% | 22.7% | 41.84% |
| 2023 | 11.6% | -19.9% | 29.0% | 66.94% |
| 2022 | -24.1% | -59.3% | 118.2% | 77.89% |
| 2021 | 16.9% | -27.4% | 39.3% | 21.97% |
Total Return Ranking - Trailing
| Period | NINCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 22.0% | -3.4% | 36.4% | 5.93% |
| 1 Yr | 56.7% | -2.2% | 70.4% | 3.27% |
| 3 Yr | 17.7%* | 0.0% | 27.0% | 37.83% |
| 5 Yr | 6.4%* | -5.7% | 28.4% | 50.52% |
| 10 Yr | 11.3%* | 2.2% | 15.5% | 23.42% |
* Annualized
Total Return Ranking - Calendar
| Period | NINCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 16.9% | -7.3% | 22.4% | 4.29% |
| 2024 | 7.1% | -14.7% | 32.4% | 84.90% |
| 2023 | 11.9% | -7.1% | 31.8% | 88.30% |
| 2022 | -21.0% | -45.2% | 123.7% | 90.29% |
| 2021 | 25.0% | 0.0% | 45.6% | 40.59% |
NAV & Total Return History
NINCX - Holdings
Concentration Analysis
| NINCX | Category Low | Category High | NINCX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.4 B | 825 K | 177 B | 30.20% |
| Number of Holdings | 99 | 2 | 2429 | 68.98% |
| Net Assets in Top 10 | 343 M | 164 K | 14 B | 22.04% |
| Weighting of Top 10 | 26.40% | 3.9% | 110.2% | 21.72% |
Top 10 Holdings
- Viasat Inc 4.77%
- Resideo Technologies Inc 3.32%
- Ormat Technologies Inc 2.71%
- AerCap Holdings NV 2.60%
- Enviri Corp 2.44%
- Veeco Instruments Inc 2.29%
- IPG Photonics Corp 2.17%
- Huntington Bancshares Inc/OH 2.07%
- KBR Inc 2.07%
- Rambus Inc 1.96%
Asset Allocation
| Weighting | Return Low | Return High | NINCX % Rank | |
|---|---|---|---|---|
| Stocks | 98.87% | 4.13% | 107.43% | 37.55% |
| Cash | 1.14% | 0.00% | 41.75% | 68.37% |
| Convertible Bonds | 0.83% | 0.00% | 3.17% | 1.84% |
| Other | 0.05% | -0.09% | 55.42% | 26.53% |
| Preferred Stocks | 0.00% | 0.00% | 2.27% | 73.67% |
| Bonds | 0.00% | 0.00% | 148.81% | 76.33% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | NINCX % Rank | |
|---|---|---|---|---|
| Technology | 32.56% | 0.00% | 43.95% | 1.45% |
| Industrials | 15.95% | 8.23% | 37.42% | 55.79% |
| Consumer Cyclical | 11.91% | 0.99% | 47.79% | 31.40% |
| Healthcare | 11.01% | 0.00% | 26.53% | 70.25% |
| Energy | 7.55% | 0.00% | 37.72% | 23.14% |
| Financial Services | 6.84% | 0.00% | 34.45% | 97.93% |
| Communication Services | 4.52% | 0.00% | 14.85% | 11.16% |
| Utilities | 4.08% | 0.00% | 18.58% | 15.08% |
| Basic Materials | 2.47% | 0.00% | 16.91% | 94.42% |
| Consumer Defense | 1.82% | 0.00% | 18.87% | 89.67% |
| Real Estate | 1.30% | 0.00% | 29.43% | 93.39% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | NINCX % Rank | |
|---|---|---|---|---|
| US | 98.87% | 0.00% | 107.43% | 34.08% |
| Non US | 0.00% | 0.00% | 98.75% | 77.55% |
NINCX - Expenses
Operational Fees
| NINCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.07% | 0.02% | 18.26% | 5.13% |
| Management Fee | 1.02% | 0.00% | 1.25% | 98.16% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 95.05% |
| Administrative Fee | 0.26% | 0.01% | 0.45% | 93.67% |
Sales Fees
| NINCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | 1.00% | 1.00% | 5.00% | 74.42% |
Trading Fees
| NINCX 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.
| NINCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 23.00% | 1.00% | 314.00% | 19.86% |
NINCX - Distributions
Dividend Yield Analysis
| NINCX | Category Low | Category High | NINCX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 42.47% | 94.90% |
Dividend Distribution Analysis
| NINCX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Quarterly | Annual |
Net Income Ratio Analysis
| NINCX | Category Low | Category High | NINCX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -1.65% | -2.40% | 2.49% | 99.59% |
Capital Gain Distribution Analysis
| NINCX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 15, 2025 | $1.030 | CapitalGainLongTerm |
| Dec 16, 2024 | $0.199 | CapitalGainLongTerm |
| Dec 18, 2023 | $0.051 | CapitalGainLongTerm |
| Dec 15, 2022 | $0.669 | OrdinaryDividend |
| Dec 14, 2021 | $1.481 | CapitalGainLongTerm |
| Dec 14, 2020 | $0.315 | CapitalGainLongTerm |
| Dec 16, 2019 | $0.060 | CapitalGainShortTerm |
| Dec 16, 2019 | $0.385 | CapitalGainLongTerm |
| Dec 17, 2018 | $0.311 | CapitalGainShortTerm |
| Dec 17, 2018 | $1.556 | CapitalGainLongTerm |
| Dec 15, 2017 | $0.122 | CapitalGainShortTerm |
| Dec 15, 2017 | $0.821 | CapitalGainLongTerm |
| Dec 16, 2016 | $0.049 | CapitalGainShortTerm |
| Dec 16, 2016 | $0.184 | CapitalGainLongTerm |
| Dec 17, 2015 | $0.024 | CapitalGainShortTerm |
| Dec 17, 2015 | $0.748 | CapitalGainLongTerm |
| Dec 15, 2014 | $0.186 | CapitalGainShortTerm |
| Dec 15, 2014 | $0.695 | CapitalGainLongTerm |
| Dec 16, 2013 | $0.041 | CapitalGainShortTerm |
| Dec 16, 2013 | $0.557 | CapitalGainLongTerm |
| Dec 14, 2012 | $0.195 | CapitalGainLongTerm |
| Dec 16, 2011 | $0.043 | CapitalGainShortTerm |
| Dec 16, 2011 | $1.158 | CapitalGainLongTerm |
| Dec 20, 2010 | $0.009 | OrdinaryDividend |
| Dec 20, 2010 | $0.062 | CapitalGainShortTerm |
| Dec 20, 2010 | $0.383 | CapitalGainLongTerm |
NINCX - Fund Manager Analysis
Managers
Amit Solomon
Start Date
Tenure
Tenure Rank
May 10, 2010
12.07
12.1%
Amit Solomon, PhD, is a Managing Director of Neuberger Berman Management LLC and Neuberger Berman LLC. Mr. Solomon joined the firm in 2008. Prior to joining the firm, Mr. Solomon was a principal and senior research analyst at D.J. Greene, the investment adviser to the Fund’s predecessor partnership and account, from 2002 to 2008. D.J. Greene was acquired by Neuberger Berman in 2008.
Benjamin Nahum
Start Date
Tenure
Tenure Rank
May 10, 2010
12.07
12.1%
Benjamin H. Nahum, Managing Director, joined the firm in 2008 when David J. Greene and Company was acquired by Neuberger Berman. Benjamin is the Senior Portfolio Manager for the Neuberger Berman Small Cap Intrinsic Value strategy. Prior to the acquisition, he was an executive vice president andprincipal at David J. Greene and Company, LLC where he managed the small/SMid cap strategies since inception in 1997. During his tenure, small/SMid cap assets under management havegrown from $7.0 million to $2.8 billion at peak. He was also a member of the firm’s investment committee. Previously, Benjamin worked as an analyst and portfolio manager at Lewis Partners, a New York City based hedge fund, and as a special situation analyst and portfolio manager at MKI Securities Corp. He holds a BA from Clark University and a JDfrom Brooklyn Law School.
James McAree
Start Date
Tenure
Tenure Rank
May 10, 2010
12.07
12.1%
James F. McAree is a Senior Vice President of Neuberger Berman Investment Advisers LLC. James F. McAree is a Managing Director of the Manager. Mr. McAree joined the firm in 2008 and has managed the Fund since May 2021. Prior to joining the firm, Mr. McAree was a principal and research analyst at D.J. Greene, the investment adviser to the Fund’s predecessor partnership and account, from 2005 to 2008. D.J. Greene was acquired by Neuberger Berman in 2008. Mr. McAree was a research analyst for the Fund’s predecessors from 2005 to 2010.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 49.61 | 7.09 | 0.54 |