Neuberger Berman International Small Cap Fund
Name
As of 10/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
12.4%
1 yr return
29.7%
3 Yr Avg Return
-2.1%
5 Yr Avg Return
8.3%
Net Assets
$3.71 M
Holdings in Top 10
24.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 11.23%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 22.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
NIOAX - Profile
Distributions
- YTD Total Return 12.4%
- 3 Yr Annualized Total Return -2.1%
- 5 Yr Annualized Total Return 8.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.17%
- Dividend Yield 1.2%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameNeuberger Berman International Small Cap Fund
-
Fund Family NameNeuberger Berman
-
Inception DateDec 08, 2016
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid Bunan
Fund Description
To pursue its goal, the Fund invests mainly in common stocks of foreign companies, including companies in developed and emerging markets. The Fund defines a foreign company as one that is organized outside of the United States and conducts the majority of its business abroad. Under normal circumstances, the Fund will invest at least 80% of its net assets in common stocks of small-capitalization companies, which it defines as those with a total market capitalization of no more than $5 billion at the time of purchase.
In picking stocks, the Portfolio Manager looks for what he believes to be well-managed and profitable companies that show growth potential and whose stock prices are undervalued. Factors in identifying these firms may include strong fundamentals, such as attractive cash flows and balance sheets, as well as prices that are attractive in light of projected returns. The Portfolio Manager also considers the outlooks for various countries and sectors around the world, examining economic, market, social, and political conditions.
The Fund seeks to reduce risk by diversifying among many companies and industries. Although the Fund has the flexibility to invest a significant portion of its assets in one country or region, it generally intends to remain well-diversified across countries and geographical regions. At times, the Portfolio Manager may emphasize certain sectors or industries that he believes offers a better risk/reward opportunity.
As part of his fundamental investment analysis the Portfolio Manager considers Environmental, Social and Governance (ESG) factors he believes 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 Manager believes 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 Portfolio Manager follows 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, or when other opportunities appear more attractive.
The Fund will not change its strategy of normally investing at least 80% of its net assets, plus the amount of borrowings for investment purposes, in small-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.
NIOAX - Performance
Return Ranking - Trailing
Period | NIOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 12.4% | -4.8% | 18.1% | 18.49% |
1 Yr | 29.7% | -0.3% | 38.0% | 19.33% |
3 Yr | -2.1%* | -23.5% | 1.0% | 20.18% |
5 Yr | 8.3%* | -8.6% | 11.2% | 14.68% |
10 Yr | N/A* | 2.3% | 8.4% | N/A |
* Annualized
Return Ranking - Calendar
Period | NIOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.4% | -16.8% | 28.8% | 60.50% |
2022 | -30.1% | -46.4% | -21.4% | 43.48% |
2021 | 10.5% | -30.6% | 16.4% | 7.34% |
2020 | 17.5% | 0.3% | 62.2% | 56.88% |
2019 | 28.3% | 9.7% | 44.0% | 16.98% |
Total Return Ranking - Trailing
Period | NIOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 12.4% | -4.8% | 18.1% | 18.49% |
1 Yr | 29.7% | -0.3% | 38.0% | 19.33% |
3 Yr | -2.1%* | -23.5% | 1.0% | 20.18% |
5 Yr | 8.3%* | -8.6% | 11.2% | 14.68% |
10 Yr | N/A* | 2.3% | 8.4% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | NIOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 10.9% | -16.5% | 30.7% | 70.59% |
2022 | -26.5% | -46.4% | -18.5% | 30.43% |
2021 | 15.8% | -30.6% | 24.7% | 15.60% |
2020 | 21.5% | 1.6% | 68.3% | 53.21% |
2019 | 28.8% | 9.7% | 44.0% | 36.79% |
NAV & Total Return History
NIOAX - Holdings
Concentration Analysis
NIOAX | Category Low | Category High | NIOAX % Rank | |
---|---|---|---|---|
Net Assets | 3.71 M | 25.2 K | 6.45 B | 98.32% |
Number of Holdings | 68 | 36 | 1313 | 74.79% |
Net Assets in Top 10 | 933 K | 933 K | 1.04 B | 99.16% |
Weighting of Top 10 | 24.53% | 9.6% | 59.9% | 38.66% |
Top 10 Holdings
- State Street Navigator Securities Lending Government Money Market Portfolio 5.43%
- State Street Institutional Treasury Money Market Fund 3.29%
- Fugro NV 2.21%
- Diploma PLC 2.11%
- Accelleron Industries AG 2.08%
- Nichias Corp 1.99%
- Kemira Oyj 1.89%
- Ulvac Inc 1.88%
- YAMABIKO Corp 1.87%
- Sweco AB 1.78%
Asset Allocation
Weighting | Return Low | Return High | NIOAX % Rank | |
---|---|---|---|---|
Stocks | 96.02% | 91.79% | 101.99% | 72.27% |
Cash | 8.72% | 0.00% | 8.72% | 2.52% |
Preferred Stocks | 0.00% | 0.00% | 7.13% | 84.03% |
Other | 0.00% | 0.00% | 4.63% | 82.35% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 78.15% |
Bonds | 0.00% | 0.00% | 2.77% | 78.15% |
NIOAX - Expenses
Operational Fees
NIOAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 11.23% | 0.01% | 41.09% | 4.20% |
Management Fee | 1.11% | 0.00% | 1.75% | 86.55% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 48.98% |
Administrative Fee | 0.26% | 0.05% | 0.26% | 96.88% |
Sales Fees
NIOAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.75% | 3.50% | 5.75% | 37.50% |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
NIOAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 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.
NIOAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 22.00% | 8.00% | 236.00% | 33.33% |
NIOAX - Distributions
Dividend Yield Analysis
NIOAX | Category Low | Category High | NIOAX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.20% | 0.00% | 5.44% | 41.18% |
Dividend Distribution Analysis
NIOAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
NIOAX | Category Low | Category High | NIOAX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.17% | -1.81% | 1.51% | 64.04% |
Capital Gain Distribution Analysis
NIOAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 15, 2023 | $0.179 | OrdinaryDividend |
Dec 16, 2022 | $0.605 | CapitalGainLongTerm |
Dec 15, 2021 | $0.782 | OrdinaryDividend |
Dec 14, 2020 | $0.491 | OrdinaryDividend |
Dec 16, 2019 | $0.048 | OrdinaryDividend |
Dec 17, 2018 | $0.184 | CapitalGainLongTerm |
Dec 15, 2017 | $0.118 | OrdinaryDividend |
Dec 15, 2017 | $0.724 | CapitalGainShortTerm |
NIOAX - Fund Manager Analysis
Managers
David Bunan
Start Date
Tenure
Tenure Rank
Dec 08, 2016
5.48
5.5%
David Bunan, Managing Director, joined the firm in 2008. David is a Portfolio Manager for the International Small Cap Equity strategy. In addition, he is a Senior Research Analyst on the Global Equity team covering Industrials and Chemicals sectors. Prior to joining the firm, David covered international equities for Tocqueville Asset Management. He began his career in 1998 in Paris as an equity analyst and also worked as a consultant. David received a Masters in Literature (Universite Paris-X), an Advanced Studies Degree in Philosophy from the Ecole des Hautes Etudes en Sciences Sociales (Paris) and an Executive MBA from the Stern School of Business at New York University.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.17 | 28.52 | 5.76 | 0.17 |