Neuberger Large Cap Value Fund
Fund
NRLCX
Price as of:
$59.66
+ $0.05
+ 0.08%
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
17.4%
1 yr return
36.7%
3 Yr Avg Return
17.0%
5 Yr Avg Return
9.2%
Net Assets
$9.61 B
Holdings in Top 10
32.0%
52 WEEK LOW AND HIGH
$59.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.50%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 89.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
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
NRLCX - Profile
Distributions
- YTD Total Return 17.4%
- 3 Yr Annualized Total Return 17.0%
- 5 Yr Annualized Total Return 9.2%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.95%
- Dividend Yield 1.6%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameNeuberger Large Cap Value Fund
-
Fund Family NameNeuberger Berman
-
Inception DateFeb 07, 2019
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerEli Salzmann
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® Value Index at the time of purchase.
The Portfolio Managers look for what they believe to be well-managed companies whose stock prices are undervalued. The Portfolio Managers seek to identify companies with catalysts that they believe have the potential to improve the companies’ earnings from depressed levels. Such catalysts may include: management changes, restructurings, new products, new services, or new markets. The Portfolio Managers may also look for other characteristics in a company, such as a strong market position relative to competitors, a high level of stock ownership among management, and a recent sharp decline in stock price that appears to be the result of a short-term market overreaction to negative news.
Although the Fund invests primarily in domestic stocks, it may also invest in stocks of foreign companies. The Fund may also invest in real estate investment trusts (“REITs”).
The Fund seeks to reduce risk by diversifying among many companies and industries. At times, the Portfolio Managers may emphasize certain sectors or industries that they believe are undervalued relative to their historical valuations.
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 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, or when other opportunities appear more attractive. In an effort to achieve its goal, the Fund may have elevated portfolio turnover.
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.
NRLCX - Performance
Return Ranking - Trailing
| Period | NRLCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.4% | -6.3% | 48.0% | 2.52% |
| 1 Yr | 36.7% | -0.8% | 92.5% | 3.99% |
| 3 Yr | 17.0%* | -0.2% | 43.3% | 50.37% |
| 5 Yr | 9.2%* | 0.2% | 25.0% | 64.02% |
| 10 Yr | N/A* | 4.0% | 27.7% | 1.08% |
* Annualized
Return Ranking - Calendar
| Period | NRLCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 13.4% | -43.6% | 32.4% | 13.43% |
| 2024 | 8.6% | -34.7% | 47.5% | 29.91% |
| 2023 | -4.2% | -16.9% | 46.1% | 96.53% |
| 2022 | -2.7% | -43.2% | 4.6% | 4.46% |
| 2021 | 21.7% | -44.1% | 57.5% | 25.49% |
Total Return Ranking - Trailing
| Period | NRLCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.4% | -6.3% | 48.0% | 2.52% |
| 1 Yr | 36.7% | -0.8% | 92.5% | 3.99% |
| 3 Yr | 17.0%* | -0.2% | 43.3% | 50.37% |
| 5 Yr | 9.2%* | 0.2% | 25.0% | 64.02% |
| 10 Yr | N/A* | 4.0% | 27.7% | 1.06% |
* Annualized
Total Return Ranking - Calendar
| Period | NRLCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 21.0% | -0.4% | 32.7% | 7.03% |
| 2024 | 11.2% | -17.4% | 47.5% | 78.91% |
| 2023 | -1.5% | -15.9% | 46.7% | 98.63% |
| 2022 | -1.0% | -42.0% | 8.5% | 12.85% |
| 2021 | 28.4% | 6.9% | 129.7% | 24.62% |
NAV & Total Return History
NRLCX - Holdings
Concentration Analysis
| NRLCX | Category Low | Category High | NRLCX % Rank | |
|---|---|---|---|---|
| Net Assets | 9.61 B | 2.59 M | 238 B | 16.26% |
| Number of Holdings | 81 | 2 | 1671 | 49.21% |
| Net Assets in Top 10 | 3.02 B | 603 K | 47.6 B | 14.90% |
| Weighting of Top 10 | 31.96% | 4.5% | 99.2% | 34.91% |
Top 10 Holdings
- Exxon Mobil Corp 5.04%
- State Street Institutional US Government Money Market Fund 5.01%
- Southern Copper Corp 4.09%
- Johnson Johnson 3.26%
- Boeing Co/The 3.03%
- JPMorgan Chase Co 2.79%
- Chevron Corp 2.66%
- CME Group Inc 2.10%
- Freeport-McMoRan Inc 2.03%
- Medtronic PLC 1.95%
Asset Allocation
| Weighting | Return Low | Return High | NRLCX % Rank | |
|---|---|---|---|---|
| Stocks | 94.79% | 3.70% | 130.75% | 90.98% |
| Cash | 6.66% | 0.00% | 26.41% | 5.14% |
| Preferred Stocks | 0.00% | 0.00% | 22.62% | 36.73% |
| Other | 0.00% | -1.51% | 19.37% | 46.80% |
| Convertible Bonds | 0.00% | 0.00% | 3.66% | 34.00% |
| Bonds | 0.00% | 0.00% | 127.82% | 35.36% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | NRLCX % Rank | |
|---|---|---|---|---|
| Financial Services | 20.06% | 0.00% | 58.05% | 42.41% |
| Healthcare | 18.14% | 0.00% | 27.67% | 43.04% |
| Consumer Defense | 15.21% | 0.00% | 34.10% | 6.75% |
| Industrials | 14.82% | 0.00% | 42.76% | 11.18% |
| Basic Materials | 12.22% | 0.00% | 20.01% | 1.27% |
| Energy | 9.38% | 0.00% | 54.00% | 28.06% |
| Consumer Cyclical | 5.91% | 0.00% | 22.74% | 46.31% |
| Utilities | 2.99% | 0.00% | 27.04% | 70.25% |
| Technology | 0.96% | 0.00% | 54.02% | 98.63% |
| Communication Services | 0.30% | 0.00% | 26.58% | 96.10% |
| Real Estate | 0.00% | 0.00% | 90.54% | 89.56% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | NRLCX % Rank | |
|---|---|---|---|---|
| US | 94.79% | 3.70% | 130.75% | 73.24% |
| Non US | 0.00% | 0.00% | 27.70% | 52.36% |
NRLCX - Expenses
Operational Fees
| NRLCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.50% | 0.03% | 7.64% | 85.04% |
| Management Fee | 0.47% | 0.00% | 1.50% | 30.21% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.05% | 0.01% | 0.50% | 17.44% |
Sales Fees
| NRLCX 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 | 0.95% | 4.00% | N/A |
Trading Fees
| NRLCX 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.
| NRLCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 89.00% | 0.00% | 240.00% | 87.06% |
NRLCX - Distributions
Dividend Yield Analysis
| NRLCX | Category Low | Category High | NRLCX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.55% | 0.00% | 16.67% | 50.63% |
Dividend Distribution Analysis
| NRLCX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| NRLCX | Category Low | Category High | NRLCX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.95% | -1.51% | 4.28% | 17.88% |
Capital Gain Distribution Analysis
| NRLCX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 15, 2025 | $0.926 | OrdinaryDividend |
| Dec 15, 2025 | $0.128 | CapitalGainShortTerm |
| Dec 15, 2025 | $2.331 | CapitalGainLongTerm |
| Dec 16, 2024 | $1.090 | OrdinaryDividend |
| Dec 18, 2023 | $1.150 | OrdinaryDividend |
| Dec 15, 2022 | $0.779 | OrdinaryDividend |
| Dec 14, 2021 | $2.346 | OrdinaryDividend |
| Dec 14, 2020 | $0.665 | OrdinaryDividend |
| Dec 16, 2019 | $0.638 | OrdinaryDividend |
| Dec 16, 2019 | $0.031 | CapitalGainShortTerm |
| Dec 16, 2019 | $0.654 | CapitalGainLongTerm |
NRLCX - Fund Manager Analysis
Managers
Eli Salzmann
Start Date
Tenure
Tenure Rank
Dec 16, 2011
10.46
10.5%
Eli M. Salzmann, Managing Director, is the lead Portfolio Manager for Large Cap Value. Prior to joining the firm, Eli spent nearly 14 years at Lord Abbett & Co. LLC as the lead portfolio manager, partner and director of large cap value. Eli received an MBA from New York University and a BA from Princeton University.
David Levine
Start Date
Tenure
Tenure Rank
Apr 01, 2021
1.16
1.2%
David Levine, CFA, Senior Vice President, is an Associate Portfolio Manager on the Large Cap Value Fund. Since joining the firm’s Risk Arbitrage group in 1995, he has held a number of other portfolio management positions for multiple portfolio management teams, serving institutional and mutual fund clients. David earned a Bachelor’s of Engineering from The Cooper Union for the Advancement of Science and Art, and has been awarded the Chartered Financial Analyst designation
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.13 | 86.59 | 8.32 | 6.71 |