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Name

As of 06/01/2026

Price

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

Neuberger Small Cap Growth Fund

NSRSX | Fund

$60.78

$657 M

0.00%

1.01%

Vitals

YTD Return

17.3%

1 yr return

37.4%

3 Yr Avg Return

19.9%

5 Yr Avg Return

7.9%

Net Assets

$657 M

Holdings in Top 10

23.2%

52 WEEK LOW AND HIGH

$61.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.01%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 127.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/01/2026

Price

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

Neuberger Small Cap Growth Fund

NSRSX | Fund

$60.78

$657 M

0.00%

1.01%

NSRSX - Profile

Distributions

  • YTD Total Return 17.3%
  • 3 Yr Annualized Total Return 19.9%
  • 5 Yr Annualized Total Return 7.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.58%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Neuberger Small Cap Growth Fund
  • Fund Family Name
    Neuberger Berman
  • Inception Date
    Sep 07, 2018
  • Shares Outstanding
    N/A
  • Share Class
    R6
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Kenneth Turek

Fund Description

To pursue its goal, the Fund normally invests at least 80% of its net assets in common stocks of small-capitalization companies, which it defines as those with a market capitalization within the market capitalization range of the Russell 2000® Index at the time of initial purchase. Although the Fund invests primarily in domestic securities, it may also invest in securities of foreign companies.
The Fund’s strategy utilizes a qualitative, bottom-up research driven approach to identify companies that the Portfolio Managers believe have catalysts for growth which are underappreciated by the market. The Portfolio Managers seek to invest in underappreciated companies with the following characteristics: durable and potentially unique business models and/or proficient management capable of advancing the development of and/or strengthening of sustainable and consistent revenue growth, cash
flow growth, earnings growth and/or overall balance sheet strength. Such catalysts may include a new technology, product or service, a regulatory update, market share gains, cyclical inflections (e.g. companies whose returns are driven by macro-economic factors), corporate restructurings or self-help initiatives (e.g. internal operating efforts to increase company efficiencies). The Portfolio Managers may also invest in anticipation of a catalyst.
In analyzing catalysts, the Portfolio Managers evaluate each catalyst’s uniqueness, timing, growth potential and sustainability, as well as assessing execution risks, competitive barriers and threats. The Portfolio Managers are also attempting to exploit market inefficiencies that potentially may exist within the small-capitalization market, due to the number of companies that comprise the investable universe and the limited amount of available research that exists for some of those companies. Investable companies emerging from the Portfolio Manager’s bottom-up fundamental, qualitative and valuation analysis fall into the following investment classifications:
Core investments: are typically more mature companies, engaged with, and participating in, compelling secular growth trends, that the Portfolio Managers believe offer a demonstrated history of consistent execution and results. These tend to represent multi-year holdings of the strategy.
Turn investments: represent holdings in a wide range of corporate development and maturity stages and are generally driven by what the Portfolio Managers believe to be a distinct developing catalyst, such as a new product or service, market share gains or internal corporate self-help opportunities to improve operating efficiencies.
Tactical investments: represent holdings with a shorter-term investment horizon due to catalysts the Portfolio Managers believe are typically associated with cyclical trends and opportunities, a disconnect with market expectations providing an opportunity on valuation or a new product, or financial or regulatory developments that could have a material impact on the company.
Tactical investments have the potential to grow into Turn investments, while compelling Turn investments will ideally develop into Core investments.
The Fund seeks to reduce risk by diversifying among many companies, sectors and industries. At times, the Portfolio Managers may emphasize certain sectors that they believe will benefit from market or economic trends.
The Portfolio Managers constantly monitor their holdings and are focused on maintaining what they believe is an appropriate and attractive risk/reward balance with a disciplined sell process that acts quickly and dispassionately to address both positive and negative outcomes. A position is typically trimmed or exited for the following reasons: to harvest gains from significant short-term price appreciation, the positive realization of a catalyst, the achievement of a price target or elevated valuations, identification of a better idea, to minimize potential risks, to address an absence of near-term drivers or catalysts, a significant deterioration of fundamentals, a change in management or operating strategy or the failure of a catalyst to develop.
In an effort to achieve its goal, the Fund may engage in active and frequent trading that involves initiating new positions, resizing current positions in response to material developments and in order to maintain an appropriate and attractive risk/reward balance and fully exiting positions in favor of new ideas.
The Fund will not change its strategy of normally investing at least 80% of its net assets 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.
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NSRSX - Performance

Return Ranking - Trailing

Period NSRSX Return Category Return Low Category Return High Rank in Category (%)
YTD 17.3% -21.0% 75.2% 39.20%
1 Yr 37.4% -22.1% 123.6% 29.40%
3 Yr 19.9%* -5.4% 37.8% 20.80%
5 Yr 7.9%* -8.3% 38.7% 15.65%
10 Yr N/A* 4.4% 26.8% 15.72%

* Annualized

Return Ranking - Calendar

Period NSRSX Return Category Return Low Category Return High Rank in Category (%)
2025 3.3% -58.0% 42.0% 43.60%
2024 25.6% -63.4% 62.9% 6.20%
2023 10.2% -20.5% 54.6% 76.91%
2022 -24.2% -82.1% 32.2% 13.79%
2021 -12.6% -90.6% 300.1% 63.67%

Total Return Ranking - Trailing

Period NSRSX Return Category Return Low Category Return High Rank in Category (%)
YTD 17.3% -21.0% 75.2% 39.20%
1 Yr 37.4% -22.1% 123.6% 29.40%
3 Yr 19.9%* -5.4% 37.8% 20.80%
5 Yr 7.9%* -8.3% 38.7% 15.65%
10 Yr N/A* 4.4% 26.8% 14.61%

* Annualized

Total Return Ranking - Calendar

Period NSRSX Return Category Return Low Category Return High Rank in Category (%)
2025 10.2% -23.5% 42.0% 37.20%
2024 26.2% -3.8% 68.8% 6.20%
2023 10.2% -19.0% 54.6% 85.34%
2022 -24.2% -59.9% 32.2% 26.77%
2021 4.6% -22.7% 411.9% 72.65%

NAV & Total Return History

NSRSX - Holdings

Concentration Analysis

NSRSX Category Low Category High NSRSX % Rank
Net Assets 657 M 4.59 M 42.8 B 56.40%
Number of Holdings 99 7 1223 55.20%
Net Assets in Top 10 112 M 393 K 3.7 B 58.80%
Weighting of Top 10 23.15% 9.3% 100.0% 50.90%

Top 10 Holdings

  1. Rambus Inc 2.94%
  2. Piper Sandler Cos 2.59%
  3. FirstCash Holdings Inc 2.52%
  4. Fabrinet 2.40%
  5. InterDigital Inc 2.35%
  6. RadNet Inc 2.27%
  7. Dave Inc 2.10%
  8. State Street Navigator Securities Lending Government Money Market Portfolio 2.03%
  9. Bloom Energy Corp 1.99%
  10. Zurn Elkay Water Solutions Corp 1.97%

Asset Allocation

Weighting Return Low Return High NSRSX % Rank
Stocks 		104.64% 90.58% 106.14% 1.60%
Cash 		2.03% 0.00% 33.61% 50.40%
Preferred Stocks 		0.00% 0.00% 5.64% 79.00%
Other 		0.00% -0.55% 6.22% 76.00%
Convertible Bonds 		0.00% 0.00% 1.57% 75.60%
Bonds 		0.00% 0.00% 4.40% 76.80%

Stock Sector Breakdown

Weighting Return Low Return High NSRSX % Rank
Technology 		26.14% 2.91% 75.51% 45.40%
Healthcare 		23.93% 0.00% 47.90% 44.80%
Industrials 		16.57% 0.00% 36.64% 60.00%
Consumer Cyclical 		12.02% 0.00% 24.04% 56.40%
Energy 		7.42% 0.00% 55.49% 7.80%
Financial Services 		6.49% 0.00% 42.95% 55.20%
Consumer Defense 		5.31% 0.00% 13.56% 24.20%
Basic Materials 		1.60% 0.00% 9.24% 70.60%
Communication Services 		0.54% 0.00% 15.31% 81.60%
Utilities 		0.00% 0.00% 4.68% 83.60%
Real Estate 		0.00% 0.00% 15.31% 93.20%

Stock Geographic Breakdown

Weighting Return Low Return High NSRSX % Rank
US 		104.64% 11.05% 106.14% 1.60%
Non US 		0.00% 0.00% 84.43% 80.00%

NSRSX - Expenses

Operational Fees

NSRSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.01% 0.05% 7.92% 68.40%
Management Fee 0.88% 0.04% 1.62% 74.95%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.01% 0.40% 30.00%

Sales Fees

NSRSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

NSRSX 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.

NSRSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 127.00% 3.00% 264.00% 92.48%

NSRSX - Distributions

Dividend Yield Analysis

NSRSX Category Low Category High NSRSX % Rank
Dividend Yield 0.00% 0.00% 6.91% 81.00%

Dividend Distribution Analysis

NSRSX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

NSRSX Category Low Category High NSRSX % Rank
Net Income Ratio -0.58% -2.47% 1.10% 38.46%

Capital Gain Distribution Analysis

NSRSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

NSRSX - Fund Manager Analysis

Managers

Kenneth Turek

Start Date

Tenure

Tenure Rank

Nov 19, 2015

6.53

6.5%

Turek is a vice present of NBMI and managing director of Neuberger Berman , LLC. He joined the firm in 2002. Previously, he spent five years as a vice president and senior portfolio manager in institutional asset management at Northern Trust. Additionally, he was a portfolio manager at National Investment Services and Chief Investment Officer at ColeTaylor Bank. Mr. Turek holds a BA from the University of Wisconsin at Madison and an MBA from DePaul University. He holds the Chartered Financial Analyst designation.

Trevor Moreno

Start Date

Tenure

Tenure Rank

Nov 19, 2015

6.53

6.5%

Trevor Moreno, CFA, Senior Vice President, joined the firm in May of 2014. Trevor is a Portfolio Manager on the Small Cap Growthstrategy and a Associate Portfolio Manager on the Mid Cap Growth strategy. In addition, he is a Research Analyst for the Growth Equity Group, coveringthe Information Technology sector for both small cap growth and mid cap growth. Prior to joining the firm, he held assistant portfolio manager and analyst positions at Wells Capital Management and Strong Capital Management before that. He began his career at Parker Hannifin Corporation as a staff accountant and a financial analyst. He earned a BS in Accounting and Finance from the Kelley School of Business at Indiana University, as well as an MBA from the Kelley School of Business at Indiana University. Trevor has been awarded the Chartered Financial Analyst designation.

Chad Bruso

Start Date

Tenure

Tenure Rank

Nov 19, 2015

6.53

6.5%

Chad A. Bruso, CFA, Senior Vice President, joined the firm in 2006. Chad is part of the Growth Equity Group which is responsible for Neuberger Berman’s Mid Cap Growth and Small Cap Growth strategies. He is an Associate Portfolio Manager on Small Cap Growth and Senior Research Analyst covering the Industrial and Consumer sectors for Mid Cap Growth. Prior to joining the firm, he was both a vice president and transportation analyst at Morgan Stanley. Chad began his career as a senior consultant at Arthur Andersen. He earned a Bachelor of Finance from the University of Illinois at Urbana-Champaign. Chad has been awarded the Chartered Financial Analyst designation.

Jennifer Blachford

Start Date

Tenure

Tenure Rank

Dec 17, 2021

0.45

0.5%

Jennifer Blachford, Senior Vice President, joined the firm in 2019. Jennifer is part of the Growth Equity Group which is responsible for Neuberger Berman’s Mid Cap Growth and Small Cap Growth strategies. She is a Senior Research Analyst covering the Healthcare sector for Small Cap and Mid Cap Growth. Prior to joining, Jennifer served in a variety of senior roles including Portfolio Manager at Arcoda Capital Management. Jennifer began her career in 1998 as an analyst at Suffolk Capital Management. She earned an AB from Princeton University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.44 9.26 5.25

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