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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 Mid Cap Growth Fund

NMANX | Fund

$16.17

$2.15 B

10.37%

$1.68

0.83%

Vitals

YTD Return

10.3%

1 yr return

11.1%

3 Yr Avg Return

16.9%

5 Yr Avg Return

6.1%

Net Assets

$2.15 B

Holdings in Top 10

31.4%

52 WEEK LOW AND HIGH

$16.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.83%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 42.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/01/2026

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 Mid Cap Growth Fund

NMANX | Fund

$16.17

$2.15 B

10.37%

$1.68

0.83%

NMANX - Profile

Distributions

  • YTD Total Return 10.3%
  • 3 Yr Annualized Total Return 16.9%
  • 5 Yr Annualized Total Return 6.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.57%
DIVIDENDS
  • Dividend Yield 10.4%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Neuberger Mid Cap Growth Fund
  • Fund Family Name
    Neuberger Berman
  • Inception Date
    Jan 03, 1994
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • 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 mid-capitalization companies, which it defines as those with a market capitalization within the market capitalization range of the Russell Midcap® 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-to-mid-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.
The Fund will not change its strategy of normally investing at least 80% of its net assets in mid-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.
Read More

NMANX - Performance

Return Ranking - Trailing

Period NMANX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.3% -12.4% 52.4% 38.82%
1 Yr 11.1% -20.3% 94.5% 55.91%
3 Yr 16.9%* -4.9% 35.5% 35.81%
5 Yr 6.1%* -6.1% 33.5% 34.99%
10 Yr 12.2%* 3.6% 51.6% 36.68%

* Annualized

Return Ranking - Calendar

Period NMANX Return Category Return Low Category Return High Rank in Category (%)
2025 -13.9% -46.8% 36.1% 78.90%
2024 13.8% -16.5% 83.2% 33.76%
2023 14.5% -27.7% 68.0% 65.89%
2022 -32.0% -85.6% 52.8% 57.57%
2021 -3.7% -74.9% 238.3% 60.87%

Total Return Ranking - Trailing

Period NMANX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.3% -12.4% 52.4% 38.82%
1 Yr 11.1% -20.3% 94.5% 55.91%
3 Yr 16.9%* -4.9% 35.5% 35.81%
5 Yr 6.1%* -6.1% 33.5% 34.99%
10 Yr 12.2%* 3.6% 51.6% 36.68%

* Annualized

Total Return Ranking - Calendar

Period NMANX Return Category Return Low Category Return High Rank in Category (%)
2025 5.7% -20.1% 39.3% 51.48%
2024 24.3% -2.3% 88.8% 16.46%
2023 18.2% -26.1% 68.0% 66.53%
2022 -28.7% -67.0% 56.8% 58.21%
2021 12.7% -23.5% 342.2% 47.17%

NAV & Total Return History

NMANX - Holdings

Concentration Analysis

NMANX Category Low Category High NMANX % Rank
Net Assets 2.15 B 4.86 M 89.9 B 35.23%
Number of Holdings 76 17 3393 49.37%
Net Assets in Top 10 624 M 653 K 13.6 B 37.55%
Weighting of Top 10 31.38% 5.7% 97.9% 39.66%

Top 10 Holdings

  1. Cencora Inc 4.16%
  2. Hilton Worldwide Holdings Inc 3.77%
  3. Howmet Aerospace Inc 3.71%
  4. Vertiv Holdings Co 3.68%
  5. Royal Caribbean Cruises Ltd 3.23%
  6. Quanta Services Inc 2.87%
  7. Cloudflare Inc 2.59%
  8. IDEXX Laboratories Inc 2.55%
  9. Cardinal Health Inc 2.44%
  10. Fastenal Co 2.36%

Asset Allocation

Weighting Return Low Return High NMANX % Rank
Stocks 		98.84% 49.15% 114.03% 44.30%
Cash 		1.79% 0.00% 50.67% 44.51%
Preferred Stocks 		0.00% 0.00% 15.48% 70.25%
Other 		0.00% -0.18% 14.15% 71.31%
Convertible Bonds 		0.00% 0.00% 0.05% 61.18%
Bonds 		0.00% 0.00% 2.74% 63.08%

Stock Sector Breakdown

Weighting Return Low Return High NMANX % Rank
Technology 		33.18% 0.04% 62.17% 39.03%
Industrials 		17.74% 0.00% 38.23% 22.57%
Consumer Cyclical 		15.16% 0.00% 57.41% 39.45%
Healthcare 		14.38% 0.00% 37.06% 75.95%
Financial Services 		5.94% 0.00% 43.01% 57.38%
Energy 		5.42% 0.00% 62.10% 11.60%
Consumer Defense 		3.12% 0.00% 16.40% 31.01%
Basic Materials 		2.15% 0.00% 17.25% 51.69%
Real Estate 		1.79% 0.00% 19.28% 60.13%
Communication Services 		1.12% 0.00% 16.67% 73.21%
Utilities 		0.00% 0.00% 12.94% 70.68%

Stock Geographic Breakdown

Weighting Return Low Return High NMANX % Rank
US 		98.84% 46.79% 114.03% 40.72%
Non US 		0.00% 0.00% 33.97% 81.22%

NMANX - Expenses

Operational Fees

NMANX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.83% 0.01% 6.54% 72.36%
Management Fee 0.74% 0.00% 1.50% 52.32%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.26% 0.00% 0.40% 96.13%

Sales Fees

NMANX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

NMANX 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.

NMANX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 42.00% 0.00% 250.31% 51.28%

NMANX - Distributions

Dividend Yield Analysis

NMANX Category Low Category High NMANX % Rank
Dividend Yield 10.37% 0.00% 33.43% 82.91%

Dividend Distribution Analysis

NMANX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual Annual

Net Income Ratio Analysis

NMANX Category Low Category High NMANX % Rank
Net Income Ratio -0.57% -2.24% 2.75% 50.85%

Capital Gain Distribution Analysis

NMANX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

NMANX - Fund Manager Analysis

Managers

Kenneth Turek

Start Date

Tenure

Tenure Rank

Jan 31, 2003

19.34

19.3%

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.

Chad Bruso

Start Date

Tenure

Tenure Rank

Jan 16, 2020

2.37

2.4%

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.

Trevor Moreno

Start Date

Tenure

Tenure Rank

Jan 16, 2020

2.37

2.4%

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.

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
0.04 36.3 9.62 11.76

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