NBMRX: Neuberger Berman Mid Cap Intrinsic Value Fund

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NBMRX Neuberger Berman Mid Cap Intrinsic Value Fund


Profile

NBMRX - Profile

Vitals

  • YTD Return -30.4%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $53.1 M
  • Holdings in Top 10 35.8%

52 WEEK LOW AND HIGH

$14.41
$10.53
$21.03

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.44%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 56.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -30.4%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.14%
DIVIDENDS
  • Dividend Yield 2.1%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Neuberger Berman Mid Cap Intrinsic Value Fund
  • Fund Family Name
    Neuberger Berman
  • Inception Date
    Mar 29, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Greene

Fund Description

To pursue its goal, the fund normally invests at least 80% of its net assets in equity securities of mid-capitalization companies, which the adviser defines as those with a total market capitalization within the market capitalization range of the Russell Midcap® Value Index at the time of purchase. The fund's strategy consists of using a bottom-up, fundamental research driven approach to identify stocks of companies that are trading below the Portfolio Manager's estimate of their intrinsic value and that he believes have the potential for appreciation over time.


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Categories

Performance

NBMRX - Performance

Return Ranking - Trailing

Period NBMRX Return Category Return Low Category Return High Rank in Category (%)
YTD -30.4% -36.0% 0.0% 93.46%
1 Yr -26.9% -92.8% 9.1% 92.08%
3 Yr N/A* -57.9% 1.0% 23.01%
5 Yr N/A* -39.4% 3.2% 30.19%
10 Yr N/A* -18.6% 8.5% 20.36%

* Annualized

Return Ranking - Calendar

Period NBMRX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -92.4% 35.0% N/A
2018 N/A -36.8% -7.9% N/A
2017 N/A -16.5% 19.3% N/A
2016 N/A -14.6% 28.1% N/A
2015 N/A -36.5% 0.2% N/A

Total Return Ranking - Trailing

Period NBMRX Return Category Return Low Category Return High Rank in Category (%)
YTD -30.4% -36.0% 0.0% 93.46%
1 Yr -26.9% -92.8% 9.1% 92.08%
3 Yr N/A* -57.7% 3.3% 37.76%
5 Yr N/A* -39.0% 6.4% 57.14%
10 Yr N/A* -18.4% 10.1% 36.20%

* Annualized

Total Return Ranking - Calendar

Period NBMRX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -92.4% 35.0% N/A
2018 N/A -32.7% -4.1% N/A
2017 N/A 0.5% 26.9% N/A
2016 N/A -2.5% 29.0% N/A
2015 N/A -25.7% 5.0% N/A

NAV & Total Return History


Holdings

NBMRX - Holdings

Concentration Analysis

NBMRX Category Low Category High NBMRX % Rank
Net Assets 53.1 M 708 K 16.7 B 86.75%
Number of Holdings 50 3 2516 81.30%
Net Assets in Top 10 16.5 M 157 K 2.7 B 80.00%
Weighting of Top 10 35.84% 8.1% 99.9% 8.31%

Top 10 Holdings

  1. General Dynamics Corp 4.00%
  2. Evergy Inc 3.96%
  3. Zimmer Biomet Holdings Inc 3.94%
  4. Treehouse Foods Inc 3.82%
  5. The Hain Celestial Group Inc 3.74%
  6. Alexion Pharmaceuticals Inc 3.73%
  7. Molson Coors Beverage Co B 3.32%
  8. Skyworks Solutions Inc 3.18%
  9. Nuance Communications Inc 3.09%
  10. Ciena Corp 3.07%

Asset Allocation

Weighting Return Low Return High NBMRX % Rank
Stocks
97.79% 85.33% 100.22% 45.19%
Cash
2.21% -0.65% 14.67% 53.25%
Preferred Stocks
0.00% 0.00% 0.35% 42.86%
Other
0.00% -0.09% 3.69% 44.94%
Convertible Bonds
0.00% 0.00% 0.00% 42.08%
Bonds
0.00% 0.00% 1.28% 45.97%

Stock Sector Breakdown

Weighting Return Low Return High NBMRX % Rank
Technology
21.03% 0.00% 21.67% 1.30%
Industrials
15.58% 1.93% 26.87% 38.70%
Consumer Cyclical
13.86% 1.64% 24.09% 20.00%
Consumer Defense
12.19% 0.00% 26.48% 5.19%
Healthcare
8.98% 0.04% 44.74% 51.43%
Financial Services
8.35% 0.76% 33.19% 95.06%
Utilities
7.76% 0.00% 18.77% 44.16%
Energy
4.90% 0.00% 20.66% 21.30%
Basic Materials
2.71% 0.00% 17.04% 81.30%
Real Estate
2.40% 0.00% 19.27% 88.05%
Communication Services
2.26% 0.00% 28.56% 50.39%

Stock Geographic Breakdown

Weighting Return Low Return High NBMRX % Rank
US
96.23% 80.90% 99.46% 29.87%
Non US
1.56% 0.00% 13.70% 70.39%

Expenses

NBMRX - Expenses

Operational Fees

NBMRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.44% 0.07% 27.75% 29.11%
Management Fee 0.60% 0.00% 1.20% 19.48%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.01% 0.47% 15.65%

Sales Fees

NBMRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

NBMRX 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.

NBMRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 56.00% 6.00% 204.00% 65.26%

Distributions

NBMRX - Distributions

Dividend Yield Analysis

NBMRX Category Low Category High NBMRX % Rank
Dividend Yield 2.11% 0.00% 13.29% 1.56%

Dividend Distribution Analysis

NBMRX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Quarterly

Net Income Ratio Analysis

NBMRX Category Low Category High NBMRX % Rank
Net Income Ratio 1.14% -0.89% 2.49% 40.53%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

NBMRX - Fund Manager Analysis

Managers

Michael Greene


Start Date

Tenure

Tenure Rank

Dec 16, 2011

8.38

8.4%

Michael C. Greene, Managing Director, joined the firm in 2008 when David J. Greene and Company was acquired by Neuberger Berman. Michael is a Senior Portfolio Manager for the Greene Group’s mid- and all-cap strategies. Prior to the acquisition, he was Chief Executive Officer and Chief Investment Officer at David J. Greene and Company, LLC since 1999. He provided leadership for David J. Greene and Company and managed the firm’s mid- and all-cap strategies. He joined David J. Greene and Company in 1985 as a research analyst, became a member of the Investment Committee in 1991 and a member of the Executive Committee in 1995. Michael began his investment career at Drexel Burnham Lambert, where he applied an already well-established value approach to sell-side analysis of retail stocks. He gained substantial experience in fundamental analysis of companies, as well as perspective in the investment philosophies and needs of institutional clients. He serves as a board member of the Masters School in Dobbs Ferry, NY and as Vice President of the David and Alan Greene Family Foundation, Inc. He holds a BA in Economics from Colgate University and an MBA from New York University’s Graduate School of Business.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 33.5 7.61 8.84