Neuberger Berman Mid Cap Intrinsic Value Fund
Name
Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
5.2%
1 yr return
-3.9%
3 Yr Avg Return
7.6%
5 Yr Avg Return
N/A
Net Assets
$58.6 M
Holdings in Top 10
27.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.76%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 31.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
NBMRX - Profile
Distributions
- YTD Total Return 5.2%
- 3 Yr Annualized Total Return 7.6%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.94%
- Dividend Yield 1.1%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameNeuberger Berman Mid Cap Intrinsic Value Fund
-
Fund Family NameNeuberger Berman
-
Inception DateMar 29, 2019
-
Shares OutstandingN/A
-
Share ClassRetirement
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerMichael Greene
Fund Description
■ | Complex Companies: These companies typically have multiple lines of business that are in different industries or sectors and/or that have different growth rates and profitability characteristics. |
■ | Cyclical Companies: These companies typically have ebbs and flows in their business depending on demand patterns for their products, the length of product cycles, or other transient factors. |
■ | Companies in a Period of Interrupted Growth: Typically, these are companies in attractive, high growth markets that have suffered what the Portfolio Managers believe is a temporary setback and/or are in transition to a more mature, lower growth business model that focuses more on current earnings than on rapid growth. |
NBMRX - Performance
Return Ranking - Trailing
Period | NBMRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.2% | -16.6% | 13.0% | 53.22% |
1 Yr | -3.9% | -36.5% | 14.1% | 22.25% |
3 Yr | 7.6%* | -18.9% | 82.8% | 20.46% |
5 Yr | N/A* | -16.8% | 40.5% | 92.99% |
10 Yr | N/A* | -6.7% | 22.2% | 75.90% |
* Annualized
Return Ranking - Calendar
Period | NBMRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2022 | -10.6% | -56.4% | 42.6% | 30.40% |
2021 | 14.9% | -23.5% | 23.2% | 8.63% |
2020 | -1.4% | -8.6% | 93.7% | 84.28% |
2019 | N/A | -27.7% | 7.8% | N/A |
2018 | N/A | -8.2% | 11.3% | N/A |
Total Return Ranking - Trailing
Period | NBMRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.2% | -19.0% | 13.0% | 53.22% |
1 Yr | -3.9% | -36.5% | 56.5% | 23.40% |
3 Yr | 7.6%* | -18.9% | 82.8% | 20.65% |
5 Yr | N/A* | -15.4% | 40.5% | 92.41% |
10 Yr | N/A* | -2.4% | 23.3% | 74.40% |
* Annualized
Total Return Ranking - Calendar
Period | NBMRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2022 | -10.6% | -56.4% | 42.6% | 30.58% |
2021 | 14.9% | -23.5% | 23.2% | 8.61% |
2020 | -1.4% | -8.6% | 93.7% | 84.32% |
2019 | N/A | -27.7% | 7.8% | N/A |
2018 | N/A | -7.2% | 14.7% | N/A |
NAV & Total Return History
NBMRX - Holdings
Concentration Analysis
NBMRX | Category Low | Category High | NBMRX % Rank | |
---|---|---|---|---|
Net Assets | 58.6 M | 504 K | 30.4 B | 91.22% |
Number of Holdings | 72 | 9 | 2354 | 58.21% |
Net Assets in Top 10 | 15.8 M | 2.87 K | 9.16 B | 88.41% |
Weighting of Top 10 | 26.97% | 5.3% | 99.9% | 32.61% |
Top 10 Holdings
- MGM Resorts International 3.93%
- BankUnited Inc 3.32%
- Devon Energy Corp 3.10%
- Wyndham Destinations Inc 3.07%
- General Dynamics Corp 3.04%
- Johnson Controls International PLC 2.94%
- Skyworks Solutions Inc 2.94%
- EOG Resources Inc 2.91%
- Evergy Inc 2.90%
- Western Digital Corp 2.86%
Asset Allocation
Weighting | Return Low | Return High | NBMRX % Rank | |
---|---|---|---|---|
Stocks | 99.97% | 85.69% | 100.65% | 13.53% |
Cash | 0.03% | -0.65% | 14.30% | 84.06% |
Preferred Stocks | 0.00% | 0.00% | 5.42% | 18.36% |
Other | 0.00% | 0.00% | 5.56% | 18.60% |
Convertible Bonds | 0.00% | 0.00% | 0.02% | 17.39% |
Bonds | 0.00% | 0.00% | 4.65% | 19.57% |
Stock Sector Breakdown
Weighting | Return Low | Return High | NBMRX % Rank | |
---|---|---|---|---|
Consumer Cyclical | 13.71% | 0.00% | 29.62% | 22.22% |
Energy | 13.55% | 0.00% | 29.17% | 8.70% |
Industrials | 13.28% | 0.00% | 31.42% | 64.49% |
Technology | 12.81% | 0.00% | 30.07% | 11.35% |
Financial Services | 12.51% | 0.00% | 60.11% | 88.65% |
Utilities | 9.77% | 0.00% | 24.69% | 11.35% |
Healthcare | 7.58% | 0.00% | 32.47% | 60.87% |
Consumer Defense | 7.40% | 0.00% | 33.79% | 23.91% |
Real Estate | 5.40% | 0.00% | 40.74% | 69.81% |
Basic Materials | 2.11% | 0.00% | 23.88% | 93.24% |
Communication Services | 1.89% | 0.00% | 19.80% | 56.52% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | NBMRX % Rank | |
---|---|---|---|---|
US | 98.63% | 55.79% | 100.30% | 12.80% |
Non US | 1.34% | 0.00% | 36.04% | 74.88% |
NBMRX - Expenses
Operational Fees
NBMRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.76% | 0.01% | 2.78% | 69.83% |
Management Fee | 0.60% | 0.00% | 1.20% | 28.29% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.05% | 0.01% | 0.40% | 17.48% |
Sales Fees
NBMRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | 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 | 31.00% | 0.00% | 227.00% | 24.86% |
NBMRX - Distributions
Dividend Yield Analysis
NBMRX | Category Low | Category High | NBMRX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.05% | 0.00% | 9.41% | 18.27% |
Dividend Distribution Analysis
NBMRX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Quarterly | Annually |
Net Income Ratio Analysis
NBMRX | Category Low | Category High | NBMRX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.94% | -1.84% | 4.73% | 39.16% |
Capital Gain Distribution Analysis
NBMRX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 19, 2022 | $0.262 | OrdinaryDividend |
Dec 15, 2021 | $0.176 | OrdinaryDividend |
Dec 15, 2020 | $0.084 | OrdinaryDividend |
Dec 17, 2019 | $0.304 | OrdinaryDividend |
NBMRX - Fund Manager Analysis
Managers
Michael Greene
Start Date
Tenure
Tenure Rank
Dec 16, 2011
10.46
10.5%
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.
Amit Solomon
Start Date
Tenure
Tenure Rank
May 01, 2021
1.08
1.1%
Amit Solomon, PhD, is a Managing Director of Neuberger Berman Management LLC and Neuberger Berman LLC. Mr. Solomon joined the firm in 2008. Prior to joining the firm, Mr. Solomon was a principal and senior research analyst at D.J. Greene, the investment adviser to the Fund’s predecessor partnership and account, from 2002 to 2008. D.J. Greene was acquired by Neuberger Berman in 2008.
Benjamin Nahum
Start Date
Tenure
Tenure Rank
May 01, 2021
1.08
1.1%
Benjamin H. Nahum, Managing Director, joined the firm in 2008 when David J. Greene and Company was acquired by Neuberger Berman. Benjamin is the Senior Portfolio Manager for the Neuberger Berman Small Cap Intrinsic Value strategy. Prior to the acquisition, he was an executive vice president andprincipal at David J. Greene and Company, LLC where he managed the small/SMid cap strategies since inception in 1997. During his tenure, small/SMid cap assets under management havegrown from $7.0 million to $2.8 billion at peak. He was also a member of the firm’s investment committee. Previously, Benjamin worked as an analyst and portfolio manager at Lewis Partners, a New York City based hedge fund, and as a special situation analyst and portfolio manager at MKI Securities Corp. He holds a BA from Clark University and a JDfrom Brooklyn Law School.
James McAree
Start Date
Tenure
Tenure Rank
May 01, 2021
1.08
1.1%
James F. McAree is a Senior Vice President of Neuberger Berman Investment Advisers LLC. James F. McAree is a Managing Director of the Manager. Mr. McAree joined the firm in 2008 and has managed the Fund since May 2021. Prior to joining the firm, Mr. McAree was a principal and research analyst at D.J. Greene, the investment adviser to the Fund’s predecessor partnership and account, from 2005 to 2008. D.J. Greene was acquired by Neuberger Berman in 2008. Mr. McAree was a research analyst for the Fund’s predecessors from 2005 to 2010.
Rand Gesing
Start Date
Tenure
Tenure Rank
May 01, 2021
1.08
1.1%
Rand W. Gesing is a Senior Vice President of the Manager. Mr. Gesing joined the firm in 2008 and has managed the Fund since May 2021.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.59 | 8.44 | 10.92 |