Neuberger Berman Mid Cap Intrinsic Value Fund
- NBMRX
- Price as of: Mar 05, 2021
-
$22.33
N/A N/A
- Primary Theme
- U.S. Mid-Cap Value Equity
- Fund Company
- Neuberger Berman
- Share Class
NBMRX - Snapshot
Vitals
- YTD Return 15.0%
- 3 Yr Annualized Return 2.4%
- 5 Yr Annualized Return 8.9%
- Net Assets $54.1 M
- Holdings in Top 10 30.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 1.02%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 16.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $0
- IRA N/A
Fund Classification
-
Primary Theme
U.S. Mid-Cap Value Equity
- Fund Type Open End Mutual Fund
- Investment Style Mid-Cap Value
NBMRX - Profile
Distributions
- YTD Total Return 15.0%
- 3 Yr Annualized Total Return 2.4%
- 5 Yr Annualized Total Return 8.9%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.62%
- Dividend Yield 0.0%
- 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
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.
NBMRX - Performance
Return Ranking - Trailing
| Period | NBMRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.0% | -16.8% | 34.3% | 16.79% |
| 1 Yr | 27.4% | -15.3% | 71.3% | 46.89% |
| 3 Yr | 2.4%* | -5.5% | 16.9% | 94.62% |
| 5 Yr | 8.9%* | 1.8% | 18.3% | 89.92% |
| 10 Yr | 7.9%* | 6.5% | 12.1% | 86.12% |
* Annualized
Return Ranking - Calendar
| Period | NBMRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -4.3% | -49.5% | 626.7% | 82.97% |
| 2019 | N/A | -14.6% | 40.9% | N/A |
| 2018 | N/A | -56.9% | 14.0% | N/A |
| 2017 | N/A | -62.6% | 24.1% | N/A |
| 2016 | N/A | -14.6% | 28.1% | N/A |
Total Return Ranking - Trailing
| Period | NBMRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.0% | -16.8% | 34.3% | 16.79% |
| 1 Yr | 27.4% | -15.3% | 71.3% | 43.30% |
| 3 Yr | 2.4%* | -6.5% | 16.9% | 93.64% |
| 5 Yr | 8.9%* | 1.8% | 18.3% | 88.37% |
| 10 Yr | 7.9%* | 6.5% | 12.1% | 84.86% |
* Annualized
Total Return Ranking - Calendar
| Period | NBMRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -4.3% | -49.5% | 626.7% | 82.97% |
| 2019 | N/A | -14.6% | 40.9% | N/A |
| 2018 | N/A | -32.7% | 15.2% | N/A |
| 2017 | N/A | -3.5% | 26.9% | N/A |
| 2016 | N/A | -6.1% | 29.0% | N/A |
NAV & Total Return History
NBMRX - Holdings
Concentration Analysis
| NBMRX | Category Low | Category High | NBMRX % Rank | |
|---|---|---|---|---|
| Net Assets | 54.1 M | 3.02 M | 29.8 B | 88.28% |
| Number of Holdings | 51 | 8 | 2381 | 78.23% |
| Net Assets in Top 10 | 15.4 M | 541 K | 7.56 B | 85.65% |
| Weighting of Top 10 | 30.65% | 5.0% | 100.0% | 24.16% |
Top 10 Holdings
- Alexion Pharmaceuticals Inc 3.69%
- AerCap Holdings NV 3.22%
- Aptiv PLC 3.22%
- Wyndham Destinations Inc 3.07%
- Molson Coors Beverage Co Shs -B- Non-Voting 3.06%
- MGM Resorts International 3.05%
- Treehouse Foods Inc 3.04%
- BankUnited Inc 3.03%
- Skyworks Solutions Inc 2.94%
- Evergy Inc 2.92%
Asset Allocation
| Weighting | Return Low | Return High | NBMRX % Rank | |
|---|---|---|---|---|
| Stocks | 97.10% | 85.03% | 100.85% | 77.75% |
| Cash | 2.90% | -0.85% | 13.62% | 20.81% |
| Preferred Stocks | 0.00% | 0.00% | 6.07% | 23.68% |
| Other | 0.00% | -0.25% | 4.86% | 21.05% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 20.81% |
| Bonds | 0.00% | 0.00% | 1.20% | 23.44% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | NBMRX % Rank | |
|---|---|---|---|---|
| Technology | 21.11% | 0.00% | 23.28% | 1.91% |
| Consumer Cyclical | 13.23% | 0.00% | 34.64% | 52.63% |
| Industrials | 12.54% | 0.00% | 29.02% | 74.16% |
| Consumer Defense | 10.76% | 0.00% | 22.37% | 8.61% |
| Utilities | 9.30% | 0.00% | 20.61% | 10.77% |
| Healthcare | 8.57% | 0.00% | 31.63% | 43.54% |
| Financial Services | 7.28% | 0.00% | 55.48% | 96.89% |
| Energy | 6.58% | 0.00% | 25.90% | 9.33% |
| Real Estate | 4.17% | 0.00% | 36.21% | 78.95% |
| Communication Services | 3.57% | 0.00% | 21.89% | 33.97% |
| Basic Materials | 2.89% | 0.00% | 19.30% | 77.03% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | NBMRX % Rank | |
|---|---|---|---|---|
| US | 94.96% | 12.09% | 100.25% | 49.28% |
| Non US | 2.14% | 0.00% | 80.31% | 59.81% |
NBMRX - Expenses
Operational Fees
| NBMRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.02% | 0.01% | 43.95% | 55.91% |
| Management Fee | 0.60% | 0.00% | 1.25% | 25.36% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.05% | 0.01% | 0.47% | 13.39% |
Sales Fees
| NBMRX 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% | 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 | 16.00% | 4.00% | 488.00% | 3.38% |
NBMRX - Distributions
Dividend Yield Analysis
| NBMRX | Category Low | Category High | NBMRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 4.09% | 27.27% |
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 | 1.62% | -1.16% | 4.83% | 23.86% |
Capital Gain Distribution Analysis
| NBMRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
NBMRX - Fund Manager Analysis
Managers
Michael Greene
Start Date
Tenure
Tenure Rank
Dec 16, 2011
9.21
9.2%
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 |
|---|---|---|---|
| 0.07 | 34.34 | 7.8 | 9.67 |