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Trending ETFs

Neuberger Berman Focus Fund

mutual fund
NFALX
Payout Change
Pending
Price as of:
$28.62 -0.1 -0.35%
primary theme
N/A
NFALX (Mutual Fund)

Neuberger Berman Focus Fund

Payout Change
Pending
Price as of:
$28.62 -0.1 -0.35%
primary theme
N/A
NFALX (Mutual Fund)

Neuberger Berman Focus Fund

Payout Change
Pending
Price as of:
$28.62 -0.1 -0.35%
primary theme
N/A

Name

As of 06/14/2024

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

$28.62

$683 M

0.64%

$0.18

0.77%

Vitals

YTD Return

13.9%

1 yr return

21.6%

3 Yr Avg Return

1.4%

5 Yr Avg Return

10.1%

Net Assets

$683 M

Holdings in Top 10

41.0%

52 WEEK LOW AND HIGH

$28.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.77%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 123.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/14/2024

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

$28.62

$683 M

0.64%

$0.18

0.77%

NFALX - Profile

Distributions

  • YTD Total Return 13.9%
  • 3 Yr Annualized Total Return 1.4%
  • 5 Yr Annualized Total Return 10.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.17%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Neuberger Berman Focus Fund
  • Fund Family Name
    Neuberger Berman
  • Inception Date
    Jun 21, 2010
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Timothy Creedon

Fund Description

To pursue its goal, the Fund invests in a concentrated portfolio, consisting mainly of common stocks of companies of any size that are selected using a fundamental, research driven approach.

Under normal market conditions, the Fund typically holds a limited number of stocks of U.S. and non-U.S. companies, including companies in emerging markets. Because of this, the Fund may at times be substantially over- and under-weighted in certain economic sectors.

The Portfolio Managers, with the assistance of Neuberger Berman research analysts, look for what they believe to be undervalued companies. Factors in identifying these firms may include depressed valuations, a history of above-average returns, an established market niche, and a belief that the company has sound future business prospects. This approach is designed to let the Fund benefit from potential increases in stock prices, while endeavoring to limit the risks typically associated with investing in a smaller number of stocks.

The Fund may invest in restricted securities, including private placements, which are securities that are subject to legal restrictions on their sale and may not be sold to the public unless registered under the applicable securities law or pursuant to an applicable exemption.

The Fund may also use options, including, but not limited to, buying and selling (writing) put and call options on individual stocks, to attempt to enhance returns. The Fund will only sell (write) call options on individual stocks if it simultaneously holds an equivalent position in the stock underlying the option (“covered call option”).

The Fund may invest in depositary receipts.

In an effort to achieve its goal, the Fund may engage in active and frequent trading.

As part of their fundamental investment analysis the Portfolio Managers consider Environmental, Social and Governance (ESG) factors they believe are financially material to individual investments, where applicable, as described below. While this analysis is inherently subjective and may be informed by both internally generated and third-party metrics, data and other information, the Portfolio Managers believe that the consideration of financially material ESG factors, alongside traditional financial metrics, may enhance the Fund’s overall investment process. The consideration of ESG factors does not apply to certain instruments, such as certain derivative instruments, other registered investment companies, cash and cash equivalents. The consideration of ESG factors as part of the investment process does not mean that the Fund pursues a specific “impact” or “sustainable” investment strategy.

The Portfolio Managers follow a disciplined selling strategy and may sell a security when it reaches a target valuation, if a company’s business fails to perform as expected, or when other opportunities appear more attractive.

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NFALX - Performance

Return Ranking - Trailing

Period NFALX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.9% -35.6% 29.2% 45.97%
1 Yr 21.6% 17.3% 252.4% 47.27%
3 Yr 1.4%* -3.5% 34.6% 25.18%
5 Yr 10.1%* 0.1% 32.7% 33.15%
10 Yr 8.7%* -6.9% 18.3% 13.17%

* Annualized

Return Ranking - Calendar

Period NFALX Return Category Return Low Category Return High Rank in Category (%)
2023 23.1% -24.3% 957.1% 29.43%
2022 -31.8% -38.3% 47.1% 85.34%
2021 0.4% -54.2% 0.6% 60.57%
2020 18.1% -76.0% 54.1% 89.60%
2019 13.6% -26.1% 47.8% 87.08%

Total Return Ranking - Trailing

Period NFALX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.9% -35.6% 29.2% 46.87%
1 Yr 21.6% 11.4% 252.4% 43.07%
3 Yr 1.4%* -3.5% 34.6% 23.97%
5 Yr 10.1%* 0.1% 32.7% 32.08%
10 Yr 8.7%* -6.9% 18.3% 12.80%

* Annualized

Total Return Ranking - Calendar

Period NFALX Return Category Return Low Category Return High Rank in Category (%)
2023 24.0% -24.3% 957.1% 29.43%
2022 -31.7% -33.1% 47.1% 85.59%
2021 20.5% -44.4% 1.8% 72.81%
2020 24.7% -6.5% 54.1% 65.89%
2019 28.6% -14.4% 47.8% 18.18%

NAV & Total Return History


NFALX - Holdings

Concentration Analysis

NFALX Category Low Category High NFALX % Rank
Net Assets 683 M 199 K 133 B 39.80%
Number of Holdings 52 1 9075 64.43%
Net Assets in Top 10 280 M -18 M 37.6 B 31.50%
Weighting of Top 10 41.03% 9.1% 100.0% 26.32%

Top 10 Holdings

  1. State Street Institutional US Government Money Market Fund 6.33%
  2. Microsoft Corp 4.96%
  3. Amazon.com Inc 4.89%
  4. Meta Platforms Inc 4.30%
  5. Apple Inc 3.83%
  6. NVIDIA Corp 3.64%
  7. Boston Scientific Corp 3.40%
  8. Constellation Software Inc/Canada 3.38%
  9. Airbus SE 3.15%
  10. Visa Inc 3.14%

Asset Allocation

Weighting Return Low Return High NFALX % Rank
Stocks
93.09% 61.84% 125.47% 74.45%
Cash
6.45% -174.70% 23.12% 64.43%
Preferred Stocks
0.46% -0.01% 5.28% 5.07%
Other
0.00% -13.98% 19.14% 3.41%
Convertible Bonds
0.00% 0.00% 4.46% 67.18%
Bonds
0.00% -1.50% 161.67% 68.39%

Stock Sector Breakdown

Weighting Return Low Return High NFALX % Rank
Technology
23.97% 0.00% 49.87% 16.08%
Consumer Cyclical
19.28% 0.00% 40.94% 2.97%
Financial Services
15.26% 0.00% 38.42% 97.03%
Industrials
13.33% 0.00% 44.06% 83.37%
Communication Services
10.85% 0.00% 57.66% 8.70%
Consumer Defense
5.97% 0.00% 73.28% 50.99%
Healthcare
5.93% 0.00% 35.42% 97.58%
Basic Materials
5.40% 0.00% 38.60% 18.28%
Utilities
0.00% 0.00% 29.12% 92.73%
Real Estate
0.00% 0.00% 39.48% 12.56%
Energy
0.00% 0.00% 21.15% 89.76%

Stock Geographic Breakdown

Weighting Return Low Return High NFALX % Rank
US
71.72% 0.13% 103.82% 37.00%
Non US
21.36% 0.58% 99.46% 66.74%

NFALX - Expenses

Operational Fees

NFALX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.77% 0.01% 44.27% 83.35%
Management Fee 0.68% 0.00% 1.82% 43.44%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.76% 75.24%

Sales Fees

NFALX 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

NFALX 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.

NFALX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 123.00% 0.00% 395.00% 95.41%

NFALX - Distributions

Dividend Yield Analysis

NFALX Category Low Category High NFALX % Rank
Dividend Yield 0.64% 0.00% 3.26% 66.63%

Dividend Distribution Analysis

NFALX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Annually Annually

Net Income Ratio Analysis

NFALX Category Low Category High NFALX % Rank
Net Income Ratio 0.17% -4.27% 12.65% 66.36%

Capital Gain Distribution Analysis

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

Distributions History

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NFALX - Fund Manager Analysis

Managers

Timothy Creedon


Start Date

Tenure

Tenure Rank

Jul 27, 2011

10.85

10.9%

Timothy Creedon, CFA, Managing Director, joined the firm in 2005 and is Director of Research for the Global Equity Research Department and a Portfolio Manager on the Neuberger Berman Focus Fund and the Neuberger Berman Research Opportunity Portfolio. Prior to his appointment as Director of Research, Tim served as an equity analyst covering Consumer Staples companies for the department. Previously, he spent three years working as a sell-side research associate at Lehman Brothers, also covering consumer stocks, and two years working in the Private Equity group at Lehman Brothers, where he was responsible for analyzing and executing investments in early stage telecom/media companies. Tim began his career at Merrill Lynch, where he spent two years working in Investment Banking, covering the telecommunications industry. He is a CFA charterholder and graduated magna cum laude from Georgetown University’s School of Foreign Service with a concentration in International Economics.

Hariharan Ramanan


Start Date

Tenure

Tenure Rank

Sep 24, 2019

2.68

2.7%

2019 – Present Neuberger Berman 2014 – 2018 Valarc Holdings, Managing Partner, Global Equities 2007 — 2014 Eminence Capital, Portfolio Manager, International Equities 2004 — 2007 Basso Capital, Managing Director and Portfolio Manager 2002 – 2004 Advent International, Senior Associate, Private Equity 2000 - 2002 Lehman Brothers, Analyst, Private Equity Knox College, BA (Mathematics and Economics) 21 Years of Industry Experience

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 35.82 6.24 1.25