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Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 11/29/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
24.8%
1 yr return
28.9%
3 Yr Avg Return
2.9%
5 Yr Avg Return
10.3%
Net Assets
$683 M
Holdings in Top 10
38.9%
Expense Ratio 0.77%
Front Load N/A
Deferred Load N/A
Turnover 123.00%
Redemption Fee N/A
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 11/29/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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.
Period | NFALX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 24.8% | -35.6% | 29.2% | 45.97% |
1 Yr | 28.9% | 17.3% | 252.4% | 47.27% |
3 Yr | 2.9%* | -3.5% | 34.6% | 25.18% |
5 Yr | 10.3%* | 0.1% | 32.7% | 33.15% |
10 Yr | 9.3%* | -6.9% | 18.3% | 13.17% |
* Annualized
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% |
Period | NFALX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 24.8% | -35.6% | 29.2% | 46.87% |
1 Yr | 28.9% | 11.4% | 252.4% | 43.07% |
3 Yr | 2.9%* | -3.5% | 34.6% | 23.97% |
5 Yr | 10.3%* | 0.1% | 32.7% | 32.08% |
10 Yr | 9.3%* | -6.9% | 18.3% | 12.80% |
* Annualized
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% |
NFALX | Category Low | Category High | NFALX % Rank | |
---|---|---|---|---|
Net Assets | 683 M | 199 K | 133 B | 39.80% |
Number of Holdings | 51 | 1 | 9075 | 64.43% |
Net Assets in Top 10 | 280 M | -18 M | 37.6 B | 31.50% |
Weighting of Top 10 | 38.94% | 9.1% | 100.0% | 26.32% |
Weighting | Return Low | Return High | NFALX % Rank | |
---|---|---|---|---|
Stocks | 97.77% | 61.84% | 125.47% | 74.45% |
Cash | 1.79% | -174.70% | 23.12% | 64.43% |
Preferred Stocks | 0.45% | -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% |
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% |
Weighting | Return Low | Return High | NFALX % Rank | |
---|---|---|---|---|
US | 77.92% | 0.13% | 103.82% | 37.00% |
Non US | 19.84% | 0.58% | 99.46% | 66.74% |
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% |
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 |
NFALX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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 | Category Low | Category High | NFALX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.59% | 0.00% | 3.26% | 66.63% |
NFALX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annually | Annually | Annually |
NFALX | Category Low | Category High | NFALX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.17% | -4.27% | 12.65% | 66.36% |
NFALX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Date | Amount | Type |
---|---|---|
Dec 18, 2023 | $0.182 | OrdinaryDividend |
Dec 15, 2022 | $0.046 | OrdinaryDividend |
Dec 14, 2021 | $5.772 | OrdinaryDividend |
Dec 14, 2020 | $1.599 | CapitalGainLongTerm |
Dec 16, 2019 | $0.240 | OrdinaryDividend |
Dec 16, 2019 | $0.320 | CapitalGainShortTerm |
Dec 16, 2019 | $2.735 | CapitalGainLongTerm |
Dec 17, 2018 | $0.634 | CapitalGainShortTerm |
Dec 17, 2018 | $1.287 | CapitalGainLongTerm |
Dec 17, 2018 | $0.126 | OrdinaryDividend |
Dec 15, 2017 | $1.105 | CapitalGainShortTerm |
Dec 15, 2017 | $1.021 | CapitalGainLongTerm |
Dec 15, 2017 | $0.118 | OrdinaryDividend |
Dec 16, 2016 | $0.049 | CapitalGainShortTerm |
Dec 16, 2016 | $2.167 | CapitalGainLongTerm |
Dec 16, 2016 | $0.139 | OrdinaryDividend |
Dec 17, 2015 | $1.103 | CapitalGainLongTerm |
Dec 17, 2015 | $0.218 | OrdinaryDividend |
Dec 15, 2014 | $0.483 | CapitalGainShortTerm |
Dec 15, 2014 | $3.734 | CapitalGainLongTerm |
Dec 15, 2014 | $0.211 | OrdinaryDividend |
Dec 16, 2013 | $0.344 | CapitalGainShortTerm |
Dec 16, 2013 | $2.333 | CapitalGainLongTerm |
Dec 16, 2013 | $0.245 | OrdinaryDividend |
Dec 14, 2012 | $0.187 | OrdinaryDividend |
Dec 16, 2011 | $0.142 | OrdinaryDividend |
Dec 20, 2010 | $0.113 | OrdinaryDividend |
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.
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
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.01 | 35.82 | 6.24 | 1.25 |
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