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Dividend Growth Fund

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Mutual Fund > Equity > Dividend Growth Fund

Dividend Growth Fund

Embrace the Growth Potential of Dividends

  • A bottom-up, high-quality portfolio comprised exclusively of dividend-paying stocks
  • Diversified mix of dividend champions, initiators and accelerators
  • Seeks long-term capital appreciation and current income in line with the S&P 500

Pricing/Performance

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Product Characteristics

As of

Net expense ratio represents the total annual operating expenses that shareholders pay (after the effect of fee waivers and/or expense reimbursement). The Fund’s investment manager has contractually undertaken to waive and/or reimburse certain fees and expenses of the Fund so that the total annual operating expenses are capped (excluding interest, taxes, brokerage commissions, acquired fund fees and expenses, dividend and interest expenses relating to short sales, and extraordinary expenses, if any; consequently, total (net) expenses may exceed the contractual cap) through 8/31/2024 for Class A at 1.05%, Class C at 1.80%, Class R6 at 0.59% and Institutional Class at 0.69%. (each of average net assets). Absent such arrangements, which cannot be changed without Board approval, the returns may have been lower. Information as of most recent prospectuses dated 12/15/2020, as amended and supplemented.

Figures are derived from FactSet as of the date indicated. The Forward Price/Earnings (P/E) Ratio is the weighted harmonic aggregate of the Forward P/E ratios of all the stocks currently held in the Fund. The Forward P/E ratio of a stock is calculated by dividing the current ending price of the stock by its forecasted calendar year Earnings Per Share (EPS). The forecasted EPS of a company is based on consensus estimates, not Neuberger Berman’s own projections, and it may or may not be realized. In addition, any revision to a forecast could affect the market price of a security. By quoting them herein, Neuberger Berman does not offer an opinion as to the accuracy of, and does not guarantee, these forecasted numbers. Additionally, these fund statistics are not a forecast of the Fund’s performance. The ratio shown excludes companies with negative EPS. Active Share measures the percentage of mutual fund assets that are invested differently from the benchmark, and will range between 0% and 100%, Funds with an active share below 20% are likely to be pure index funds, while those with an active share between 20% and 60% are considered to be closet index funds. The Estimated EPS Growth of a company is based on consensus estimates, not Neuberger Berman’s own projections, and it may or may not be realized.

A fund’s 30-day SEC Yield is similar to a yield to maturity for the entire portfolio. The formula is designated by the Securities and Exchange Commission (SEC). This standardized mandatory calculation is more frequently associated with bond funds. Past performance is no guarantee of future results. Absent any expense cap arrangement noted above, the SEC Yields may have been lower. A negative 30-day SEC yield results when a Fund’s accrued expenses exceed its income for the relevant period. Please note, in such instances the 30-day SEC yield may not equal the Fund’s actual rate of income earned and distributed by the fund and therefore, a per share distribution may still be paid to shareholders. The unsubsidized 30-day SEC yields for Class A, Class C, Class R6 and Institutional Class are 0.01%, -0.70%, -0.09% and 0.41% respectively.

Top 10 Holdings

As of March 31, 2021
Freeport-Mcmoran Copper & Gold 3.40%
Devon Energy 3.30%
Microsoft Corp. 3.30%
Qualcomm, Inc. 3.10%
Corning Inc. 3.00%
Apple Inc. 2.90%
General Motors 2.80%
Jpmorgan Chase 2.70%
Stanley Black & Decker 2.70%
Eli Lilly 2.70%

Top 10 Industries

As of March 31, 2021
Pharmaceuticals 7.90%
Semiconductors & Semiconductor Equipment 7.10%
Metals & Mining 5.50%
Electronic Equipment, Instruments & Components 5.40%
Banks 5.30%
Machinery 5.00%
Insurance 4.70%
Equity Real Estate Investment 4.50%
Multi-Utilities 4.40%
Capital Markets 3.70%

Management Team

William D. Hunter
Portfolio Manager
20 Years of Industry Experience
14 Years with Neuberger Berman
Shawn Trudeau, CFA
Portfolio Manager
14 Years of Industry Experience
10 Years with Neuberger Berman