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International Small Cap Fund

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Mutual Fund > Equity > International Small Cap Fund

International Small Cap Fund

A differentiated small-cap portfolio focused on under-researched, attractively-priced companies

  • Small-cap portfolio seeking long-term growth of capital by investing primarily in common stocks of non-U.S. companies.
  • Quality Portfolio: Invest in quality companies at a reasonable price
  • Focus on niche market leaders that can sustain their competitive advantage over time, compounding healthy cash flows with improved profitability potential
  • Targeting strong risk-adjusted returns


Daily Pricing as of --
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Product Characteristics

As of

Total (net) expense 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 (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 08/31/2023 at 1.41% for Class A, 2.16% for Class C, 0.95% for Class R6, and 1.05% for Institutional Class (each of average net assets). Absent such arrangements, which cannot be changed without Board approval, the returns may have been lower. Information as of the most recent prospectuses dated December 13, 2019, as amended.

Figures are derived from FactSet as of 12/31/19. 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 Portfolio. 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.

Top 10 Holdings

As of December 31, 2020
Azbil Corp. 2.20%
Games Workshop Group PLC 1.90%
Shoei Co Ltd. 1.80%
Carel Industries SpA 1.70%
Sweco AB 1.70%
Corbion NV 1.50%
Tecan Group AG 1.50%
Belimo Holding AG 1.50%
SHO-BOND Holdings Co. Ltd. 1.50%
Thule Group AB 1.40%

Top 10 Industries

As of December 31, 2020
Software 11.00%
Electronic Equipment, Instruments & Components 8.70%
Health Care Equipment & Supplies 8.00%
Chemicals 6.60%
Commercial Services & Supplies 5.80%
Health Care Technology 4.80%
Machinery 4.40%
Pharmaceuticals 4.20%
Real Estate Management & Development 3.90%
Life Sciences Tools & Services 3.90%

Management Team

David Bunan
Portfolio Manager
23 Years of industry experience
13 Years with Neuberger Berman