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Sustainable Equity Fund

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Mutual Fund > Equity > Sustainable Equity Fund

Sustainable Equity Fund

Relative value approach to socially responsible investing

  • Actively managed core-equity strategy with a focus on fundamentals-based bottom up research with ESG integration
  • The team invests in high quality companies with a long term time horizon
  • Incorporate ESG criteria as part of the fundamentals-based due diligence process
  • Active shareholder engagement and proxy voting

Integrating Environmental, Social and Governance in U.S. Equities

Built on the belief that responsibility is the hallmark of quality and invests in companies that have a sustainable competitive advantage derived from ESG characteristics such as environmental sustainability, workplace diversity and supply chain integrity.
Visit www.nb.com/esg for more.

Pricing/Performance

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Product Characteristics

As of

Gross 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 (the “Manager”) contractually caps certain direct expenses the Fund (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 for Institutional Class at 0.75%, 1.11% for Class A, 1.86% for Class C, 1.36% for Class R3, 0.65% for Class R6 and 1.50% for Trust Class (each as a % of average net assets). As of the Fund’s most recent prospectuses, the Manager was not required to waive or reimburse any expenses pursuant to this arrangement. 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 Fund’s Investor Class was used to calculate beta, a measure of the magnitude of a fund’s past share price fluctuations in relation to the fluctuations in the stock market (as represented by the fund’s benchmark). While not predictive of the future, funds with a beta greater than 1 have in the past been more volatile than the benchmark, and those with a beta less than 1 have in the past been less volatile than the benchmark. Forward 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. Adjusting for an accounting change at Intuit and the EBITDA based valuation of Level 3, the team estimates that the Forward PE for the Portfolio is lower and the Forward growth rate higher resulting in a lower PEG ratio. Standard Deviation is a statistical measure of portfolio risk. The Standard Deviation describes the average deviation of the portfolio returns from the mean portfolio return over a certain period of time. Standard Deviation measures how wide this range of returns typically is. The wider the typical range of returns, the higher the Standard Deviation of returns, and the higher the portfolio risk. Up Capture Ratio is a measure of the manager’s performance in up markets relative to the market itself. A value of 110 suggests the manager performs ten percent better than the market when the market is up. During the selected time period, the return for the market for each period is considered an up market period if it is greater than zero. The returns for the manager and the market for all up periods are calculated. The Upside Capture Ratio is calculated by dividing the return of the manager during the up market periods by the return of the market during the same periods. Down Capture Ratio is a measure of the manager’s performance in down markets relative to the market itself. A value of 90 suggests the manager’s loss is only nine tenths of the market’s loss. During the selected time period the return for the market for each period is considered a down market period if it is less than zero. The returns for the manager and the market for all down periods are calculated. The Downside Capture Ratio is calculated by dividing the return of the manager during the down periods by the return of the market during the same periods. 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 June 30, 2020
Microsoft Corp. 5.80%
Texas Instruments 4.30%
Alphabet Inc Cl A 3.90%
Cigna Corp Common Stock Usd.01 3.50%
Comcast Corp. Class A 3.50%
Danaher Corp. 3.40%
Vestas Wind Systems 3.30%
Mastercard, Inc. Class A 3.30%
Roche Holding 3.20%
Zebra Technologies Class A 3.20%

Top 10 Industries

As of June 30, 2020
Health Care Equipment & Supplies 8.20%
Software 8.20%
IT Services 7.30%
Health Care Providers & Services 6.00%
Trading Companies & Distributors 5.30%
Media 5.20%
Banks 4.90%
Semiconductors & Semiconductor Equipment 4.30%
Interactive Media & Services 4.00%
Machinery 3.80%

Management Team

Ingrid S. Dyott
Co-Portfolio Manager
25 Years of industry experience
23 Years with Neuberger Berman
Sajjad Ladiwala, CFA
Co-Portfolio Manager
26 Years of industry experience
17 Years with Neuberger Berman