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Sustainable Equity Fund

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Mutual Fund > Equities > 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

Pricing/Performance

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Product Characteristics

As of

Gross expense ratio represents the total annual operating expenses that shareholders pay. The Fund’s investment manager (the “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;) through 08/31/2025 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 17, 2021, as amended and supplemented.

Figures are derived from FactSet as of the date indicated. 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 December 31, 2022
Microsoft Corp. 6.80%
Cigna Corp 6.30%
Alphabet Inc 5.30%
Berkshire Hathaway 4.80%
Amazon.Com 4.50%
Mastercard, Inc. 4.40%
Progressive Corp. 4.10%
Texas Instruments 4.10%
Compass Group Plc 3.80%
Amerisourcebergen Corp. 3.80%

Top 10 Industries

As of December 31, 2022
IT Services 11.10%
Health Care Providers & Services 10.00%
Software 8.70%
Health Care Equipment & Supplies 6.00%
Diversified Financial Services 6.00%
Banks 5.40%
Interactive Media & Services 5.30%
Internet & Direct Marketing Retail 4.50%
Insurance 4.10%
Semiconductors & Semiconductor Equipment 4.10%

Management Team

Daniel Hanson, CFA
Senior Portfolio Manager
29 Years of Industry Experience
1 Year with Neuberger Berman