Neuberger Large Cap Value Fund

NEUBERGER BERMAN EQUITY FUNDS · Series S000007840 · 9 share classes

Equity fund · 95% stocks
One fund, 9 share classes:NPRTXNBPTXNBPBXNBPIXNPNCXNPNRXNPNAXNRLCXNPNEX
$9.46B NAV
81 positions · as of 2026-02-28 · filed 2026-04-24
data updated 2026-08-17

Fund profile

As filed in the prospectus · 2026 Q1

The Fund seeks long-term growth of capital.

Strategy · summarised

The fund invests at least 80% of its net assets in large-capitalization equity securities selected from the Russell 1000 Value Index universe, focusing on undervalued companies with identifiable catalysts such as management changes, restructurings, or new products that the portfolio managers believe can improve depressed earnings. The fund may also hold REITs and foreign stocks, and may write covered call options to enhance returns. Because security selection depends on the portfolio managers' assessments of valuation and catalysts, fund performance will diverge from the Russell 1000 Value Index. The fund pursues a disciplined selling strategy and may have elevated portfolio turnover.

Expenses
0.03% 1.72%across 9 share classes
Share classGrossNet
NPRTX0.75%
NBPTX0.95%
NBPBX1.10%
NBPIX0.60%
NPNCX1.72%
NPNRX1.24%
NPNAX0.97%
NRLCX0.50%
NPNEX0.45%0.03%

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 106.00% · as of 2026 Q1

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q1

101.45%
of net assets
Stocks94.79%
Cash & short-term6.66%

Latest quarter

What changed since the fund's previous filing

2026Q1 vs 2025Q4: 15 new14 exited

Largest new: ITW, CSX, CMCSA, EW, FITB, IR, GWW, YUM

Largest exited: PSA, EOG, CEG, DGX, SRE, DUK, BRK/B, Johnson Controls International plc

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026

Share class1-year3-year5-yearVolWorst fall
Cumulative return· Mar 2023 – Feb 2026

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
Exxon Mobil CorpXOM5.04%$477.26M
State Street Global Advisors5.01%$474.38M
Southern Copper CorpSCCO4.09%$386.54M
Johnson & JohnsonJNJ3.26%$308.79M
The Boeing CoBA3.03%$286.28M
JPMorgan Chase & CoJPM2.79%$263.86M
Chevron CorpCVX2.66%$251.41M
CME Group IncCME2.10%$198.87M
Freeport-McMoRan IncFCX2.03%$192.04M
Medtronic PLC1.95%$184.07M
Showing 10 of 81Sign in to see more

Reported price is the fund's own reported value divided by its own reported shares at 2026-02-28 — not a live quote, and not what the fund paid.

Top 10 positions are 31.96% of net assets, top 25 56.39%, across 80 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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