Neuberger Large Cap Growth Fund

NEUBERGER BERMAN EQUITY FUNDS · 8 share classes

Actively managed U.S. equity fund
One fund, 8 share classes:NGUAXNBGTXNBGUXNGDLXNGDAXNGDCXNGDRXNGRDX
$2.67B NAV
73 positions · as of 2026-05-31 · filed 2026-07-27

Fund classification

Classified from what the fund holds · as of 2026 Q2

Neuberger Large Cap Growth Fund is an actively managed U.S. equity fund. 30% of NGUAX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 91% of the fund’s equity).

Asset class
Equity
Region
United States
Management
Actively managed
Fund type
Open-end fund

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 equity securities of large-capitalization companies within the Russell 1000 Growth Index range, selecting stocks through fundamental analysis that combines quantitative metrics with qualitative judgment to identify faster-growing or quality growth companies with attractive sales growth, earnings visibility, or competitive returns on equity. The Portfolio Managers integrate consideration of financially material environmental, social and governance factors alongside traditional financial analysis. The fund may also invest in restricted securities, private companies, and use options including covered calls to enhance returns. Because performance depends on the Portfolio Managers' security selection, the fund may diverge from the returns of large-capitalization growth stocks generally.

Expenses
0.55% 1.76%across 8 share classes
Share classGrossNet
NGUAX0.80%
NBGTX1.00%
NBGUX1.40%
NGDLX0.65%
NGDAX1.02%
NGDCX1.76%
NGDRX1.30%
NGRDX0.56%0.55%

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

Portfolio turnover 30.00% · as of 2026 Q1

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

100.00%
of net assets
Stocks99.97%
Cash & short-term0.03%

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
Information Technology35.4%
Communication Services16.1%
Consumer Discretionary13.2%
Financials7.3%
8 smaller28.0%

Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).

Portfolio growth profile

How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2

Revenue growth
30%of stock holdings in top-quartile growers
covering 91% of the fund’s equity
Earnings growth
39%of stock holdings in top-quartile growers
covering 84% of the fund’s equity

Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 8 new6 exited

New: JNJ, SNDK, MU, GEV, Taiwan Semiconductor Manufacturing Co Ltd, MS, MAR, MRK

Exited: KKR, TMO, CHWY, NKE, DIS, CRM

Return profile

Chart:

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

Share class1-year3-year5-yearVolWorst fall
+24.31%+72.62%+71.85%16.18%-11.26%
+24.04%+71.48%+70.06%16.16%-11.28%
+23.60%+69.88%+67.17%16.20%-11.35%
+24.46%+73.40%+73.19%16.17%-11.23%
+24.03%+71.47%+69.92%16.21%-11.28%
+23.12%+67.67%+63.71%16.19%-11.41%
+23.66%+70.07%+67.55%16.17%-11.33%
+24.60%+73.91%+73.78%16.21%-11.22%

These classes hold the same portfolio, so the 10.07pp spread over 5 years is the cost difference between them — roughly 2.01pp a year — not a difference in what they own.

Cumulative return· Jun 2023 – Apr 2026

May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Holdings

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

Issuer%NAVValue
NVIDIA CorpNVDA8.96%$239.30M
Alphabet, Inc. Class AGOOGL8.69%$232.18M
Amazon.com IncAMZN7.46%$199.23M
Microsoft CorpMSFT7.24%$193.55M
Apple IncAAPL6.02%$160.90M
Broadcom IncAVGO5.01%$133.96M
Facebook, Inc. Class AMETA4.91%$131.06M
FANATICS HOLDINGS INC CLASS A4.03%$107.69M
Eli Lilly & CoLLY3.02%$80.66M
Visa, Inc. Class AV2.63%$70.19M
Showing 10 of 73Sign in to see more

Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.

Top 10 positions are 57.96% of net assets, top 25 83.45%, across 73 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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