Neuberger Large Cap Growth Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Neuberger Large Cap Growth Fund held 73 positions with $2.67B in net assets. Its ten largest holdings made up 58.0% of the fund. The NGUAX share class costs 0.8% a year. Over the 12 months to May 2026, NGUAX returned 20.8%, with dividends reinvested. In 2026 Q2 it added 8 new positions and exited 6.
The Fund seeks long-term growth of capital.
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA Corp | 8.96% | $239.30M | 1.1M | $211.14 |
8.69% | $232.18M | 610.5K | $380.34 | |
AMZNAmazon.com Inc | 7.46% | $199.23M | 736.2K | $270.64 |
MSFTMicrosoft Corp | 7.24% | $193.55M | 429.9K | $450.24 |
AAPLApple Inc | 6.02% | $160.90M | 515.6K | $312.06 |
AVGOBroadcom Inc | 5.01% | $133.96M | 299.8K | $446.77 |
4.91% | $131.06M | 207.2K | $632.51 | |
FANATICS HOLDINGS INC CLASS A | 4.03% | $107.69M | 1.3M | $82.98 |
3.02% | $80.66M | 73.0K | $1,105.00 | |
2.63% | $70.19M | 215.1K | $326.36 |
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.
All 73 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.97% |
| Cash & short-term | 0.03% |
By sector
- Information Technology
- 35.4%
- Communication Services
- 16.1%
- Consumer Discretionary
- 13.2%
- Financials
- 7.3%
- 8 other sectors
- 28.0%
- Information Technology
- 35.4%
- Communication Services
- 16.1%
- Consumer Discretionary
- 13.2%
- Financials
- 7.3%
- Industrials
- 7.2%
- Health Care
- 6.1%
- Other
- 5.6%
- International
- 4.1%
- Utilities
- 2.2%
- Consumer Staples
- 2.2%
- Energy
- 0.6%
- Cash
- 0.0%
How it has done
NGUAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 15.10%. Past returns are a record, not a forecast.
The 8 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.80% | +20.76% | +76.13% | +81.16% | -11.26% | |
| 1.00% | +20.51% | +75.08% | +79.24% | -11.28% | |
| 1.40% | +20.08% | +73.25% | +76.12% | -11.35% | |
| 0.65% | +20.92% | +76.93% | +82.48% | -11.23% | |
| 1.02% | +20.48% | +74.96% | +79.10% | -11.28% | |
| 1.76% | +19.60% | +71.09% | +72.59% | -11.41% | |
| 1.30% | +20.16% | +73.58% | +76.63% | -11.33% | |
| 0.55% | +21.06% | +77.42% | +83.23% | -11.22% |
These classes hold the same portfolio, so the 10.64pp spread over 5 years is the cost difference between them — roughly 2.13pp a year — not a difference in what they own.
Fees & fund details
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
- Expense ratio, by class
- 0.55% – 1.76%· NGUAX 0.80%
- Portfolio turnover
- 30.00% a year · as of 2026 Q1
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
8 new
6 exited
Understand how this fund fits with the rest.
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