Neuberger Large Cap Value Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Neuberger Large Cap Value Fund held 79 positions with $9.90B in net assets. Its ten largest holdings made up 30.3% of the fund. The NPRTX share class costs 0.75% a year. Over the 12 months to May 2026, NPRTX returned 37.1%, with dividends reinvested. In 2026 Q2 it added 6 new positions and exited 8.
The Fund seeks long-term growth of capital.
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
INTCIntel Corp | 4.13% | $409.27M | 3.6M | $114.68 |
3.84% | $379.73M | 2.6M | $145.26 | |
GVMXXState Street Global Advisors | 3.75% | $370.88M | — | — |
3.53% | $349.27M | 1.8M | $191.30 | |
2.94% | $290.83M | 1.3M | $231.15 | |
2.80% | $277.13M | 1.2M | $225.33 | |
2.70% | $267.38M | 893.3K | $299.31 | |
2.48% | $245.58M | 252.9K | $971.00 | |
GOOGAlphabet Inc | 2.07% | $204.52M | 543.3K | $376.43 |
2.06% | $203.72M | 1.7M | $120.42 |
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 79 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 | 96.09% |
| Cash & short-term | 4.43% |
By sector
- Financials
- 17.1%
- Industrials
- 14.8%
- Health Care
- 13.5%
- Information Technology
- 12.8%
- 9 other sectors
- 41.8%
- Financials
- 17.1%
- Industrials
- 14.8%
- Health Care
- 13.5%
- Information Technology
- 12.8%
- Energy
- 11.3%
- Materials
- 7.4%
- International
- 7.3%
- Cash
- 4.4%
- Communication Services
- 3.7%
- Consumer Staples
- 3.4%
- Consumer Discretionary
- 2.0%
- Utilities
- 1.8%
- Real Estate
- 0.4%
How it has done
NPRTX share class · total returns with dividends reinvested
Volatility over the last 12 months: 9.83%. Past returns are a record, not a forecast.
The 9 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.75% | +37.11% | +62.66% | +55.04% | -8.38% | |
| 0.95% | +36.78% | +61.59% | +53.42% | -8.42% | |
| 1.10% | +36.59% | +60.92% | +52.33% | -8.44% | |
| 0.60% | +37.28% | +63.40% | +56.28% | -8.34% | |
| 1.72% | +35.77% | +57.98% | +47.76% | -8.59% | |
| 1.24% | +36.39% | +60.27% | +51.28% | -8.47% | |
| 0.97% | +36.78% | +61.54% | +53.26% | -8.44% | |
| 0.50% | +37.42% | +63.81% | +56.94% | -8.33% | |
| 0.03% | +38.06% | +66.16% | — | -8.21% |
These classes hold the same portfolio, so the 8.18pp spread over 3 years is the cost difference between them — roughly 2.73pp a year — not a difference in what they own.
Fees & fund details
Neuberger Large Cap Value Fund is an actively managed U.S. equity fund. 7% of NPRTX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 92% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.03% – 1.72%· NPRTX 0.75%
- Portfolio turnover
- 106.00% 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.
6 new
8 exited
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