Neuberger Mid Cap Growth Fund
NEUBERGER BERMAN EQUITY FUNDS · 8 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Neuberger Mid Cap Growth Fund is an actively managed U.S. equity fund. 54% of NMANX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 89% 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 growth of capital.
The fund invests at least 80% of its net assets in mid-capitalization stocks identified through bottom-up fundamental research, seeking companies with underappreciated catalysts for growth such as new products, market share gains, regulatory developments, or operational improvements. Holdings are classified as core investments in mature secular growth stories, turn investments driven by developing catalysts, or tactical positions tied to cyclical opportunities or valuation disconnects, with positions trimmed or exited upon catalyst realization, valuation targets, or fundamental deterioration. Because returns depend on the Portfolio Managers' identification and timing of catalysts and execution of their sell discipline, performance will diverge from mid-cap market returns.
| Share class | Expense ratio |
|---|---|
| NMANX | 0.83% |
| NBMTX | 0.93% |
| NBMBX | 1.18% |
| NBMLX | 0.68% |
| NMGAX | 1.05% |
| NMGCX | 1.80% |
| NMGRX | 1.30% |
| NRMGX | 0.58% |
Portfolio turnover 144.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.90% |
| Cash & short-term | 0.77% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Industrials | 27.0% |
| Information Technology | 21.6% |
| Consumer Discretionary | 14.7% |
| Health Care | 12.9% |
| 6 smaller | 23.9% |
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
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
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +15.84% | +53.65% | +20.19% | 17.59% | -15.31% | |
| +15.77% | +53.28% | +19.62% | 17.70% | -15.34% | |
| +15.44% | +52.07% | +18.07% | 17.59% | -15.44% | |
| +16.02% | +54.36% | +21.10% | 17.68% | -15.28% | |
| +15.60% | +52.72% | +18.91% | 17.66% | -15.35% | |
| +14.74% | +49.32% | +14.54% | 17.67% | -15.61% | |
| +15.37% | +51.58% | +17.44% | 17.69% | -15.45% | |
| +16.16% | +54.83% | +21.76% | 17.65% | -15.23% |
These classes hold the same portfolio, so the 7.22pp spread over 5 years is the cost difference between them — roughly 1.44pp a year — not a difference in what they own.
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
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| NET | Cloudflare IncNET | 4.90% | $241.82 | $110.96M | 458.8K |
| VRT | Vertiv Holdings CoVRT | 3.91% | $315.71 | $88.54M | 280.4K |
| DDOG | Datadog IncDDOG | 3.86% | $247.35 | $87.40M | 353.4K |
| PWR | Quanta Services IncPWR | 3.70% | $711.73 | $83.71M | 117.6K |
| HWM | Howmet Aerospace IncHWM | 3.62% | $258.25 | $81.93M | 317.2K |
| HLT | Hilton Worldwide Holdings IncHLT | 3.50% | $327.66 | $79.13M | 241.5K |
| MPWR | Monolithic Power Systems IncMPWR | 2.82% | $1,566.21 | $63.86M | 40.8K |
| FIX | Comfort Systems USA IncFIX | 2.50% | $1,828.21 | $56.52M | 30.9K |
| TRGP | Targa Resources CorpTRGP | 2.45% | $255.07 | $55.41M | 217.2K |
| — | Royal Caribbean Cruises Ltd | 2.38% | $284.63 | $53.96M | 189.6K |
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 33.65% of net assets, top 25 59.77%, across 72 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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