Neuberger Mid Cap Growth Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Neuberger Mid Cap Growth Fund held 73 positions with $2.26B in net assets. Its ten largest holdings made up 33.6% of the fund. The NMANX share class costs 0.83% a year. Over the 12 months to May 2026, NMANX returned 11.8%, with dividends reinvested. In 2026 Q2 it added 15 new positions and exited 18.
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
4.90% | $110.96M | 458.8K | $241.82 | |
3.91% | $88.54M | 280.4K | $315.71 | |
DDOGDatadog Inc | 3.86% | $87.40M | 353.4K | $247.35 |
3.70% | $83.71M | 117.6K | $711.73 | |
3.62% | $81.93M | 317.2K | $258.25 | |
3.50% | $79.13M | 241.5K | $327.66 | |
2.82% | $63.86M | 40.8K | $1,566.21 | |
2.50% | $56.52M | 30.9K | $1,828.21 | |
2.45% | $55.41M | 217.2K | $255.07 | |
Royal Caribbean Cruises Ltd | 2.38% | $53.96M | 189.6K | $284.63 |
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 | 99.90% |
| Cash & short-term | 0.77% |
By sector
- Industrials
- 27.0%
- Information Technology
- 21.6%
- Consumer Discretionary
- 14.7%
- Health Care
- 12.9%
- 6 other sectors
- 23.9%
- Industrials
- 27.0%
- Information Technology
- 21.6%
- Consumer Discretionary
- 14.7%
- Health Care
- 12.9%
- Energy
- 5.9%
- International
- 5.6%
- Communication Services
- 5.1%
- Financials
- 4.9%
- Consumer Staples
- 1.7%
- Cash
- 0.8%
How it has done
NMANX share class · total returns with dividends reinvested
Volatility over the last 12 months: 15.86%. 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 |
|---|---|---|---|---|---|
| 0.83% | +11.77% | +63.27% | +33.15% | -15.31% | |
| 0.93% | +11.59% | +62.65% | +32.46% | -15.34% | |
| 1.18% | +11.36% | +61.51% | +30.82% | -15.44% | |
| 0.68% | +11.88% | +64.01% | +34.16% | -15.28% | |
| 1.05% | +11.45% | +62.06% | +31.63% | -15.35% | |
| 1.80% | +10.64% | +58.44% | +26.81% | -15.61% | |
| 1.30% | +11.18% | +60.90% | +30.01% | -15.45% | |
| 0.58% | +12.00% | +64.49% | +34.88% | -15.23% |
These classes hold the same portfolio, so the 8.08pp spread over 5 years is the cost difference between them — roughly 1.62pp a year — not a difference in what they own.
Fees & fund details
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
- Expense ratio, by class
- 0.58% – 1.80%· NMANX 0.83%
- Portfolio turnover
- 144.00% a year · as of 2026 Q1
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.
15 new· the largest 8
18 exited· the largest 8
Understand how this fund fits with the rest.
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