Fund Evaluator:
Neuberger Equity Income C (NBHCX)
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Fund Details
Neuberger Equity Income C Overview
Neuberger Equity Income C (NBHCX) is an actively managed U.S. Equity Large Value fund. Neuberger Berman launched the fund in 2008.
The investment seeks total return emphasizing both current income and capital appreciation. The fund invests in income-oriented equity securities that the portfolio managers believe will be able to grow their dividends over time. The portfolio managers strives to deliver a total return similar to the Russell 1000® Value Index with lower volatility relative to the Russell 1000® Value Index. Additionally, the fund seeks to generate a current yield that is greater than the average current yield for stocks in the Russell 1000® Value Index.
About Neuberger Equity Income C (NBHCX)
There are 4 members of the management team with an average tenure of 15.20 years: Alexandra Pomeroy (2006), William Hunter (2012), Shawn Trudeau (2018), Richard Levine (2006). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Russell 1000 TR USD index with a weighting of 100% and Russell 1000 Value TR USD index with a weighting of 100%. Neuberger Equity Income C has 70 securities in its portfolio. The top 10 holdings constitute 27.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Neuberger Equity Income C is part of the Equity global asset class and is within the U.S. Equity fund group. Neuberger Equity Income C has 26.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 71.9%. There is 26.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Neuberger Equity Income C has 1.6% of the portfolio in cash.
Assets Under Management
The fund has $36 million in total assets, which is below the $1 billion average for the Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
NBHCX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Neuberger Equity Income C expense ratio is high compared to funds in the Large Value category. Neuberger Equity Income C has an expense ratio of 1.84%, which is 99% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Neuberger Equity Income C has a portfolio turnover rate of 31%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Large Value category.
Recently, in the month of July 2026, Neuberger Equity Income C returned 2.4%, which earned it a grade of C, as the Large Value category had an average return of 2.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Neuberger Equity Income C has a trailing yield of 0.81%, which is below the 1.20% category average. The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Neuberger Equity Income C Grades
Year to date, the fund has returned 7.8%, 6.4 percentage points worse than the category, which translates into a grade of F. The fund has returned 16.2% over the past year (grade of F), 12.7% over the past three years (grade of F) and 8.3% per year over the past five years (grade of F) and 8.3% per year over the past 10 years (grade of F).
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NBHCX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| NBHCX Return (NAV) | 2.4% | 0.9% | 16.2% | 12.7% | 8.3% | 8.3% |
| NBHCX Grade | C | F | F | F | F | F |
| +/- Category | -0.5% | -5.3% | -7.7% | -2.9% | -2.5% | -3.0% |
| Large Value Avg | 2.9% | 6.2% | 23.8% | 15.7% | 10.9% | 11.3% |
| NBHCX Tax Cost Ratio | na | na | 0.6% | 1.1% | 1.5% | 1.4% |
NBHCX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| NBHCX Return (NAV) | 7.8% | 18.4% | 12.1% | 2.7% | -5.2% | 20.3% | 1.7% | 20.3% | -6.6% | 12.1% | 13.9% |
| NBHCX Grade | F | A | D | F | C | F | D | F | B | F | C |
| +/- Category | -6.4% | 3.2% | -2.0% | -9.1% | 0.9% | -5.4% | -2.1% | -5.3% | 1.9% | -4.3% | -0.6% |
| Large Value Avg | 14.3% | 15.2% | 14.1% | 11.8% | -6.0% | 25.8% | 3.8% | 25.6% | -8.5% | 16.4% | 14.6% |
| Risk Measures | |
| Standard Deviation: | 11.3% |
| Total Risk Index: | 0.92 - Average |
| Category Risk Index: | 0.93 - Below Average |
| Category Risk Grade: | B (23% Rank) |
| Beta: | 0.55 |
| R-Squared: | 40% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 0.8% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $1028 Mil |
| Fund Total Assets: | $ 36 Mil |
| Share Class Type: | C |
| Portfolio Turnover: | 31% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 19.8 years | |||
| Average Tenure: 15.2 years | |||
| Managers (Year): Pomeroy Alexandra (2006), Levine Richard (2006), Hunter William (2012), Trudeau Shawn (2018) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 70 |
| % in Top 10 Holdings: | 27.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 26.5% |
Portfolio Allocation |
|
| Domestic Stock: | 71.9% |
| Foreign Stock: | 26.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.6% |
Purchase Information
| Fund Family: | Neuberger Berman |
| Phone Number: | 800-877-9700 |
| Website: | www.nb.com |
| Status: | Open |
| Inception Date: | June 9, 2008 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 1.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 1.00% |
Expenses and Fees | |
| Expense Ratio (%): | 1.84% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.93% |
| Share Class: | Neuberger Equity Income I |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 0 |
