Fund Evaluator:

Neuberger Large Cap Growth Inv Overview

Neuberger Large Cap Growth Inv (NGUAX) is an actively managed U.S. Equity Large Growth fund. Neuberger Berman launched the fund in 1950.

The investment seeks long-term growth of capital. The fund normally invests at least 80% of its net assets in equity securities of large-capitalization companies, which it defines as those with a market capitalization within the market capitalization range of the Russell 1000® Growth Index at the time of purchase. The Portfolio Managers employ a research driven approach to stock selection, with a long term perspective that combines both quantitative analysis and qualitative judgment.

About Neuberger Large Cap Growth Inv (NGUAX)

There are 3 members of the management team with an average tenure of 7.44 years: Charles Kantor (2015), Marc Regenbaum (2017), Raman Gambhir (2024). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Russell 1000 Growth TR USD index with a weighting of 100%. Neuberger Large Cap Growth Inv has 75 securities in its portfolio. The top 10 holdings constitute 58.0% 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 Large Cap Growth Inv is part of the Equity global asset class and is within the U.S. Equity fund group. Neuberger Large Cap Growth Inv has 6.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 88.4%. There is 6.2% allocated to foreign stock, and 0.8% 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 Large Cap Growth Inv has 0.0% of the portfolio in cash.

Assets Under Management

The fund has $2 billion in total assets, which is below the $2 billion average for the Large Growth 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.

NGUAX 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 Large Cap Growth Inv expense ratio is high compared to funds in the Large Growth category. Neuberger Large Cap Growth Inv has an expense ratio of 0.80%, which is 17% lower than its category average, making the fund expense ratio grade a C. 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 Large Cap Growth Inv has a portfolio turnover rate of 30%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 54% for the Large Growth category.

Recently, in the month of June 2026, Neuberger Large Cap Growth Inv returned -1.4%, which earned it a grade of C, as the Large Growth category had an average return of -1.3%. 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 Large Cap Growth Inv has a trailing yield of 0.00%, which is below the 0.06% category average. The fund normally distributes its income annually 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 Large Cap Growth Inv Grades

Year to date, the fund has returned 5.8%, 1.3 percentage points worse than the category, which translates into a grade of C. The fund has returned 13.2% over the past year (grade of D), 18.3% over the past three years (grade of D) and 11.0% per year over the past five years (grade of B) and 16.2% per year over the past 10 years (grade of C).

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