Fund Evaluator:
Neuberger Focus Investor (NBSSX)
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Best Performing in Global Large-Stock Growth Over the Last Year
| 37.9% | T. Rowe Price Global Stock (PRGSX) |
| 36.7% | Fidelity Advisor Climate Action Z (FCLZX) |
| 36.5% | Fidelity Climate Action (FCAEX) |
| 36.0% | Fidelity Advisor Worldwide Z (FIQOX) |
| 35.9% | Fidelity Worldwide (FWWFX) |
Fund Details
Neuberger Focus Investor Overview
Neuberger Focus Investor (NBSSX) is an actively managed International Equity Global Large-Stock Growth fund. Neuberger Berman launched the fund in 1955.
The investment seeks long-term growth of capital. The fund invests in a concentrated portfolio, consisting mainly of common stocks of companies of any size that are selected using a fundamental, research driven approach. It typically holds a limited number of stocks of U.S. and non-U.S. companies, including companies in emerging markets and may invest in depositary receipts. Because of this, the fund may at times be substantially over- and under-weighted in certain economic sectors.
About Neuberger Focus Investor (NBSSX)
There are 3 members of the management team with an average tenure of 7.41 years: Timothy Creedon (2011), Hariharan Ramanan (2019), Charles Murphy (2025). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI ACWI NR USD index with a weighting of 100%. Neuberger Focus Investor has 61 securities in its portfolio. The top 10 holdings constitute 36.6% 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 Focus Investor is part of the Equity global asset class and is within the International Equity fund group. Neuberger Focus Investor has 40.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 52.9%. There is 40.3% allocated to foreign stock, and 0.5% 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 Focus Investor has 6.4% of the portfolio in cash.
Assets Under Management
The fund has $777 million in total assets, which is below the $996 million average for the Global Large-Stock 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.
NBSSX 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 Focus Investor expense ratio is high compared to funds in the Global Large-Stock Growth category. Neuberger Focus Investor has an expense ratio of 0.90%, which is 19% lower than its category average, making the fund expense ratio grade a B. 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 Focus Investor has a portfolio turnover rate of 79%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 46% for the Global Large-Stock Growth category.
Recently, in the month of June 2026, Neuberger Focus Investor returned 3.0%, which earned it a grade of A, as the Global Large-Stock Growth category had an average return of 0.8%. 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 Focus Investor has a trailing yield of 0.24%, which is below the 0.27% 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 Focus Investor Grades
Year to date, the fund has returned 9.8%, 1.0 percentage points better than the category, which translates into a grade of B. The fund has returned 17.2% over the past year (grade of B), 19.8% over the past three years (grade of B) and 7.6% per year over the past five years (grade of C) and 11.8% per year over the past 10 years (grade of D).
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NBSSX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| NBSSX Return (NAV) | 3.0% | 19.9% | 17.2% | 19.8% | 7.6% | 11.8% |
| NBSSX Grade | A | B | B | B | C | D |
| +/- Category | 2.2% | 3.8% | 1.9% | 3.1% | 0.5% | -1.2% |
| Global Large-Stock Growth Avg | 0.8% | 16.1% | 15.2% | 16.6% | 7.1% | 13.0% |
| NBSSX Tax Cost Ratio | na | na | 2.5% | 1.0% | 1.5% | 1.9% |
NBSSX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| NBSSX Return (NAV) | 9.8% | 21.4% | 21.6% | 23.7% | -31.7% | 20.3% | 24.4% | 28.4% | -8.9% | 19.3% | 7.0% |
| NBSSX Grade | B | A | B | C | F | A | D | D | D | F | A |
| +/- Category | 1.0% | 5.0% | 4.0% | -1.7% | -4.9% | 5.5% | -8.6% | -2.4% | -1.8% | -11.5% | 5.5% |
| Global Large-Stock Growth Avg | 8.8% | 16.4% | 17.6% | 25.4% | -26.8% | 14.8% | 33.0% | 30.7% | -7.1% | 30.9% | 1.5% |
| Risk Measures | |
| Standard Deviation: | 14.6% |
| Total Risk Index: | 1.20 - Above Average |
| Category Risk Index: | 0.96 - Average |
| Category Risk Grade: | C (50% Rank) |
| Beta: | 1.06 |
| R-Squared: | 84% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.2% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $849 Mil |
| Fund Total Assets: | $ 778 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 79% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 14.9 years | |||
| Average Tenure: 7.4 years | |||
| Managers (Year): Creedon Timothy (2011), Ramanan Hariharan (2019), Murphy Charles (2025) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 61 |
| % in Top 10 Holdings: | 36.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 40.3% |
Portfolio Allocation |
|
| Domestic Stock: | 52.9% |
| Foreign Stock: | 40.3% |
| Preferred Stock: | 0.5% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 6.4% |
Purchase Information
| Fund Family: | Neuberger Berman |
| Phone Number: | 800-877-9700 |
| Website: | www.nb.com |
| Status: | Closed |
| Inception Date: | October 19, 1955 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.90% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.11% |
| Share Class: | Neuberger Focus Investor |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 0 |
