Neuberger Berman Sustainable Equity Fund I Class (NBSLX)
| Fund Assets | 1.82B |
| Expense Ratio | 0.70% |
| Min. Investment | $1,000,000 |
| Turnover | 8.00% |
| Dividend (ttm) | 2.92 |
| Dividend Yield | 5.88% |
| Dividend Growth | -26.47% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 16, 2024 |
| Previous Close | 51.93 |
| YTD Return | 4.27% |
| 1-Year Return | 13.02% |
| 5-Year Return | 105.74% |
| 52-Week Low | 43.15 |
| 52-Week High | 53.35 |
| Beta (5Y) | 0.94 |
| Holdings | 46 |
| Inception Date | Nov 28, 2007 |
About NBSLX
The Neuberger Berman Sustainable Equity Fund Institutional Class is a U.S.-focused mutual fund that seeks long-term capital appreciation by investing primarily in common stocks of mid- to large-capitalization companies. The fund distinguishes itself through a rigorous integration of environmental, social, and governance (ESG) criteria into its investment process, selecting companies that demonstrate high quality financials and leadership in sustainability practices. It employs a Quality at a Reasonable Price (QARP) approach, targeting businesses with robust free cash flow, prudent management, and strong stakeholder relationships, aiming to drive long-term shareholder value. Notably, the fund maintains a concentrated portfolio of 35-45 holdings, underscoring its high-conviction, fundamental research-driven methodology. Active ownership is central to its philosophy, with direct engagement and shareholder advocacy across material sustainability matters—ranging from climate action and human capital to governance and ethical supply chains. Established as one of the pioneering ESG mutual funds, the fund plays a prominent role in advancing sustainable investing within the large-cap U.S. equity space, serving institutional investors seeking both financial returns and positive societal impact.
Performance
NBSLX had a total return of 13.02% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.58%.
Top 10 Holdings
52.82% of assets| Name | Symbol | Weight |
|---|---|---|
| Amazon.com, Inc. | AMZN | 8.55% |
| Microsoft Corporation | MSFT | 8.43% |
| Alphabet Inc. | GOOGL | 7.74% |
| Interactive Brokers Group, Inc. | IBKR | 5.32% |
| State Street Treasury Money Market Fund | SSJXX | 4.73% |
| Berkshire Hathaway Inc. | BRK.B | 4.35% |
| Mastercard Incorporated | MA | 4.06% |
| Kyndryl Holdings, Inc. | KD | 3.43% |
| GoDaddy Inc. | GDDY | 3.42% |
| Applied Materials, Inc. | AMAT | 2.79% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 16, 2024 | $2.9198 | Dec 17, 2024 |
| Dec 15, 2023 | $3.9708 | Dec 18, 2023 |
| Dec 15, 2022 | $3.5782 | Dec 16, 2022 |
| Dec 14, 2021 | $4.9712 | Dec 15, 2021 |
| Dec 14, 2020 | $2.6905 | Dec 15, 2020 |
| Dec 16, 2019 | $3.4711 | Dec 17, 2019 |