Needham Growth Fund Institutional Class (NEEIX)
Fund Assets | 141.38M |
Expense Ratio | 1.21% |
Min. Investment | $100,000 |
Turnover | 14.00% |
Dividend (ttm) | 2.39 |
Dividend Yield | 3.83% |
Dividend Growth | n/a |
Payout Frequency | n/a |
Ex-Dividend Date | Nov 13, 2024 |
Previous Close | 62.00 |
YTD Return | -2.28% |
1-Year Return | -9.32% |
5-Year Return | 67.98% |
52-Week Low | 46.35 |
52-Week High | 78.01 |
Beta (5Y) | n/a |
Holdings | 69 |
Inception Date | Dec 30, 2016 |
About NEEIX
The Needham Growth Fund Institutional Class is a U.S. mutual fund designed to pursue long-term, tax-efficient capital appreciation by investing primarily in the equity securities of publicly traded companies. The fund targets firms with above-average growth prospects that are available at value prices, employing a strategy focused on identifying what it terms "Quality Compounders." Its investment process has two phases: first, investing in mid-cap companies transitioning toward operational excellence, and second, maintaining positions in companies as their new products or services drive significant financial improvements and customer adoption. The portfolio is diversified across sectors but has a significant emphasis on technology and healthcare. Top holdings include companies such as Super Micro Computer, Entegris, and Thermo Fisher Scientific, reflecting its bias towards innovation-driven growth sectors. The Institutional Class requires a high minimum initial investment, caters to professional and high-net-worth clients, and is managed with a disciplined, research-intensive approach. The fund is notable for a concentrated portfolio, with a substantial portion of assets held in its top holdings, aiming to capitalize on long-term market inefficiencies for capital appreciation.
Performance
NEEIX had a total return of -9.32% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.49%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
Symbol | Share Class | Expense Ratio |
---|---|---|
NEEGX | Retail Class | 1.75% |
Top 10 Holdings
42.91% of assetsName | Symbol | Weight |
---|---|---|
Super Micro Computer, Inc. | SMCI | 7.23% |
Entegris, Inc. | ENTG | 5.34% |
Thermo Fisher Scientific Inc. | TMO | 4.69% |
PDF Solutions, Inc. | PDFS | 4.20% |
Akamai Technologies, Inc. | AKAM | 4.07% |
CarMax, Inc. | KMX | 3.81% |
Parsons Corporation | PSN | 3.71% |
Vicor Corporation | VICR | 3.59% |
Nova Ltd. | NVMI | 3.54% |
Becton, Dickinson and Company | BDX | 2.72% |
Dividend History
Ex-Dividend | Amount | Pay Date |
---|---|---|
Nov 13, 2024 | $2.39042 | Nov 13, 2024 |
Nov 10, 2022 | $0.77769 | Nov 10, 2022 |
Nov 10, 2021 | $4.62687 | Nov 10, 2021 |
Nov 11, 2020 | $3.20132 | Nov 11, 2020 |
Nov 8, 2019 | $4.74886 | Nov 8, 2019 |
Nov 9, 2018 | $5.88021 | Nov 9, 2018 |