Investment objective & strategy
As of Feb. 10, 2026 · prospectusObjective. The Fund seeks growth of capital.
Strategy. To pursue its goal, the Fund invests mainly in common stocks of small-capitalization companies, which it defines as those with a total market capitalization within the market capitalization range of companies in the Russell 2000 Index at the time of initial purchase. The market capitalization of the companies in the Funds portfolio and the Russell 2000 Index changes over time and the Fund may continue to hold or add to a position in a company after its market capitalization has moved outside the range of the Russell 2000 Index. The Fund seeks to reduce risk by diversifying among many companies and industries. At times, the Portfolio Managers may emphasize certain sectors that they believe will benefit from market or economic … To pursue its goal, the Fund invests mainly in common stocks of small-capitalization companies, which it defines as those with a total market capitalization within the market capitalization range of companies in the Russell 2000 Index at the time of initial purchase. The market capitalization of the companies in the Funds portfolio and the Russell 2000 Index changes over time and the Fund may continue to hold or add to a position in a company after its market capitalization has moved outside the range of the Russell 2000 Index. The Fund seeks to reduce risk by diversifying among many companies and industries. At times, the Portfolio Managers may emphasize certain sectors that they believe will benefit from market or economic trends. Although the Fund invests primarily in domestic stocks, it may also invest in stocks of foreign companies. The Portfolio Managers generally look for what they believe to be undervalued companies whose current market shares and balance sheets are strong. In addition, the Portfolio Managers tend to focus on companies whose financial strength is largely based on existing business lines rather than on projected growth. Factors in identifying these firms may include: a history of above-average returns; an established market niche; circumstances that would make it difficult for new competitors to enter the market; the ability to finance their own growth; and a belief that the company has sound future business prospects. This approach is designed to let the Fund benefit from potential increases in stock prices, while endeavoring to limit the risks typically associated with small-cap stocks. As part of their fundamental investment analysis the Portfolio Managers consider environmental, social and governance factors they believe are financially material to individual investments, where applicable. While this analysis is inherently subjective and may be informed by both internally generated and third-party metrics, data and other information, the Portfolio Managers believe that the consideration of financially material environmental, social and governance factors, alongside traditional financial metrics, may enhance the Funds overall investment process. The consideration of environmental, social and governance factors does not apply to certain instruments, such as certain derivative instruments, other registered investment companies, cash and cash equivalents. The consideration of environmental, social and governance factors as part of the investment process does not mean that the Fund pursues a specific impact or sustainable investment strategy. The Portfolio Managers follow a disciplined selling strategy and may sell a security when it reaches a target price, if a companys business fails to perform as expected, or when other opportunities appear more attractive.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| VALMONT INDUSTRIES INC | — | $174.05M | 2.03% |
| LITTELFUSE INC | — | $170.94M | 2.00% |
| WHITE MOUNTAINS INS GROUP LTD | — | $166.96M | 1.95% |
| RBC BEARINGS INC | — | $161.03M | 1.88% |
| MKS INSTRUMENTS INC | — | $158.34M | 1.85% |
| TIDEWATER INC | — | $151.88M | 1.77% |
| KIRBY CORP | — | $151.05M | 1.76% |
| LATTICE SEMICONDUCTOR CORP | — | $145.33M | 1.70% |
| NEXSTAR MEDIA GROUP INC | — | $135.14M | 1.58% |
| COMMUNITY FINANCIAL SYSTEM INC | — | $133.29M | 1.56% |
Portfolio moves
Nov 30, 2025 → Feb 28, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Neuberger Berman Genesis Portfolio | 92% | 0.81% |
| Neuberger Berman Small-Mid Cap ETF · NBSM | 61% | 0.65% |
| SBH SMALL CAP CORE FUND · SBHCX, SBASX | 23% | 0.99% |
Advisers
| Firm | Role |
|---|---|
| Neuberger Berman Investment Advisers LLC | Adviser |
Footnotes
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
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