NPNEX Performance — Neuberger Berman Large Cap Value Fund, Class E
Data updated: 2026-07-27
NPNEX returned +17.49% year to date and +38.06% over one year to May 2026. The annualised 3-year return is +18.44%. The fund beat its US Large Value category average: $100 invested three years ago grew to $166, against $165 for the category, and to $138 over one year, against $124. Volatility over the past three years was 11.13% a year. In the 12 months to May 2026 the fund lost a net $347.8M, and assets reached $9.90B.
NPNEX Growth of $100
What $100 invested in Neuberger Berman Large Cap Value Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Value category average over the same months.
| Period | NPNEX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $138 | $124 |
| 3 years (Jun 2023 – May 2026) | $166 | $165 |
| Since data start (Jan 2022 – May 2026) | $157 | $152 |
NPNEX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +17.49% |
| 1 year | +38.06% |
| 3 years (annualised) | +18.44% |
NPNEX Annual Returns
Calendar-year total returns of Neuberger Berman Large Cap Value Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +17.49% |
| 2025 | +21.56% |
| 2024 | +11.74% |
| 2023 | −1.02% |
| 2022 | −0.50% |
NPNEX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +6.9% | +3.7% | −3.9% | +6.5% | +3.5% | — | — | — | — | — | — | — |
| 2025 | +4.5% | +1.0% | −1.3% | −3.6% | +3.0% | +3.7% | +0.5% | +4.1% | +1.8% | +1.2% | +3.0% | +2.0% |
| 2024 | +0.1% | +1.1% | +5.2% | −1.8% | +3.5% | −1.5% | +4.7% | +3.1% | +1.3% | −1.5% | +4.4% | −6.7% |
| 2023 | +2.8% | −4.0% | +0.9% | +1.8% | −6.1% | +4.4% | +2.2% | −2.6% | −3.6% | −2.2% | +3.6% | +2.6% |
| 2022 | +0.9% | +1.2% | +2.8% | −3.9% | +1.0% | −9.8% | +3.0% | −2.3% | −6.2% | +10.9% | +7.0% | −3.3% |
NPNEX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 11.13%
- 3-year Sharpe ratio: 1.25 (vs 4.5% risk-free rate)
- Best month: +6.94% (Jan 2026)
- Worst month: −6.71% (Dec 2024)
NPNEX Fund Flows
Monthly money in and out of Neuberger Berman Large Cap Value Fund, from SEC Form N-PORT.
- 12-month net flow: −$347.8M
- 12-month gross sales (incl. reinvestments): $1.9B
- Sales ÷ redemptions: 0.84×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $102.1M | $144.6M | −$42.4M |
| Apr 2026 | $107.1M | $160.9M | −$53.8M |
| Mar 2026 | $192.9M | $199.3M | −$6.4M |
| Feb 2026 | $328.0M | $183.7M | $144.3M |
| Jan 2026 | $113.5M | $271.6M | −$158.1M |
| Dec 2025 | $607.7M | $296.2M | $311.6M |
| Nov 2025 | $66.4M | $158.1M | −$91.7M |
| Oct 2025 | $83.7M | $148.9M | −$65.3M |
| Sep 2025 | $65.0M | $153.3M | −$88.3M |
| Aug 2025 | $81.1M | $185.8M | −$104.7M |
| Jul 2025 | $64.7M | $183.8M | −$119.1M |
| Jun 2025 | $69.9M | $143.8M | −$73.9M |
NPNEX Assets Under Management
Net assets of Neuberger Berman Large Cap Value Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $9.90B |
| 2026-02-28 | $9.46B |
| 2025-11-30 | $8.61B |
| 2025-08-31 | $8.36B |
| 2025-05-31 | $8.01B |
| 2025-02-28 | $8.56B |
| 2024-11-30 | $9.23B |
| 2024-08-31 | $9.30B |
| 2024-05-31 | $9.32B |
| 2024-02-29 | $9.97B |
| 2023-11-30 | $11.21B |
| 2023-08-31 | $12.33B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.