NRAAX Performance — Neuberger Berman Quality Equity Fund, Class A
Data updated: 2026-07-27
NRAAX returned +11.25% year to date and +27.74% over one year to May 2026. Annualised returns are +24.92% over 3 years and +13.41% over 5 years. The fund beat its Thematic Equity category average: $100 invested three years ago grew to $195, against $175 for the category, and to $128 over one year, against $125. Volatility over the past three years was 12.85% a year. In the 12 months to May 2026 the fund took in a net $1.9B, and assets reached $4.19B.
NRAAX Growth of $100
What $100 invested in Neuberger Berman Quality Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Thematic Equity category average over the same months.
| Period | NRAAX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $128 | $125 |
| 3 years (Jun 2023 – May 2026) | $195 | $175 |
| 5 years (Jun 2021 – May 2026) | $188 | $149 |
| Since data start (Sep 2019 – May 2026) | $279 | $237 |
NRAAX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +11.25% |
| 1 year | +27.74% |
| 3 years (annualised) | +24.92% |
| 5 years (annualised) | +13.41% |
NRAAX Annual Returns
Calendar-year total returns of Neuberger Berman Quality Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +11.25% |
| 2025 | +17.16% |
| 2024 | +27.96% |
| 2023 | +26.53% |
| 2022 | −18.77% |
| 2021 | +23.19% |
| 2020 | +19.12% |
| 2019 (Sep–Dec) | +10.92% |
NRAAX 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 | +1.3% | 0.0% | −5.1% | +12.0% | +3.4% | — | — | — | — | — | — | — |
| 2025 | +5.3% | −3.2% | −4.8% | 0.0% | +5.1% | +3.1% | +1.1% | +1.6% | +1.9% | +0.9% | +0.8% | +4.6% |
| 2024 | +2.5% | +6.1% | +3.4% | −3.0% | +3.5% | +2.8% | +1.8% | +1.9% | +1.0% | −1.0% | +7.2% | −0.8% |
| 2023 | +5.4% | −2.7% | +3.4% | +1.8% | +0.4% | +6.4% | +2.1% | −1.3% | −4.0% | −0.5% | +8.1% | +5.6% |
| 2022 | −5.1% | −2.7% | +1.8% | −8.1% | −0.6% | −8.2% | +9.1% | −4.4% | −9.1% | +8.1% | +5.4% | −4.8% |
| 2021 | −0.9% | +3.9% | +4.3% | +4.2% | +0.5% | +0.7% | +2.8% | +1.0% | −4.8% | +5.8% | −2.0% | +6.1% |
| 2020 | −1.9% | −7.3% | −13.8% | +12.2% | +4.8% | +1.4% | +6.3% | +5.2% | −2.0% | −0.7% | +12.7% | +3.9% |
| 2019 | — | — | — | — | — | — | — | — | +2.8% | +1.4% | +3.2% | +3.1% |
NRAAX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 12.85%
- 3-year Sharpe ratio: 1.59 (vs 4.5% risk-free rate)
- Best month: +12.01% (Apr 2026)
- Worst month: −5.09% (Mar 2026)
NRAAX Fund Flows
Monthly money in and out of Neuberger Berman Quality Equity Fund, from SEC Form N-PORT.
- 12-month net flow: $1.9B
- 12-month gross sales (incl. reinvestments): $2.5B
- Sales ÷ redemptions: 4.17×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $784.3M | $105.3M | $679.0M |
| Apr 2026 | $453.1M | $38.6M | $414.4M |
| Mar 2026 | $287.6M | $62.8M | $224.8M |
| Feb 2026 | $307.1M | $43.7M | $263.4M |
| Jan 2026 | $193.6M | $30.7M | $162.9M |
| Dec 2025 | $101.1M | $38.5M | $62.6M |
| Nov 2025 | $101.9M | $94.9M | $7.1M |
| Oct 2025 | $35.0M | $31.4M | $3.6M |
| Sep 2025 | $37.5M | $28.0M | $9.5M |
| Aug 2025 | $39.3M | $44.0M | −$4.8M |
| Jul 2025 | $79.8M | $48.5M | $31.2M |
| Jun 2025 | $40.5M | $23.8M | $16.7M |
NRAAX Assets Under Management
Net assets of Neuberger Berman Quality Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $4.19B |
| 2026-02-28 | $2.54B |
| 2025-11-30 | $1.99B |
| 2025-08-31 | $1.90B |
| 2025-05-31 | $1.75B |
| 2025-02-28 | $1.63B |
| 2024-11-30 | $1.61B |
| 2024-08-31 | $1.54B |
| 2024-05-31 | $1.47B |
| 2024-02-29 | $1.50B |
| 2023-11-30 | $1.35B |
| 2023-08-31 | $1.33B |
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.