Neuberger Berman Mid Cap Instrinsic Value Fd Trust
NBREX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1290 Avenue Of The Americas New York NY United States of America 10104
- IPO Date
- Jun 10, 1999
- CIK
- 0000044402
- Website
- nb.com
- Similar Companies
- Business
- Neuberger Berman Mid Cap Intrinsic Value Fund Trust (NBREX) is an open-end investment company that seeks growth of capital by investing at least 80% of its net assets in equity securities of mid-capitalization companies, defined as those within the market capitalization range of the Russell Midcap Value Index at the time of purchase; it employs a bottom-up, fundamental research-driven approach to identify undervalued stocks trading below the portfolio managers' estimate of intrinsic value, focusing on companies with strong businesses overlooked by the market. The fund offers multiple share classes including Institutional Class, Class A (NBRAX), Class R6 (NBMRX), Trust Class (NBREX), and others, with a net expense ratio of 1.25% for the Trust Class; it maintains a concentrated portfolio emphasizing sectors such as Technology (29.18%), Industrials (17.88%), and Consumer Cyclical (13.30%), with top holdings including Aptiv PLC, CenterPoint Energy Inc., Gates Industrial Corporation PLC, Teledyne Technologies Inc., and Hewlett Packard Enterprise Co. Primarily targeting institutional and retail investors seeking mid-cap value exposure, the fund operates in the United States market, with 98.48% of assets in U.S. stocks and minor allocations to non-U.S. equities. Launched on June 10, 1999, the fund is managed by Neuberger Berman Investment Advisers LLC, with headquarters at 1290 Avenue of the Americas, New York, New York 10104; the investment team includes Managing Director Michael C. Greene (since December 2011), Benjamin Nahum, Amit Solomon, Rand Gesing, James McAree (all since May 2021), and Scott Hoina (since May 2024). In May 2024, the fund changed its investment policy to become non-diversified under the Investment Company Act of 1940, enabling greater concentration in fewer holdings to potentially enhance returns; this strategic shift supports the private equity-style analysis by allowing flexibility in pursuing high-conviction intrinsic value opportunities amid market volatility. Recent portfolio repositioning through 2025 has introduced 27 new ideas across diverse sectors, aiming to improve risk/reward amid elevated discounts to intrinsic value (29% as of mid-2025), while the broader Neuberger Berman platform closed NB Strategic Co-Investment Partners V at $2.8 billion in July 2025, reflecting firm-wide momentum in co-investment strategies. The fund continues active engagement with portfolio companies on strategy and governance to enhance long-term shareholder value.