Neuberger Berman Sustainable Equity Fund
NBSRX
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
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- New York, NY 10158-0006 New York NY United States of America 10158-0006
- IPO Date
- Mar 16, 1994
- CIK
- 0000044402
- Website
- nb.com
- Similar Companies
- Business
- Neuberger Berman Sustainable Equity Fund (NBSRX) is an open-end mutual fund that seeks long-term growth of capital by investing primarily in common stocks of mid- to large-capitalization U.S. companies meeting the fund's environmental, social, and governance (ESG) criteria; it maintains a high-conviction portfolio of 35-45 holdings selected through a fundamental, quality-oriented sustainable investing process emphasizing financial strength, competitive advantages, and sustainability factors such as climate change mitigation, energy efficiency, water management, board governance, and ethical business practices. The fund categorizes its sustainable focus across environmental (32%), social (42%), and governance (26%) pillars, engaging with over 100% of portfolio holdings, C-level management (200+ meetings), and board directors (15+ members) on multi-stakeholder topics; while primarily domestic-focused (95%+ U.S. equities), it may allocate up to 3-5% to non-U.S. stocks for diversification across sectors like technology (27%), financial services (24%), and consumer cyclical (12%). Launched on March 16, 1994, and domiciled in the United States with total net assets of approximately $1.96 billion, the fund operates within the large blend category under manager Daniel Hanson, who assumed responsibility on April 1, 2022. In recent developments, Neuberger Berman, the fund's investment adviser and an employee-owned firm founded in 1939 with headquarters at 1290 Avenue of the Americas, New York, NY, announced simplifications to certain funds' names effective as of late 2025 for marketing clarity, aligning with ongoing enhancements to its sustainable equity strategies. The firm, managing $558 billion in assets across equities, fixed income, private equity, and alternatives with operations in 26 countries, completed a significant growth investment via its Capital Solutions group into sustainability software provider Sphera in September 2025, partnering alongside Blackstone to bolster ESG risk management tools amid rising institutional demand. Additionally, Neuberger Berman closed its NB Strategic Co-Investment Partners V fund at $2.8 billion in July 2025, exceeding its target and underscoring expansion in private equity co-investments that complement its public sustainable equity offerings like NBSRX.