Neiman Large Cap Value Fund
NEIMX
NASDAQ- -
USD
- -
- -
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
- Williamsville, NY 14221 New York NY United States of America 10104
- IPO Date
- Jun 12, 2003
- CIK
- 0001215880
- Website
- nb.com
- Similar Companies
- Business
- Neiman Large Cap Value No-Load (NEIMX) is a diversified open-end mutual fund that seeks long-term capital appreciation by investing primarily in common stocks of large capitalization U.S. companies deemed undervalued by its investment adviser, Neiman Funds Management LLC; the fund employs a risk mitigation strategy that includes purchasing dividend-paying value stocks, actively managing the portfolio by adding or removing holdings based on value criteria, and selling covered call options on portions of portfolio holdings to generate premium income and enhance yield. Core offerings consist of No-Load shares (NEIMX), available with a minimum initial investment of $2,500 and additional investments of $100, and Class A shares (NEAMX), subject to a maximum front-end sales charge of 5.75%; the fund also provides semi-annual distributions from net investment income and realized gains, with a net expense ratio of 1.46% after waivers. It maintains a sector-agnostic approach with significant allocations to technology, consumer defensive, financial services, energy, and industrials, holding approximately 41 securities including top positions in Costco Wholesale Corp., RTX Corp., Apple Inc., Charles Schwab Corp., and Microsoft Corp., alongside a small cash position and written call options; real estate investment trusts and money market funds comprise minor portions of assets under management, which total approximately $37 million. The fund operates within the large value category, targeting individual and institutional investors seeking income from dividends and covered call premiums alongside capital growth, with a low portfolio turnover rate of around 12-25%; it is domiciled in the United States, available for sale solely in the U.S., and priced daily at net asset value. Neiman Funds, organized as an Ohio business trust on January 3, 2003, with the Neiman Large Cap Value Fund commencing operations on April 1, 2003, is headquartered at 305 Spindrift Drive, Williamsville, NY 14221; Neiman Funds Management LLC, organized in 2009 and serving as adviser since inception under lead portfolio manager Daniel Neiman, oversees investment decisions from this location, supported by partners with over 60 years of combined experience across affiliated entities totaling around $400 million in assets. No significant acquisitions, mergers, funding rounds, partnerships, new product launches, or strategic reorganizations have been reported for the fund or its adviser in the last 1-2 years; the strategy and share classes remain consistent with prior periods, with ongoing expense waivers maintaining the net expense ratio at 1.46%.