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Neuberger Berman Equity Income Inst NBHIX

Analyst rating as of
NAV / 1-Day Return
14.19  /  1.43 %
Total Assets
1.2 Bil
Adj. Expense Ratio
Expense Ratio
Fee Level
Longest Manager Tenure
15.78 years
Large Value
Investment Style
Large Value
Min. Initial Investment
TTM Yield

Morningstar’s Fund Analysis NBHIX

Will NBHIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Neuberger Berman Equity Income Gets New Prospectus Benchmark; Ratings Unchanged

Analyst Note

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On April 1, 2022, Neuberger Berman Equity Income switched its prospectus benchmark to the Russell 1000 Value Index from the S&P 500. This better reflects the strategy's value orientation; indeed, the Russell 1000 Value is the index for the large-value Morningstar Category, the strategy's long-standing home. The Russell 1000 Value also more closely approximates the strategy's sector exposures. For example, its 8% net technology stake in February 2022 was well below the S&P 500's 26% but not far from the Russell 1000 Value's 9%. The Russell index's expected dividend yield was higher than the S&P's--2.2% vs. 1.5%--but this strategy bested both at nearly 3.0%. Yet, investors shouldn't expect significant portfolio changes here, given that the managers don't tie their portfolio closely to their official benchmark. Thus, the strategy's Morningstar Analyst Ratings remain in place.

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