Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print Neuberger Berman AMT Sustainable Eq S Release date as of 2024-10-31. Data on page is subject to change. Snapshot Ratings & Risk Portfolio Nuts & Bolts

Morningstar Report Overall Morningstar Rating™ What is this? As of 2024-10-31 Out of 1288 Large Blend Funds Morningstar® Style Box™ What is this? As of 2024-10-31 Total Fund Assets ($ Mil) 828.91 View Historical Morningstar Star Ratings and Definitions

Investment Objective & Strategy   The investment seeks long-term growth of capital by investing primarily in securities of companies that meet the fund's environmental, social and governance (ESG) criteria. To pursue its goal, the fund invests primarily in common stocks of mid- to large-capitalization companies that meet the fund's quality oriented financial and ESG criteria. It seeks to reduce risk by investing across many different industries. The Portfolio Manager employs a fundamental, research driven approach to stock selection and portfolio construction, with a focus on long term sustainability issues that, in the judgement of the Portfolio Manager, are financially material.

Morningstar Category: Large Blend Large-blend portfolios are fairly representative of the overall US stock market in size, growth rates and price. Stocks in the top 70% of the capitalization of the US equity market are defined as large cap. The blend style is assigned to portfolios where neither growth nor value characteristics predominate. These portfolios tend to invest across the spectrum of US industries, and owing to their broad exposure, the portfolios' returns are often similar to those of the S&P 500 Index.

Investment Risks There are no additional fund specific investment risks (e.g. liquidity risk, currency risk, foreign investment risk, etc.) associated with this fund beyond the normal risks generally associated with investing in a mutual fund.

Portfolio Profile Asset Allocation % of Net Assets U.S. Stocks 93.8 Non-U.S. Stocks 6.2 Bonds 0.0 Cash 0.0 Other 0.0 Data through 2024-10-31 Morningstar Equity Sectors % of Stocks Cyclical 37.32 Basic Materials 1.62 Consumer Cyclical 12.55 Financial Services 23.15 Real Estate 0.00 Sensitive 46.57 Communication Services 7.56 Energy 1.22 Industrials 8.42 Technology 29.37 Defensive 16.11 Consumer Defensive 3.29 Healthcare 11.66 Utilities 1.16 Data through 2024-10-31 Holding Status Total Number of Stock Holdings 40 Total Number of Bond Holdings 0 % of Net Assets in Top 10 Holdings 52.98 Turnover % (as of 2023-12-31) 15.00 30 Day SEC Yield % --- Top Holdings Sector P/E % of Net Assets Microsoft Corp 33.55 8.79 Amazon.com Inc 39.83 8.75 Alphabet Inc Class A 22.69 7.48 Berkshire Hathaway Inc Class B 14.33 4.94 Mastercard Inc Class A 37.76 4.82 Interactive Brokers Group Inc Class A 23.26 4.16 GoDaddy Inc Class A 13.39 3.86 Progressive Corp 17.65 3.66 The Cigna Group 29.84 3.55 Apple Inc 37.16 2.97 Data through 2024-10-31

Principal Risks    Currency, Foreign Securities, Loss of Money, Not FDIC Insured, Nondiversification, Value Investing, Issuer, Temporary Defensive Measures, Market/Market Volatility, Equity Securities, Industry and Sector Investing, Other, Pricing, Socially Conscious, Increase in Expenses, Shareholder Activity, Management, Mid-Cap, Large Cap Show Risk Definitions

Other Information Inception Date: 2006-05-01 Portfolio Manager(s) Daniel Hanson   (2022-04-01) Daniel Hanson, CFA, Managing Director, joined the firm in January 2022. Dan is the Senior Portfolio Manager and Head of the U.S. Sustainable Equity team. Dan joined Neuberger Berman from Waddell & Reed and Ivy Investments, where he was Chief Investment Officer. Previously, he served as Head of Impact Investing for JANA Partners. Prior to that role, he was Partner and Head of U.S. Equities, and Co-Chair of the Investment Strategy Committee with Jarislowsky Fraser Global Investment Management. Previously, Dan spent 10 years at BlackRock where he launched and managed the firm’s first fundamental, active ESG strategy, the BlackRock Socially Responsible Equity strategy. Dan is involved in a number of initiatives in the area of governance, corporate reporting, and sustainable investing. Dan was a founding member of the board of directors of the Sustainable Accounting Standards Board (“SASB") in 2011. He served on the professional faculty of the University of California-Berkeley Haas School of Business, where he taught sustainable investing from 2016-2019. In that role, he was a judge for the Moskowitz Research Prize, which recognizes outstanding quantitative research in sustainable and responsible investing. Dan received his Bachelor’s Degree in Economics and French from Middlebury College, and earned an MBA, Accounting and Analytic Finance, from The University of Chicago. He is a CFA charterholder. Investment Advisor(s) Neuberger Berman Investment Advisers LLC Issuer Neuberger Berman Subadvisor(s) ---

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