Neuberger Berman Next Generation Connectivity Fund A Accumulating - Unhedged

The Fund aims to achieve a target average return of 3-5% over the MSCI All-Country World Index (ACWI) (Total Return, net of tax, USD) ("Benchmark") before fees over the market cycle (typically 3 years) from investing primarily in a portfolio of global equity holdings, focusing on companies that are involved or derive benefit from the development and enhancement of mobile and 5G connectivity. There can be no guarantee that the Fund will ultimately achieve its investment objective. The Fund invests in equity securities that are listed or traded on "Recognised Markets" (defined in the Prospectus) globally (which may include emerging (less developed) market countries). The Fund may invest in companies of any market capitalisation but shall typically invest in companies that have market capitalisation greater than USD 500 million at the time of purchase. The Fund may invest in up to 30% of the Fund's Net Asset Value in China A Shares listed on or dealt in the Shanghai or the Shenzhen Stock Exchanges (SSEs). China A Shares are generally available for purchase by mainland citizens in China, foreign investment in China A Shares is subject to significant regulatory restrictions.

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