# Neuberger Berman Emerging Market Debt - Hard Currency Fund
EUR I Accumulating Class	
31 August 2022

## MORNINGSTAR ANALYST RATING™
CUMULATIVE PERFORMANCE	
Past performance does not predict future returns.

### 160

### 145

## FUND OBJECTIVE
The fund aims to achieve a target average return of 1-2% over the benchmark before fees over a market cycle (typically 3 years) by investing primarily in hard currency-denominated debt (defined as USD, EUR, GBP, JPY, CHF) issued in emerging (less developed) countries. There can be no guarantee that the fund will ultimately achieve its investment objective and capital invested is at risk. Investments may be made in investment grade, high yield or unrated debt securities. Investment grade refers to sovereign and corporate issuers with a higher credit rating. The

### 130

### Growth

### 115

### 100

### 85

### Dec 13	Dec 15		Dec 17	Dec 19	Dec 21 Fund		Benchmark

### fund systematically applies Environmental, Social and Governance

### ("ESG") criteria in the selection of securities.

## MANAGEMENT TEAM

### Rob Drijkoningen

### Co-Head of Emerging Markets Debt

### Gorky Urquieta

### Co-Head of Emerging Markets Debt

### Bart van der Made

### Senior Portfolio Manager

## FUND FACTS

### Inception Date (Fund)	31 May 2013

### Inception Date (Share Class)	31 May 2013 Base Currency (Fund)		USD

### Currency (Share Class)	EUR

### Fund AUM (USD million)2438.54

### NAV (Share Class Currency)10.17

### Domicile	Ireland

### Vehicle	UCITS

### Valuation	Daily

### Settlement (Subscription)	T+3

### Trading Deadline	15:00 (Dublin Time)

### Regulator	Central Bank of Ireland Management Fee		0.70%

### Ongoing Charge*	0.80%

### Initial Sales Charge (Max)	0.00%

### Bloomberg	NBEDEIA ID

### ISIN	IE00B986G486

### Morningstar Category™	Global Emerging Markets Bond -

### EUR Biased

### Benchmark		JPMorgan EMBI Global Diversified (Total Return, USD)

### This chart shows how an investment of EUR 100 in the fund on its inception date would have performed and compares it against
| how a hypothetical investment of USD 100 in the Benchmark(s) would have performed. |
| --- |
| PERFORMANCE (%) 1 | 1m2 | 3m | 2	YTD2 | 1y2 | 3y3 | 5y3 | 10y3 | SI 3,4 |
| Fund | -0.68 | -7.96	-22.13 | -25.93 | -7.76 | -4.35 | - | 0.18 |
| Benchmark | -0.95 | -4.41	-18.78 | -20.82 | -5.24 | -1.33 | - | 1.92 |
| 12 MONTH PERIODS (%)	 Aug12 Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 |
| Fund |  | -  16.05 | -3.75 | 14.37 | 5.66 | -6.30 | 8.91 | 1.23 | 4.65 -25.93 |
| Benchmark | - | 14.61 | -1.15 | 14.24 | 5.02 | -3.37 | 13.77 | 2.73 | 4.59 -20.82 |
| CALENDAR (%) | 20135 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 20226 |
| Fund | -1.90 | 8.15 | -1.51 | 10.43 | 11.79 | -8.68 | 11.88 | 3.49 | -4.25 -22.13 |
| Benchmark | -2.32 | 7.43 | 1.18 | 10.15 | 10.26 | -4.26 | 15.04 | 5.26 | -1.80 -18.78 |

The fund is actively managed, which means that the investments are selected at the discretion of the investment manager. The Benchmark is used for performance comparison purposes and because the fund’s investment policy restricts the extent to which the fund's holdings may deviate from the Benchmark.
1

### Performance to latest month end. YTD - Year to Date, SI - Since Inception.
2

### Returns for these periods are cumulative.
3

### Returns are annualised for periods longer than one year.
4

### Returns from 31 May 2013 to latest month end.
5

### Data shown since the share class inception date.
6

### Performance for the current calendar year is the year to date.
Fund performance is representative of the EUR I Accumulating Class and has been calculated to account for the deduction of fees. Investors who subscribe in a currency other than the base currency of the fund should note that returns may increase or decrease as a result of currency fluctuations. Fund performance does not take account of any commission or costs incurred by investors when subscribing for or redeeming shares. Where a benchmark is shown, the benchmark shown is provided in the base currency of the fund and therefore may not be a fair representative comparison to the hedged currency share class shown. The difference in the currency exposure and currency fluctuations in an unhedged benchmark may cause an unintended differential in any performance
|  | or risk comparison. |  |
| --- | --- | --- |
| TOP 10 ISSUERS % (MV) | Fund | Bmrk |
| Egypt (Arab Republic Of) | 3.42 | 2.37 |
| Colombia (Republic Of) | 3.27 | 2.71 |
| Indonesia (Republic Of) | 3.01 | 2.53 |
| Romania (Republic Of) | 3.00 | 1.77 |
| Petroleos Mexicanos | 2.87 | 2.05 |
| Janub Gaz Dahlizi Gsj | 2.74 | 0.36 |
| Dominican Republic (Government) | 2.68 | 2.82 |
| Argentina (Republic Of Government) | 2.65 | 1.06 |
|  |  | Côte D'Ivoire (Republic Of) | 2.45 | 0.38 |

NK KazMunayGaz AO	2.380.92

## CONTACT
Client Services: +44 (0)20 3214 9096
Client Services: +353 1 241 7116 Email: Clientservices@nb.com
Website: www.nb.com	*The ongoing charges figure is based on the annual expenses for the period ending 31 December 2021.

### Calls are recorded	
For Professional Client Use Only

### Page 1 of 6

## RISK CONSIDERATIONS
Market Risk: The risk of a change in the value of a position as a result of underlying market factors, including among other things, the overall performance of companies and the market perception of the global economy.
Liquidity Risk: The risk that the fund may be unable to sell an investment readily at its fair market value. In extreme market conditions this can affect the fund’s ability to meet redemption requests upon demand.
Emerging Markets Risk: Emerging markets are likely to bear higher risk due to a possible lack of adequate financial, legal, social, political and economic structures, protection and stability as well as uncertain tax positions which may lead to lower liquidity. The NAV of the fund may experience medium to high volatility due to lower liquidity and the availability of reliable information, as well as due to the fund's investment policies or portfolio management techniques.

### Credit Risk: The risk that bond issuers may fail to meet their interest repayments, or repay debt, resulting in temporary or permanent losses to the fund.

### Interest Rate Risk: The risk of interest rate movements affecting the value of fixed-rate bonds.
Derivatives Risk: The fund is permitted to use certain types of financial derivative instruments (including certain complex instruments). This may increase the fund’s leverage significantly which may cause large variations in the value of your share. Investors should note that the fund may achieve its investment objective by investing principally in Financial Derivative Instruments (FDI). There are certain investment risks that apply in relation to the use of FDI. The fund’s use of FDI can involve significant risks of loss.

### Counterparty Risk: The risk that a counterparty will not fulfil its payment obligation for a trade, contract or other transaction, on the due date.

### Operational Risk: The risk of direct or indirect loss resulting from inadequate or failed processes, people and systems including those relating to the safekeeping of assets or from external events.
Currency Risk: Investors who subscribe in a currency other than the base currency of the fund are exposed to currency risk. Fluctuations in exchange rates may affect the return on investment. Where past performance is shown it is based on the share class to which this factsheet relates. If the currency of this share class is different from your local currency, then you should be aware that due to exchange rate fluctuations the performance shown may increase or decrease if converted into your local currency.

### For full information on the risks please refer to the fund prospectus and KIID.
|  | Fund | Bmrk |
| --- | --- | --- |
| Romania | 0.34 | 0.13 |
| Mexico | 0.63 | 0.44 |
| Côte D'Ivoire | 0.20 | 0.02 |
| Colombia | 0.37 | 0.22 |
| Egypt | 0.26 | 0.13 |
| Azerbaijan | 0.16 | 0.03 |
| Supranational | 0.09 | 0.00 |
| Argentina | 0.14 | 0.06 |


## TOP 10 COUNTRIES BY ACTIVE SPREAD DURATION CONTRIBUTION (YEARS)
TOP 10 COUNTRY ALLOCATIONS % (MV)
| Mexico | 5.74 | 5.15 |
| --- | --- | --- |
| Indonesia | 4.81 | 5.13 |
| Azerbaijan | 4.31 | 0.86 |
| Colombia | 3.92 | 2.71 |
| Peru | 3.84 | 2.96 |
| Egypt | 3.75 | 2.48 |
| United Arab Emirates | 3.24 | 4.75 |
| Kazakhstan | 3.11 | 2.49 |
| Romania | 3.00 | 1.77 |

Fund	Bmrk

## SECTOR ALLOCATIONS % (MV)
Fund	Bmrk
Sovereign	56.2979.91
| Quasi Sovereign | 22.19 | 20.02 |
| --- | --- | --- |
| Corporates | 10.11 | 0.00 |
| Cash & Equivalents | 9.21 | 0.00 |
| Supranational | 1.66 | 0.00 |
| Sub Sovereign | 0.55 | 0.07 |

| Angola | 0.16 | 0.08 |  | China |  | 2.98 | 5.08 |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |
| India | 0.12 | 0.03 |  |  |  |  |  |
| CREDIT QUALITY % (MV) |  |  |  |  | Fund |  | Bmrk |  | CHARACTERISTICS | Fund | Bmrk |
| AA |  |  |  |  | 4.77 |  | 7.51 |  | Time to Maturity (years) | 14.20 | 12.19 |
| A |  |  |  |  | 4.39 |  | 15.97 |  | Weighted Average Yield to | 10.07 | 7.61 |
| BBB |  |  |  |  | 22.91 |  | 28.30 |  | Maturity (%) |  |  |
| BB |  |  |  |  | 30.22 |  | 22.20 |  | Weighted Average Current Yield | 7.87 | 6.35 |
| B |  |  |  |  | 16.82 |  | 20.52 |  | (%) |  |  |
| CCC |  |  |  |  | 5.73 |  | 3.98 |  | Duration (years) | 7.10 | 7.16 |
| CC |  |  |  |  | 1.50 |  | 0.27 |  | OAS (Basis points) | 636 | 406 |
| C |  |  |  |  | 0.16 |  | 0.02 |  | Average Credit Quality | BB | BB+ |
| D |  |  |  |  | 2.52 |  | 0.97 |  | Number of Securities | 302 | 935 |
| Not rated |  |  |  |  | 1.78 |  | 0.27 |  |  |  |  |
| Cash & Equivalents |  |  |  |  | 9.21 |  | 0.00 |  |  |  |  |

Source: Bloomberg Barclays PLC. Bloomberg Barclays credit quality rating is based on the conservative average of Moody’s, S&P, and Fitch. If Moody's, S&P and Fitch all provide a credit rating, the rating is the median of the three agency ratings. If only two agencies provide ratings, the rating is the more conservative rating. If only one agency provides a rating, then the rating reflects that agency's rating. If none of the agencies provide ratings, the security is considered not rated and may be assigned an equivalent rating by the investment adviser.
| DURATION DISTRIBUTION % (MV) |  |  |  | RISK MEASURES |  |
| --- | --- | --- | --- | --- | --- |
|  | Fund | Bmrk |  |  | 3 years |
| Less than 1 year | 10.92 | 1.99 |  | Alpha (%) | -1.76 |
| 1 - 3 years | 6.78 | 16.42 |  | Tracking Error (%) | 2.75 |
| 3 - 5 years | 16.68 | 22.56 |  | Beta | 1.13 |
| 5 - 7 years | 18.89 | 16.91 |  | Sharpe Ratio | -0.54 |
| 7 - 10 years | 21.99 | 15.64 |  | Information Ratio | -0.92 |
| 10 - 15 years | 18.44 | 19.02 |  | R-Squared (%) | 97.49 |
| 15 - 20 years | 5.26 | 7.13 |  | Standard Deviation | 14.09 |
| 20+ years | 0.25 | 0.13 |  |  |  |
| None | 0.79 | 0.19 |  |  |  |

Lower Risk	Higher Risk
The synthetic risk and reward indicator is provided for the EUR I Accumulating Class. For more details refer
Typically Lower Rewards	Typically Higher Rewards to the KIID.
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| --- | --- | --- | --- | --- | --- | --- |

| I SHARE CLASS DATA |  |
| --- | --- |
| Share Class | Currency | Inception Date (Share Class) | ISIN | Bloomberg | VALOR | Minimum Investment |
| AUD I Distributing Class | AUD | 26-05-2020 | IE00B986FB81 | NEDHCAI ID | 53616359 | 2,500,000 |
| EUR I Accumulating Class | EUR | 31-05-2013 | IE00B986G486 | NBEDEIA ID | 21540291 | 2,500,000 |
| EUR I Accumulating Class Unhedged | EUR | 17-09-2019 | IE00BK5V1269 | NBEEHCI ID | 49916528 | 2,500,000 |
| EUR I Distributing Class | EUR | 07-10-2016 | IE00B986GB56 | NBEMEID ID | 29792576 | 2,500,000 |
| GBP I Accumulating Class | GBP | 16-12-2016 | IE00BDDNB708 | NBMDGIA ID | 34841734 | 2,500,000 |
| GBP I Distributing Class | GBP | 21-02-2018 | IE00BZ1D2402 | NBEDGID ID | 21540523 | 2,500,000 |
| JPY I Accumulating Class | JPY | 11-12-2017 | IE00BD4H0D07 | NBEDIAJ ID | 21540543 | 250,000,000 |
| SEK I Accumulating Class - Unhedged | SEK | 14-04-2020 | IE00BLDG8V83 | NEDHCSI ID | 54101186 | 12,500,000 |
| USD I Accumulating Class | USD | 31-05-2013 | IE00B99K4563 | NBEDUIA ID | 21540705 | 2,500,000 |
| USD I Distributing Class | USD | 31-05-2013 | IE00B99K4670 | NBEDUID ID | 21540963 | 2,500,000 |

Some share classes listed are subject to restrictions, please refer to the fund's prospectus for further details.
Investors who subscribe in a currency different from their local currency should note that the costs may increase or decrease as a result of currency and exchange rate fluctuations. For a full glossary of terms, please refer to www.nb.com/glossary
Before subscribing please refer to prospectus and the Key Investor Information Document www.nb.com/europe/literature

## ESG DISCLOSURES
The fund complies with the Sustainable Finance Disclosure Regulation (the “SFDR”) and is classified as an Article 8 SFDR fund. Neuberger Berman takes sustainability and the promotion of Environmental, Social, Governance (“ESG”) very seriously and incorporates them into our investment process. For more information on sustainability-related aspects pursuant to SFDR please visit the ESG Investing section on www.nb.com/europe/. When making the decision to invest in the fund, investors should take into account all the characteristics or objectives of the fund as described in the legal documents.

## IMPORTANT INFORMATION

### Except for performance, the data shown is for the fund and is not specific to the share class, it has not been adjusted to reflect the different fees and expenses of the share class. Performance of another share class may vary from the results shown based on differences in fees and expenses, and currency.

### Source: Neuberger Berman, Blackrock Aladdin and Morningstar.
The sub-investment managers for the Neuberger Berman Emerging Market Debt - Hard Currency Fund are Neuberger Berman Investment Advisers LLC, Neuberger Berman Singapore Pte. Limited and Neuberger Berman Europe Limited.

### This document is addressed to professional clients/qualified investors only.
European Economic Area (EEA): This is a marketing document and is issued by Neuberger Berman Asset Management Ireland Limited, which is regulated by the Central Bank Ireland and is registered in Ireland, at MFD Secretaries Limited, 32 Molesworth Street, Dublin 2.
United Kingdom and outside the EEA: This document is a financial promotion and is issued by Neuberger Berman Europe Limited, which is authorised and regulated by the Financial Conduct Authority and is registered in England and Wales, at The Zig Zag Building, 70 Victoria Street, London, SW1E 6SQ.
Neuberger Berman Europe Limited is also a registered investment adviser with the Securities and Exchange Commission in the US, and the Dubai branch is regulated by the Dubai Financial Services Authority in the Dubai International Financial Centre.
This fund is a sub-fund of Neuberger Berman Investment Funds PLC, authorised by the Central Bank of Ireland pursuant to the European Communities (Undertaking for Collective Investment in Transferable Securities) Regulations 2011, as amended. The information in this document does not constitute investment advice or an investment recommendation and is only a brief summary of certain key aspects of the fund. Investors should read the prospectus and the key investor information document (KIID) which are available on our website: www.nb.com/europe/literature. Further risk information, investment objectives, fees and expenses and other important information about the fund can be found in the prospectus. The fees and charges paid by the Fund will reduce the return on your investment. Certain costs paid by the Fund will be charged in USD, EUR, GBP, CHF, CNY, HKD, DKK, SGD or other currencies and exchange rate fluctuations may cause these costs to increase or decrease when converted into your local currency.
The KIID may be obtained free of charge in Danish, Dutch, English, Finnish, French, German, Greek, Icelandic, Italian, Norwegian, Portuguese, Spanish and Swedish (depending on where the relevant sub- fund has been registered for marketing), and the prospectus and prospectus supplements may be obtained free of charge in English, French, German, Italian and Spanish, from www.nb.com/europe/literature, from local paying agents (a list of which can be found in Annex III of the prospectus), or by writing to Neuberger Berman Investment Funds plc, c/o Brown Brothers Harriman Fund Administration Service (Ireland) Ltd, 30 Herbert Street, Dublin 2, Ireland.
Neuberger Berman Asset Management Ireland Limited may decide to terminate the arrangements made for the marketing of its funds in all or a particular country. A summary of the investors’ rights is available in English on: www.nb.com/europe/literature
This document is presented solely for information purposes and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. We do not represent that this information, including any third-party information, is complete and it should not be relied upon as such.
No recommendation or advice is being given as to whether any investment or strategy is suitable for a particular investor. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of any investment, and should consult its own legal counsel and financial, actuarial, accounting, regulatory and tax advisers to evaluate any such investment.
It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. Investors may not get back the full amount invested. Any views or opinions expressed may not reflect those of the firm as a whole.

### All information is current as of the date of this material and is subject to change without notice.
The fund described in this document may only be offered for sale or sold in jurisdictions in which or to persons to which such an offer or sale is permitted. The fund can only be promoted if such promotion is made in compliance with the applicable jurisdictional rules and regulations. This document and the information contained therein may not be distributed in the US.

### Indices are unmanaged and not available for direct investment.
An investment in the fund involves risks, with the potential for above average risk, and is only suitable for people who are in a position to take such risks. For more information please read the prospectus which can be found on our website at: www.nb.com/europe/literature.
Past performance is not a reliable indicator of current or future results. The value of investments may go down as well as up and investors may not get back any of the amount invested. The performance data does not take account of the commissions and costs incurred by investors when subscribing for or redeeming shares.
The value of investments designated in another currency may rise and fall due to exchange rate fluctuations in respect of the relevant currencies. Adverse movements in currency exchange rates can result in a decrease in return and a loss of capital.

### Tax treatment depends on the individual circumstances of each investor and may be subject to change, investors are therefore recommended to seek independent tax advice.
Investment in the fund should not constitute a substantial proportion of an investor’s portfolio and may not be appropriate for all investors. Diversification and asset class allocation do not guarantee profit or protect against loss.
Notice to investors in Switzerland: This is an advertising document. Neuberger Berman Investment Funds plc is established in Ireland as an investment company with variable capital incorporated with limited liability under Irish law, and the sub-funds are also authorised by the Swiss Financial Market Supervisory Authority (FINMA) for offering and/or advertising to non-qualified investors in and from Switzerland. The Swiss representative and paying agent is BNP Paribas Securities Services, Paris, succursale de Zurich, Selnaustrasse 16, CH-8002 Zürich, Switzerland. The prospectus, the key investor information documents, the memorandum and articles of association and the annual and semi-annual reports are all available free of charge from the representative in Switzerland.
Notice to investors in Spain: The Fund Neuberger Berman Investment Fund plc is registered with the Comisión Nacional del Mercado de Valores (“CNMV”) under registration number 295 in Spain. Notice to investors in Israel: This document has not been approved by the Israeli Securities Authority and will only be distributed to Israeli residents in a manner that will not constitute “an offer to the public” under sections 15 and 15a of the Securities Law, 1968 (“the Securities Law”) or section 25 of the Joint Investment Trusts Law, 1994 (“the Joint Investment Trusts Law”), as applicable. The Shares are being offered to a limited number of investors (35 investors or fewer during any given 12 month period) and/or those categories of investors listed in the first schedule (“the Schedule”) to the Securities Law (“Sophisticated Investors”), as amended from time to time, who also qualify as Qualified Clients (as defined in the Regulation of Investment Advice, Investment Marketing and Investment Portfolio Management, 1995 (“the Investment Advice Law”)); in all cases under circumstances that will fall within the private placement exemption or other exemptions of the Securities Law, the Joint Investment Trusts Law and any applicable guidelines, pronouncements or rulings issued from time to time by the Israel Securities Authority. An offeree identifying itself as a Sophisticated Investor will be required to confirm in writing that it falls within one of the criteria for being deemed as such (and, in certain cases, additionally to provide third party confirmation of the same) and that it is aware of the consequences of being classified as a Sophisticated Investor. This document may not be reproduced or used for any other purpose, nor be furnished to any other person other than those to whom copies have been sent. As a prerequisite to the receipt of a copy of this document a recipient may be required by the issuer to provide confirmation that it is a Sophisticated Investor purchasing Shares for its own account or, where applicable, for other Sophisticated Investors. If any recipient in Israel of a copy of this document is not a Sophisticated Investor or has not been notified by Neuberger Berman Europe Limited that it falls within the limited number of investors referred to above, such recipient should promptly return this document to Neuberger Berman Europe Limited. Any offeree who purchases Shares is purchasing such Shares for his or its own benefit and account and not with the aim or intention of distributing or offering such Shares to other parties (other than, in the case of an offeree which is an Sophisticated Investor by virtue of it being a banking corporation, portfolio manager or member of the Tel Aviv Stock Exchange, as defined in the Schedule, where such offeree is purchasing Shares for another party which is an Sophisticated Investor). Nothing in this document should be considered as investment advice or investment marketing, as defined in the Investment Advice Law. Neuberger Berman Europe Limited is not licensed under the Investment Advice Law, nor does it carry the insurance as required of a licensee thereunder. Investors are encouraged to seek competent investment advice from a locally licensed investment adviser prior to making the investment, as well as legal, business and tax advice from competent local advisers. This document does not constitute an offer to sell or solicitation of an offer to buy any securities or fund units other than the Shares offered hereby, nor does it constitute an offer to sell to or solicitation of an offer to buy from any person or persons in any state or other jurisdiction in which such offer or solicitation would be unlawful, or in which the person making such offer or solicitation is not qualified to do so, or to a person or persons to whom it is unlawful to make such offer or solicitation.
Notice to investors in Bahrain: The document has not been reviewed or approved by the Central Bank of Bahrain which takes no responsibility for its contents. No offer to the public to purchase the fund will be made in the Kingdom of Bahrain and this document is intended to be read by the addressee only and must not be passed to, issued to, or shown to the public generally. The Central Bank of Bahrain and the Bahrain stock exchange assume no responsibility for the accuracy and completeness of the statements and information contained in this document and expressly disclaim any liability whatsoever for any loss howsoever arising from reliance upon the whole or any part of the contents of this document.
Notice to investors in the Dubai International Finance Center: This document is issued by Neuberger Berman Europe Limited (“NBEL”) which is authorised and regulated by the UK Financial Conduct Authority (“FCA”) and is registered in England and Wales, at The Zig Zag Building, 70 Victoria Street, London, SW1E 6SQ and is also a Registered Investment Adviser with the Securities and Exchange Commission (“SEC”) in the U.S. and regulated by the Dubai Financial Services Authority.This document relates to a fund which is not subject to any form of regulation or approval by the Dubai Financial Services Authority (“DFSA”). The DFSA has no responsibility for reviewing or verifying any prospectus or other documents in connection with this fund. Accordingly, the DFSA has not approved the prospectus or any other associated documents nor taken any steps to verify the information set out in this document, and has no responsibility for it. The units to which this document relates may be illiquid and/or subject to restrictions on their resale. Prospective purchasers should conduct their own due diligence on the units. If you do not understand the contents of this document you should consult an authorised financial adviser. This offer is not directed to retail clients.
Note to investors in Kuwait: This document is not for general circulation to the public in Kuwait. The funds have not been licensed for offering in Kuwait by the Kuwait Capital Markets Authority or any other relevant Kuwaiti government agency. The offering of the funds in Kuwait on the basis of a private placement or public offering is, therefore, restricted in accordance with Law No. 7 of 2010 and the bylaws thereto (as amended). No private or public offering of the funds is being made in Kuwait, and no agreement relating to the sale of the funds will be concluded in Kuwait. No marketing or solicitation or inducement activities are being used to offer or market the funds in Kuwait.
Note to Residents of the Sultanate of Oman: The information contained in this document neither constitutes a public offer of securities in the Sultanate of Oman as contemplated by the Commercial Companies Law of Oman (Royal Decree 18/2019) or the Capital Market Law of Oman (Royal Decree 80/98), nor does it constitute an offer to sell, or the solicitation of any offer to buy Non-Omani securities in the Sultanate of Oman as contemplated by Article 139 of the Executive Regulations to the Capital Market Law (issued by Decision No.1/2009). Additionally, this document is not intended to lead to the conclusion of any contract of whatsoever nature within the territory of the Sultanate of Oman.
Note to investors in Qatar: The fund is only being offered to a limited number of investors who are willing and able to conduct an independent investigation of the risks involved in an investment in such fund. The promotional documentation does not constitute an offer to the public and is for the use only of the named addressee and should not be given or shown to any other person (other than employees, agents or consultants in connection with the addressee’s consideration thereof). The fund has not been and will not be registered with the Qatar Central Bank or under any laws of the State of Qatar. No transaction will be concluded in your jurisdiction and any inquiries regarding the fund should be made to Neuberger Berman Europe Limited.
Note to Investors in Saudi Arabia: The Interests may only be offered and sold in the Kingdom of Saudi Arabia in accordance with Article 94 of the Investment Funds Regulations issued on December 24, 2006 (the “Regulations”). Article 94(a) of the Regulations states that, if investment fund units are offered to sophisticated investors, as specified in Article 74(b) of the Regulations, or the minimum amount payable per offeree is not less than Saudi Riyals 1 million or an equivalent amount in another currency, such offer of investment fund units shall be deemed a private placement for purposes of the Regulations. Investors are informed that Article 101 of the Regulations places restrictions on secondary market activity with respect to such investment fund units.
For United Arab Emirates (excluding Dubai International Financial Centre and Abu Dhabi global market) residents only: This document, and the information contained herein, does not constitute, and is not intended to constitute, a public offer of securities in the United Arab Emirates (“UAE”) and accordingly should not be construed as such. The units are only being offered to a limited number of exempt investors in the UAE who fall under one of the following categories of Exempt Qualified Investors: (1) an investor which is able to manage its investments on its own (unless such person wishes to be classified as a retail investor), namely: (a) the federal government, local governments, and governmental entities, institutions and authorities, or companies wholly-owned by any such entities; (b) foreign governments, their respective entities, institutions and authorities or companies wholly owned by any such entities; (c) international entities and organisations; (d) entities licensed by the Securities and
Commodities Authority (the “SCA”) or a regulatory authority that is an ordinary or associate member of the International Organisation of Securities Commissions (a “Counterpart Authority”); or (e) any legal person that meets, as at the date of its most recent financial statements, at least two of the following conditions: (i) it has a total assets of AED 75 million; (ii) it has a net revenues of AED 150 million; (iii) it has total net equities or paid capital of AED 7 million; or (2) a natural person licensed by the SCA or a Counterpart Authority to carry out any of the functions related to financial activities or services, (each an “Exempt Qualified Investor”). The Units have not been approved by or licensed or registered with the UAE Central Bank, the SCA, the Dubai Financial Services Authority, the Financial Services Regulatory Authority or any other relevant licensing authorities or governmental agencies in the UAE (the “Authorities”). The Authorities assume no liability for any investment that the named addressee makes as an Exempt Qualified Investor. The document is for the use of the named addressee only and should not be given or shown to any other person (other than employees, agents or consultants in connection with the addressee's consideration thereof). In addition, the Units may also be offered to a limited number of investors in the UAE who (a) are willing and able to conduct an independent investigation of the risks involved in an investment in such Units, and (b) upon their specific request. The document is for the use of the named addressee only, who has specifically requested it without a promotion effected by Neuberger Berman Europe Limited, its promoters or the distributors of its units, and should not be given or shown to any other person (other than employees, agents or consultants in connection with the addressee's consideration thereof). No transaction will be concluded in the UAE and any enquiries regarding the Units should be made to Neuberger Berman Europe Limited.
© 2022 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. For more detailed information about Morningstar’s Rating, including its category rating methodology, please go to https://shareholders.morningstar.com/investor-relations/governance/Compliance-- Disclosure/default.aspx
No part of this document may be reproduced in any manner without prior written permission of Neuberger Berman. The “Neuberger Berman” name and logo are registered service marks of Neuberger Berman Group LLC.

### © 2022 Neuberger Berman Group LLC. All rights reserved.

Translation (ENIT, 2022-08-31):
# Neuberger Berman Emerging Market Debt - Hard Currency Fund
Classe I in EUR ad accumulazione	
31 agosto 2022

## MORNINGSTAR ANALYST RATING™
RENDIMENTO CUMULATO	
La performance passata non è un indicatore affidabile dei risultati
attuali o futuri.
160

## OBIETTIVO DEL FONDO
Il fondo si prefigge un obiettivo medio di rendimento che superi dell'1-2% quello del benchmark al lordo delle commissioni lungo un intero ciclo di mercato (solitamente 3 anni), investendo principalmente in debito societario denominato in valuta forte (USD, EUR, GBP, JPY e CHF) emesso nei paesi dei mercati emergenti (ossia meno sviluppati). Non è possibile garantire che il fondo conseguirà il suo obiettivo d'investimento, pertanto il capitale investito è a rischio. [È possibile investire in titoli investment grade,
145
Crescita
130
115
100
85
dic 13	dic 15		dic 17	dic 19	dic 21 Fondo		Benchmark

### high yield o privi di rating. I titoli investment grade sono titoli emessi da Stati sovrani o società che hanno rating creditizi più elevati.]Il fondo applica sistematicamente i criteri ESG
Questo grafico mostra l'andamento di un investimento di EUR 100 nel Fondo alla data di lancio rispetto a un ipotetico investimento
| di USD 100 nell'Indice/negli Indici di rifer RENDIMENTO (%) 1	 1 mese2 | imento. 3 mesi | Da inizio anno | 1 anno2 | 3 anni3 | 5 anni3 | 10 anni3	Dal lancio3,4 |
| --- | --- | --- | --- | --- | --- | --- |
| Fondo | -0,68 | -7,96	-22,13 | -25,93 | -7,76 | -4,35 | -	0,18 |
| Benchmark | -0,95 | -4,41	-18,78 | -20,82 | -5,24 | -1,33 | -	1,92 |
| Periodi di 12 mesi (in %)	 Ago12 Ago13 Ago14 Ago15 Ago16 Ago17 Ago18 Ago19 Ago20 Ago21 Ago13 Ago14 Ago15 Ago16 Ago17 Ago18 Ago19 Ago20 Ago21 Ago22 |
| Fondo | -  16,05 | -3,75 | 14,37 | 5,66 | -6,30 | 8,91 | 1,23 | 4,65 -25,93 |
| Benchmark | -  14,61 | -1,15 | 14,24 | 5,02 | -3,37 | 13,77 | 2,73 | 4,59 -20,82 |
| ANNO SOLARE (%) | 20135 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 20226 |
| Fondo | -1,90 | 8,15 | -1,51 | 10,43 | 11,79 | -8,68 | 11,88 | 3,49 | -4,25 -22,13 |
| Benchmark | -2,32 | 7,43 | 1,18 | 10,15 | 10,26 | -4,26 | 15,04 | 5,26 | -1,80 -18,78 |


### (ambientali, sociali e di governance) alla selezione dei titoli.	
22

## TEAM DI GESTIONE

### Rob Drijkoningen

### Co-responsabile del team Emerging Markets Debt

### Gorky Urquieta

### Co-responsabile del team Emerging Markets Debt

### Bart van der Made

### Gestore di Portafoglio Senior

## CARATTERISTICHE

### Data di lancio (Fondo)	31 maggio 2013 Data di lancio (Classe di

### Azioni)	31 maggio 2013

### Valuta di denominazione (Fondo)	USD

### Valuta (Classe di Azioni)	EUR

### Masse del Fondo (in milioni di USD)	2438,54

### NAV (Valuta della Classe di Azioni)	10,17

### Domicilio	Irlanda

### Veicolo	UCITS

### Valutazione	Giornaliera

### Regolamento (Sottoscrizioni)				T+3 Termine per la negoziazione		15:00 (ora di Dublino) Regolatore	Banca Centrale Irlandese Commissione di gestione			0,70%

### Spese correnti*	0,80%

### Commissione di entrata iniziale (max)		0,00% Bloomberg	NBEDEIA ID

### ISIN	IE00B986G486

### Categoria Morningstar™	Obbligazionari Paesi Emergenti EUR

### Benchmark		JPMorgan EMBI Global Diversified (Total Return, USD)
Il Fondo è gestito attivamente e la selezione delle posizioni è a discrezione del gestore. Il Benchmark è utilizzato solo a scopo di confronto della performance e la politica d'investimento del Fondo limita la misura in cui le posizioni del Fondo possano deviare dal Benchmark.
1
Rendimento fino alla fine del mese più recente.
2
I rendimenti per questi periodi sono cumulati.
3
I rendimenti sono annualizzati per periodi superiori all’anno.
4
I rendimenti fanno riferimento al periodo che decorre tra il 31 maggio 2013 e la fine del mese più recente.
5
Dati mostrati dalla data di lancio della Classe di Azione.
6
Il rendimento per l’anno solare corrente è il rendimento dall’inizio dell’anno.
| PRIMI 10 EMITTENTI % (VM) |  |
| --- | --- |
|  | Fondo | Bmrk |
| Egypt (Arab Republic Of) | 3,42 | 2,37 |
| Colombia (Republic Of) | 3,27 | 2,71 |
| Indonesia (Repubblica di) | 3,01 | 2,53 |
| Romania (Republic Of) | 3,00 | 1,77 |
| Petroleos Mexicanos | 2,87 | 2,05 |
| Janub Gaz Dahlizi Gsj | 2,74 | 0,36 |
| Dominican Republic (Government) | 2,68 | 2,82 |
| Argentina Repubblica di governo | 2,65 | 1,06 |
| Costa d'Avorio (Repubblica di) | 2,45 | 0,38 |
| NK KazMunayGaz AO | 2,38 | 0,92 |

Il rendimento del fondo è rappresentativo della Classe I in EUR ad accumulazione ed è stato calcolato con la deduzione delle spese. Gli investitori sottoscriventi quote in valuta diversa dalla valuta di denominazione del comparto potranno verificare aumenti o riduzioni dei rendimenti a causa delle fluttuazioni valutarie. La performance del comparto non tiene conto di alcuna commissione o costi sostenuti dagli investitori quando si sottoscrivono o riscattano azioni. Questi dati si riferiscono al passato. Quando viene mostrato un benchmark, il benchmark indicato viene fornito nella valuta di base del fondo e, pertanto, potrebbe non costituire una comparazione rappresentativa rispetto alla classe di azioni con copertura valutaria indicata. La differenza nell'esposizione valutaria e nelle oscillazioni valutarie in un benchmark non sottoposto a copertura può determinare una differenza non intenzionale in qualsiasi raffronto delle performance o del rischio.

## CONTATTI
Client Services: +44 (0)20 3214 9096
Client Services: +353 1 241 7116 E-mail: Clientservices@nb.com
Sito web: www.nb.com	*Le spese correnti si basano sulle spese annuali per il periodo che termina il 31 dicembre 2021.
Le telefonate vengono registrate.	
AD USO ESCLUSIVO DEGLI INVESTITORI PROFESSIONALI
Pagina 1 di 5

## CONSIDERAZIONI SUI RISCHI
Rischio di mercato: Rischio di variazioni del valore di una posizione per fattori di mercato sottostanti, tra cui, fra le altre cose, l’andamento generale delle società e la percezione del mercato dell’economia mondiale.
Rischio di liquidità: Rischio che il Fondo non riesca a vendere un investimento prontamente al suo corretto valore di mercato. In condizioni di mercato estreme, ciò potrebbe compromettere la capacità del Fondo di soddisfare tempestivamente le richieste di rimborso.
Rischio legato ai mercati emergenti: I mercati emergenti possono implicare un rischio maggiore dovuto alla possibile mancanza di strutture finanziarie, legali, sociali, politiche ed economiche adeguate, di protezione e stabilità, nonché per regimi fiscali incerti che potrebbero causare una riduzione della liquidità. Il NAV del fondo può subire una volatilità medio-alta a causa di una minore liquidità e disponibilità d’informazioni affidabili, nonché delle politiche d’investimento del fondo o delle tecniche di gestione del portafoglio.

### Rischio di credito: Rischio che l’emittente di un’obbligazione non adempia al pagamento degli interessi o del capitale, portando a perdite temporanee o definitive per il Fondo.

### Rischio di tasso d’interesse: Rischio di variazioni dei tassi d’interesse che influenzano il valore delle obbligazioni a tasso fisso.
Rischio connesso ai derivati: Il Fondo può utilizzare determinate tipologie di strumenti finanziari derivati (compresi alcuni strumenti complessi). Ciò può accrescere notevolmente la leva finanziaria del Fondo, causando ampie variazioni al valore delle azioni. L’uso del fondo di strumenti finanziari derivati può comportare significativi rischi di perdita. Si fa presente agli investitori che il Fondo può conseguire il suo obiettivo investendo principalmente in Strumenti Finanziari Derivati (SFD). Ci sono alcuni rischi d’investimento relativi all’uso degli SFD.

### Rischio di controparte: Rischio che la controparte non adempia ai suoi obblighi di pagamento per un’operazione, un contratto o altra transazione, alla data prevista.

### Rischio operativo: Rischio di perdite dirette o indirette dovute a processi, personale o sistemi inadeguati o non efficaci, compresa la custodia degli attivi e ad altri eventi esterni.
Rischio valutario: Gli investitori che effettuano sottoscrizioni in una valuta diversa dalla valuta di base del Fondo sono esposti al rischio valutario. Le oscillazioni dei tassi di cambio possono compromettere il rendimento dell’investimento. Dove indicati, i rendimenti passati si riferiscono alla classe di azioni oggetto della presente scheda informativa. Qualora la valuta della classe di azioni sia diversa dalla valuta locale dell’investitore, le variazioni del tasso di cambio potrebbero aumentare o ridurre tali rendimenti dopo la conversione.

### Per l’informativa completa sui rischi, si prega di fare riferimento al Prospetto ed al KIID.
|  | Fondo | Bmrk |
| --- | --- | --- |
| Messico | 5,74 | 5,15 |
| Indonesia | 4,81 | 5,13 |
| Azerbaigian | 4,31 | 0,86 |
| Colombia | 3,92 | 2,71 |
| Perù | 3,84 | 2,96 |
| Egitto | 3,75 | 2,48 |
| Emirati Arabi Uniti | 3,24 | 4,75 |
| Kazakistan | 3,11 | 2,49 |
| Romania | 3,00 | 1,77 |
| Cina | 2,98 | 5,08 |

ALLOCAZIONE AI PRIMI 10 PAESI PER CONTRIBUZIONE DURATION DELLA SPREAD ATTIVA (ANNI)
ALLOCAZIONE AI PRIMI 10 PAESI (VM) %
ALLOCAZIONE SETTORIALE % (VM)
|  | Fondo | Bmrk |
| --- | --- | --- |
| Governativi | 56,29 | 79,91 |
| Semi-Governativi | 22,19 | 20,02 |
| Corporate | 10,11 | 0,00 |
| Liquidità | 9,21 | 0,00 |
| Sovranazionale | 1,66 | 0,00 |
| Sub Sovereign | 0,55 | 0,07 |

|  | Fondo | Bmrk |
| --- | --- | --- |
| Romania | 0,34 | 0,13 |
| Messico | 0,63 | 0,44 |
| Costa d'Avorio | 0,20 | 0,02 |
| Colombia | 0,37 | 0,22 |
| Egitto | 0,26 | 0,13 |
| Azerbaigian | 0,16 | 0,03 |
| Sovranazionale | 0,09 | 0,00 |
| Argentina | 0,14 | 0,06 |
| Angola | 0,16 | 0,08 |
| India | 0,12 | 0,03 |

| QUALITÀ CREDITIZIA % (VM) |  |  |  | CARATTERISTICHE |  |
| --- | --- | --- | --- | --- | --- |
|  | Fondo | Bmrk |  |  | Fondo | Bmrk |
| AA | 4,77 | 7,51 |  | Scadenza media (anni) | 14,20 | 12,19 |
| A | 4,39 | 15,97 |  | Rendimento medio ponderato | 10,07 | 7,61 |
| BBB | 22,91 | 28,30 |  | alla scadenza (%) |  |  |
| BB | 30,22 | 22,20 |  | Rendimento medio ponderato | 7,87 | 6,35 |
| B | 16,82 | 20,52 |  | corrente (%) |  |  |
| CCC | 5,73 | 3,98 |  | Duration (anni) | 7,10 | 7,16 |
| CC | 1,50 | 0,27 |  | OAS (pb) | 636 | 406 |
| C | 0,16 | 0,02 |  | Qualità media del credito | BB | BB+ |
| D | 2,52 | 0,97 |  | Numero di investimenti | 302 | 935 |
| Senza Rating | 1,78 | 0,27 |  |  |  |  |
| Liquidità | 9,21 | 0,00 |  |  |  |  |

Fonte: Bloomberg Barclays PLC. Rating credito di Bloomberg basato sulla media arrotondata per difetto di Moody's, S&P e Fitch. Se Moody's, S&P e Fitch forniscono tutti un rating sul credito, il rating sarà la mediana delle valutazioni delle tre agenzie. Se solamente due agenzie forniscono un rating, il rating sarà il più conservativo dei due. Se solamente un'agenzia fornisce una valutazione, il rating rifletterà la valutazione di quella agenzia. Se nessuna delle agenzie fornisce una valutazione, il titolo viene considerato senza rating e può essere assegnato un rating equivalente dalla società di gestione.
| DISTRIBUZIONE DELLA DURATION % (VM) |  |  |  | MISURE DI RISCHIO |  |
| --- | --- | --- | --- | --- | --- |
|  | Fondo | Bmrk |  |  | 3 anni |
| Meno di 1 anno | 10,92 | 1,99 |  | Alpha (%) | -1,76 |
| 1 - 3 anni | 6,78 | 16,42 |  | Errore di replicazione (%) | 2,75 |
| 3 - 5 anni | 16,68 | 22,56 |  | Beta | 1,13 |
| 5 - 7 anni | 18,89 | 16,91 |  | Sharpe Ratio | -0,54 |
| 7 - 10 anni | 21,99 | 15,64 |  | Information Ratio | -0,92 |
| 10 - 15 anni | 18,44 | 19,02 |  | R-Quadro (%) | 97,49 |
| 15 - 20 anni | 5,26 | 7,13 |  | Deviazione Standard | 14,09 |
| Oltre 20 anni | 0,25 | 0,13 |  |  |  |
| Nessuna | 0,79 | 0,19 |  |  |  |


### Rischio più basso	Rischio più elevato

### L’indicatore sintetico di rischio e di rendimento riguarda Classe I in EUR ad accumulazione. Per

### Rendimenti generalmente più bassi

### Rendimenti generalmente maggiori dettagli, si faccia riferimento al KIID. più elevati
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| --- | --- | --- | --- | --- | --- | --- |

| DATI SULLA CLASSE DI AZIONI |  |
| --- | --- |
| Classe di Azioni | Valuta | Data di lancio (Classe di Azioni) | ISIN | Bloomberg | VALOR | Investimento minimo |
| Classe I in AUD a distribuzione | AUD | 26-05-2020 | IE00B986FB81 | NEDHCAI ID | 53616359 | 2.500.000 |
| Classe I in EUR ad accumulazione | EUR | 31-05-2013 | IE00B986G486 | NBEDEIA ID | 21540291 | 2.500.000 |
| Classe I in EUR ad accumulazione Unhedged | EUR | 17-09-2019 | IE00BK5V1269 | NBEEHCI ID | 49916528 | 2.500.000 |
| Classe I in EUR a distribuzione | EUR | 07-10-2016 | IE00B986GB56 | NBEMEID ID | 29792576 | 2.500.000 |
| Classe I in GBP ad accumulazione | GBP | 16-12-2016 | IE00BDDNB708 | NBMDGIA ID | 34841734 | 2.500.000 |
| Classe I in GBP a distribuzione | GBP | 21-02-2018 | IE00BZ1D2402 | NBEDGID ID | 21540523 | 2.500.000 |
| Classe I in JPY ad accumulazione | JPY | 11-12-2017 | IE00BD4H0D07 | NBEDIAJ ID | 21540543 | 250.000.000 |
| Classe I in SEK ad accumulazione Unhedged | SEK | 14-04-2020 | IE00BLDG8V83 | NEDHCSI ID | 54101186 | 12.500.000 |
| Classe I in USD ad accumulazione | USD | 31-05-2013 | IE00B99K4563 | NBEDUIA ID | 21540705 | 2.500.000 |
| Classe I in USD a distribuzione | USD | 31-05-2013 | IE00B99K4670 | NBEDUID ID | 21540963 | 2.500.000 |


### Alcune delle classi di azioni riportate sono soggette a restrizioni, per favore fare riferimento al prospetto del fondo per maggiori informazioni.
Gli investitori sottoscriventi quote in valuta diversa dalla loro valuta locale potrebbero verificare aumenti o riduzioni dei costi a causa delle fluttuazioni valutarie e dei tassi di cambio. Per un glossario completo dei termini, si rimanda all'indirizzo www.nb.com/glossary

### Prima di sottoscrivere, consultare il Prospetto e il Documento contenente le informazioni chiave per gli investitori all'indirizzo www.nb.com/europe/literature

## INFORMATIVA ESG
Il fondo è conforme alla Sustainable Finance Disclosure Regulation (la "SFDR") ed è classificato come un fondo SFDR Articolo 8. Neuberger Berman prende seriamente la sostenibilità e la promozione dei principi Environmental, Social, Governance ("ESG") e li incorpora attentamente nel processo di investimento. Per maggiori informazioni sugli aspetti legati alla sostenibilità e la SFDR, si invita a visitare la sezione Investimenti ESG sul sito web www.nb.com/europe/. Al momento della scelta d’investimento nel comparto, gli investitori dovrebbero considerare tutte le caratteristiche e gli obiettivi del fondo come descritti sui documenti legali.

## INFORMAZIONI IMPORTANTI

### Fatta eccezione per le performance, i dati quivi riportati si riferiscono al fondo e non a una specifica classe di azioni e non sono stati rettificati per riflettere le varie commissioni e spese della classe di azioni.

### Le performance di un’altra classe di azioni possono differenziarsi dai risultati indicati in virtù delle diverse commissioni e spese applicate e della sua valuta di base.

### Fonte: Neuberger Berman, Blackrock Aladdin e Morningstar.
I gestori aggiunti degli investimenti del Neuberger Berman Emerging Market Debt - Hard Currency Fund sono Neuberger Berman Investment Advisers LLC, Neuberger Berman Singapore Pte. Limited e Neuberger Berman Europe Limited.

### Il presente documento è destinato esclusivamente a clienti professionali/investitori qualificati.
Spazio economico europeo (SEE): il presente è un documento di marketing pubblicato da Neuberger Berman Asset Management Ireland Limited, regolamentato dalla Banca Centrale d’Irlanda e registrato in Irlanda, presso MFD Secretaries Limited, 32 Molesworth Street, Dublino 2.
Regno Unito e paesi terzi del SEE: Il presente documento ha la finalità di promozione finanziaria ed è pubblicato da Neuberger Berman Europe Limited, società autorizzata e regolamentata dalla Financial Conduct Authority e iscritta in Inghilterra e Galles, con sede in The Zig Zag Building, 70 Victoria Street, Londra, SW1E 6SQ.
Neuberger Berman Europe Limited è inoltre consulente di investimento registrato presso la Securities and Exchange Commission negli Stati Uniti e la filiale di Dubai è regolata dalla Dubai Financial Services Authority nel Dubai International Financial Center.
Il presente fondo è un comparto della Neuberger Berman Investment Funds PLC, autorizzato dalla Banca centrale d’Irlanda ai sensi del Regolamento europeo sugli organismi d’investimento collettivo in valori mobiliari del 2011 (Undertaking for Collective Investment in Transferable Securities), e successive modifiche. Le informazioni contenute nel presente documento non costituiscono una consulenza o una raccomandazione in materia di investimenti, bensì una breve sintesi di alcuni aspetti chiave del fondo. Gli investitori sono tenuti a leggere il prospetto e il documento contenente le informazioni chiave per gli investitori (KIID), disponibili sul nostro sito Web: www.nb.com/europe/literature. Ulteriori informazioni su rischi, obiettivi di investimento, commissioni e spese e altre informazioni importanti sul fondo sono disponibili nel prospetto. Le spese e le commissioni pagate al fondo ridurranno i rendimenti. Alcuni costi pagati dal fondo saranno incorsi in USD, EUR, GBP, CHF, CNY, HKD, DKK, SGD o altre valute e le fluttuazioni dei tassi di cambio potranno comportare un aumento o una diminuzione dei costi quando convertiti nella valuta locale dell’investitore.
È possibile ottenere gratuitamente il KIID in lingua danese, olandese, Inglese, finlandese, francese, tedesca, greca, Islandese, italiana, norvegese, portoghese, spagnola e svedese (a seconda del paese in cui il relativo comparto è stato registrato per la commercializzazione); analogamente, è possibile ottenere gratuitamente il prospetto e i relativi supplementi in inglese, francese, tedesco, italiano e spagnolo, presso www.nb.com/europe/literature, gli agenti per i pagamenti locali (di cui l’elenco figura nell’allegato III del prospetto), oppure scrivendo a Neuberger Berman Investment Funds plc, c/o Brown Brothers Harriman Fund Administration Service (Ireland) Ltd, 30 Herbert Street, Dublino 2, Irlanda.
Neuberger Berman Asset Management Ireland Limited può decidere di porre fine agli accordi sottoscritti per la commercializzazione dei suoi fondi in tutti o in un determinato paese. Una sintesi dei diritti degli investitori è disponibile in inglese sul sito Web: www.nb.com/europe/literature
Avviso per gli investitori in Svizzera: il presente è un documento pubblicitario. Neuberger Berman Investment Funds plc è costituita in Irlanda come società di investimento con capitale variabile a responsabilità limitata ai sensi della legge irlandese; i comparti sono inoltre autorizzati dall’Autorità federale di vigilanza sui mercati finanziari (FINMA) per la distribuzione e/o la promozione a investitori non qualificati in Svizzera e dalla Svizzera. Il rappresentante, nonché agente per i pagamenti svizzero è BNP Paribas Securities Services, Paris, succursale de Zurich, Selnaustrasse 16, CH-8002 Zurigo, Svizzera. Il prospetto, i documenti contenenti le informazioni chiave per gli investitori, il memorandum e lo statuto, nonché le relazioni annuali e semestrali sono disponibili gratuitamente presso il rappresentante svizzero.

### Avviso per gli investitori in Spagna: Neuberger Berman Investment Fund plc è registrata presso la Comisión Nacional del Mercado de Valores (“CNMV”) in Spagna con il numero di registrazione 295.
Il presente documento ha unicamente scopo informativo e nulla al suo interno rappresenta una consulenza d’investimento, legale o fiscale, né una raccomandazione di acquisto, vendita o detenzioni di titoli.

### Non dichiariamo che le presenti informazioni, inclusi dati di terzi, siano complete ed esse non devono pertanto essere considerate come tali.
Non vengono fatte raccomandazioni, né dati consigli sull’idoneità di un eventuale investimento o strategia per un dato investitore. Ciascun destinatario del presente documento deve effettuare le indagini che ritiene necessarie per giungere a una valutazione indipendente di qualsiasi investimento che intende effettuare e deve consultare il proprio consulente legale, nonché i consulenti finanziari, attuariali, contabili, normativi e fiscali per valutare tali investimenti.
Non si deve supporre che eventuali investimenti in titoli, società, settori o mercati identificati e descritti siano o saranno redditizi. Non è previsto il rimborso dell’intero importo investito. Qualsiasi opinione o parere espresso potrebbe non rispecchiare le opinioni e i pareri della società nel suo insieme.

### Tutte le informazioni sono attuali alla data di redazione del presente materiale, il quale è soggetto a modifiche senza preavviso.
Il fondo descritto nel presente documento può essere offerto per la vendita o venduto solo in giurisdizioni in cui o a persone a cui tale offerta o vendita è consentita. Il fondo può essere promosso solo se tale promozione è effettuata in conformità con le norme e i regolamenti giurisdizionali applicabili. Il presente documento e le informazioni in esso contenute non possono essere distribuiti negli Stati Uniti.

### Gli indici non sono gestiti e non sono disponibili per un investimento diretto.
L’investimento nel Fondo comporta un potenziale di rischio superiore alla media ed è adatto solo a persone che siano in grado di assumersi tale rischio. Per ulteriori informazioni, fare riferimento al prospetto disponibile sul nostro sito Web all’indirizzo: www.nb.com/europe/literature.
La performance passata non è un indicatore affidabile dei risultati attuali o futuri. Il valore degli investimenti può aumentare o diminuire e gli investitori potrebbero non recuperare il capitale investito. I dati relativi alle prestazioni non tengono conto delle commissioni e dei costi sostenuti dagli investitori per la sottoscrizione o il riscatto di azioni.
Il valore degli investimenti designati in un’altra valuta può aumentare o diminuire a causa delle fluttuazioni del tasso di cambio delle rispettive valute. Le oscillazioni sfavorevoli dei tassi di cambio possono determinare una riduzione del rendimento e la perdita del capitale.
Il trattamento fiscale dipende dalle singole circostanze di ciascun investitore e può essere soggetto a modifiche; si raccomanda pertanto agli investitori di richiedere un parere fiscale indipendente.
L’investimento nel fondo non deve costituire una porzione sostanziale del portafoglio di un investitore e potrebbe non essere adatto a tutti gli investitori. La diversificazione e l’allocazione delle classi di attività non garantiscono profitti, né proteggono dalle perdite.
© 2022 Morningstar. Tutti i diritti riservati. Le informazioni riportate nel presente documento: (1) sono di proprietà di Morningstar e/o dei suoi fornitori di contenuti; (2) non possono essere copiate o distribuite e (3) non ne viene garantita l’esattezza, la completezza o la puntualità. Né Morningstar né i suoi fornitori di contenuti sono responsabili per danni o perdite derivanti dall’eventuale utilizzo di tali informazioni. I risultati di Morningstar Rating ottenuti nel passato non sono indicativi di quelli futuri.
Per maggiori informazioni sui rating Morningstar, inclusa la sua metodologia sui rating di categoria, si prega di visitare il sito https://shareholders.morningstar.com/investor-relations/governance/ Compliance--Disclosure/default.aspx
Nessuna parte del presente documento può essere in alcun modo riprodotta senza il previo consenso scritto di Neuberger Berman. Il nome e il logo “Neuberger Berman” sono marchi registrati di servizio di Neuberger Berman Group LLC.

### © 2022 Neuberger Berman Group LLC. Tutti i diritti riservati.