(PUB) Investing 2016
6
Data through May 31, 2016 FINRA members: For internal or institutional use only. Neuberger Berman Socially Rspns A
Ticker NRAAX
Yield 1.0%
Total Assets $2,328 mil
Mstar Category Large Growth
Benchmark 1: Russell 1000 Growth TR USD Benchmark 2: S&P 500 TR USD Morningstar Analyst Rating 05-23-16 ´
Investment Style Equity
Historical Profile Return Risk Rating Below Avg Below Avg QQ Below Avg
7 7 7 7 7 7 7 7
25.0
Growth of $10,000
Investment Values of Fund Investment Values of Benchmark 1
20.0
Morningstar Pillars Process
15.0
∞ Positive ∞ Positive ∞ Positive ∞ Positive ∞ Positive
Performance
People Parent
10.0
Performance Quartile (within Category)
& ( ) & * ) &
Price
History
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 05-16
Morningstar Analyst Rating Morningstar evaluates mutual funds based on five key pillars, which its analysts believe lead to funds that are more likely to outperform over the long term on a risk-adjusted basis. Analyst Rating Spectrum Œ „ ´ ‰ Á
. . .
14.22 17.37 16.70 18.34 22.75 21.13 18.92 19.42 22.60 -3.09 10.76 37.87 10.31 -0.63 2.64 5.89 -5.73 -4.50 4.39 -2.74 -6.29 0.88 7.54 -5.20 -5.24 5.48 -3.38 -2.01 -0.93 0.45 0.74 0.93 1.30 1.10 1.04 0.00 22.15 -3.84 9.83 36.58 9.21 -1.66 2.64 0.09 0.06 0.13 0.16 0.24 0.25 0.22 0.00 0.00 0.00 0.00 2.21 3.60 1.85 0.00 1.70 1.21 1.14 1.11 1.09 1.05 1.05 1.05 0.11 0.18 0.42 0.61 0.67 0.68 0.57 0.78 4 59 91 15 49 85 11
NAV
. . . . . . . . . . . . . . . . . . . . . . . .
Total Return % +/- Bmark 1 +/- Bmark 2 Income Return % Capital Return % Capital Gains $ Expense Ratio % Income Ratio % Turnover Rate % Net Assets $mil Total Rtn % Rank Cat Income $
Pillar Spectrum ∞ Positive
§ Negative
¶ Neutral
. . .
. . . .
Performance 05-31-16 1st Qtr 2nd Qtr
. . . . . . . . . . . .
3rd Qtr
4th Qtr
Total
2012 2013 2014 2015 2016
10.48 -6.40 5.27 1.74 10.76 15.05 1.90 7.49 9.41 37.87 0.57 4.20 0.00 5.27 10.31 1.56 -1.07 -6.55 5.84 -0.63
.
36
41 31
20 81
28 80
35
36
28
4
130
147
139
133
Rating and Risk Time Period Load-Adj Return %
Portfolio Analysis 03-31-16 Total Stocks: 36 Share change since 02-29-16
0.53
— — — —
Morningstar Rtn vs Cat
Morningstar Risk vs Cat
Morningstar Risk-Adj Rating
Sector
YTD Ret % % Assets 7.51 4.95 11.95 4.89 9.91 4.51 9.05 4.48 6.07 4.37 11.15 4.04 13.90 3.91 8.45 3.86 — 3.77 -0.75 3.27 0.95 3.18 -5.97 3.16 -10.99 2.86 -19.66 2.77 9.17 2.68 -4.62 2.63 6.13 2.62 5.12 2.45 — 3.86 10.82 3.78
Trailing
Total Return%
+/- Bmark 1
+/- Bmark 2
%Rank Cat
Growth of $10,000
Y Progressive Corp
Finan Svcs Technology
1 Yr 3 Yr 5 Yr
-6.13 7.51 7.51
3 Mo 6 Mo
9.04 1.22 -0.08 1.14 0.87 -0.80 -0.40 -2.01 -2.12 9.65 -2.85 -1.41 8.79 -3.32 -2.88
33 10,904 8 10,114 32 9,960 68 13,184 76 15,238
Texas Instruments Inc
-Avg QQ -Avg QQ
-Avg -Avg
Y Eversource Energy Newell Brands Inc
Utilities
1 Yr
Cnsmr Def
10 Yr Incept
— — — —
3 Yr Avg 5 Yr Avg 10 Yr Avg 15 Yr Avg
Danaher Corp
Industrl
12.89
Intuit Inc
Technology
— — — — — — — — — —
W.W. Grainger Inc
Industrl
Other Measures
Standard Index
Best Fit Index
T Becton Dickinson & Co
Hlth Care Cnsmr Def
Alpha
-1.1 0.98
-0.5 0.97
Unilever NV ADR Schlumberger Ltd
Beta
Tax Analysis
Tax Adj Rtn% %Rank Cat Tax-Cost Rat %Rank Cat
Energy
R-Squared
94
95
3 Yr (estimated) 5 Yr (estimated) 10 Yr (estimated)
4.23 5.44
89 88
3.05 1.92
82 77
T State Str Instl Invt Tr T
—
Standard Deviation
11.49
Level 3 Communications In
Comm Svcs Finan Svcs Hlth Care Cnsmr Cyc
— — — —
Mean
9.65 0.85
US Bancorp
Sharpe Ratio
Abbott Laboratories
Potential Capital Gain Exposure: 19% of assets
T eBay Inc
Morningstar's Take by David Kathman, CFA 05-23-16 Arthur Moretti, lead manager of Neuberger Berman Socially Responsive since 2001 and Neuberger Berman Guardian NGUAX since 2002, retired in February 2016. Since then, Moretti's three longtime comanagers (Ingrid Dyott, Sajjad Ladiwala, and Mamundi Subhas) have continued to run this fund in the same style as before. That continuity is comforting, and the three have plenty of experience, but Moretti’s retirement was enough of a loss that we downgraded the fund’s Morningstar Analyst Rating to Bronze from Silver when the change was announced in September 2015. We're maintaining that rating now, as the transition has gone smoothly and the managers have not made any dramatic changes. Themanagersmaintaina fairlyconcentratedportfolio of 30-40 stocks, focusing on industry leaders with good growth potential but reasonable price tags, preferably those with estimated upside potential of 15%-25% during the next three to five years. They tend to avoid stocks that earn significant revenue from alcohol, tobacco, weapons, nuclear power, or gambling, and they favor
Alliance Data Systems Cor
Industrl Energy
Noble Energy Inc
environmental, social, and governance, or ESG, factors to be good investment criteria in any case, so this fund’s portfolio was long very similar to that of Neuberger Berman Guardian, which lacked explicit ESG screening. This fund had an excellent record under Moretti, ranking in or near the top decile of the large-growth Morningstar Category as well as its prior large-blend peer group during his tenure. Its returns don’t look quite as good since Dyott and Ladiwala were named comanagers in late 2003, because they don't include the great relative returns of 2001, 2002, and 2003; however, they’re still solid, especially relative to the large-blend category. The fund isstill ingoodhandsunderanexperiencedteamafter Moretti's departure, and there's no need for shareholders to be too concerned. But the loss of his experience and track record makes us somewhat less confident in the fund's prospects, resulting in the Bronze rating.
American Express Co
Finan Svcs Finan Svcs Hlth Care
T Intercontinental Exchange
T Medtronic PLC
Current Investment Style
Sector Weightings h Cyclical r BasicMat t CnsmrCyc y FinanSvcs u Real Est j Sensitive i CommSrvs o Energy p Industrl a Technlgy k Defensive s CnsmrDef d Hlthcare f Utilities
% of Stocks
Rel Bmark 1
Market Cap % Giant 20.4 Large 52.4 Mid 23.2 Small 4.1 Micro 0.0 Avg $mil: 30,851
Value Blend Growth
Large Mid Small
27.13 0.92 0.00 0.00 9.43 0.50 17.70 3.33 0.00 0.00 47.75 1.13 3.39 0.65 9.71 16.46 21.15 1.65 13.50 0.57 25.13 0.89 8.67 0.77 11.77 0.70 4.69 78.17
Value Measures
Rel Category
Price/Earnings 19.21
0.87 0.75 0.91 0.98 1.37 0.78 0.67 0.28 -0.23 0.55
Price/Book Price/Sales
2.77 2.07
Price/Cash Flow 11.82 Dividend Yield % 1.87
Growth Measures
% Rel Category
firms with good community, environmental, and workplace records. The managers consider such
Long-Term Erngs 9.41
Book Value
5.16 2.12 -2.85
Composition - Net
Sales
Cash 3.8 Stocks 96.2 Bonds 0.0 Other 0.0 Foreign 10.1 (% of Stock)
Address:
Neuberger Berman Equity Funds New York, NY 10158-0006
Minimum Purchase: Min Auto Inv Plan:
$1000 Add: $100 IRA: —
Cash Flow
$100
Add: $100
Historical Erngs 6.91
877-628-2583 www.nb.com
Sales Fees:
5.75%L
Web Address:
Management Fee:
0.55% mx./0.40% mn., 0.26%A
Profitability
%
Inception:
05-27-09
Actual Fees:
Mgt:0.73% Dist:0.25%
Return on Equity Return on Assets
19.89
Advisor:
Neuberger Berman Investment Advisers LLC
Expense Projections: 3Yr:$890 5Yr:$1121 10Yr:$1784
6.81
Subadvisor:
None
Income Distribution:
Annually
Net Margin
11.20
A
ß ® Mutual Funds
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