Neuberger Berman Event Driven Fund USD I5 Accumulating Class

The Fund seeks to generate positive market neutral, absolute risk adjusted returns with low correlation to broader equity markets through utilising event driven strategies. Event driven strategies are based on announced or anticipated events or a series of events and on investing in the securities of companies that could be affected by the occurrence of such events. There can be no guarantee that the Fund will ultimately achieve its investment objective. The Fund will take both long and synthetic short positions in global equity securities utilising event driven strategies. The Fund will take long positions in respect of equity securities that it expects to increase in value and take synthetic short positions in respect of equity securities that it expects to decrease in value. Additionally, the following sub-strategies will be implemented within the Fund:  Risk-Arbitrage: Risk arbitrage concentrates on investments in the securities of companies that are involved in a takeover or merger.  Market Neutral Catalyst: The Market neutral catalyst strategy focuses on investments in anticipation of a corporate catalyst i.e. events such as corporate reorganisations, major litigation, management changes and significant asset sales, which can have a significant impact on the valuation of securities issued by the issuers which are subject to these events.  Equity Capital Markets: The Fund may also invest in new issue and secondary issued equity securities. The Fund is actively managed and it is not constrained by the benchmark, S&P 500 Index (Total Return, Net of tax, USD), which is used for performance comparison purposes only. The Fund does not apply the ESG Policy and deems Sustainability Risks not to be relevant to the Fund strategy. This Fund may not be appropriate for short-term investment and is more suitable as part of a diversified portfolio. You may sell your shares on any day when the financial markets in London and New York are open for business. Your shares do not pay you income, but returns are reinvested to grow capital. Transaction costs will reduce the Fund's return.