Neuberger Berman Next Generation Connectivity Fund CHF I Accumulating Class

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) before fees over a 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 (Next Generation Connectivity) that meet the Sustainable Criteria, as detailed in the “Sustainable Investment Criteria” section of the Prospectus. 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 invests in a mixture of companies of different sizes, from different industries and does not focus on any specific country. 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 uses qualitative business analysis; quantitative screening; strategic valuation and security selection to identify companies that offer exposure to Next Generation Connectivity. The Fund may invest in:  up to 30% of the Fund's Net Asset Value ("NAV") in China A-shares listed on or dealt in the Shanghai Stock Exchange or the Shenzhen Stock Exchange;  a maximum of 50% of the Fund’s NAV in emerging market countries; up to 10% of the Fund's NAV in fixed income securities. China A-shares: Shares in mainland China-based companies that trade on Chinese stock exchanges such as the Shanghai Stock Exchange and the Shenzhen Stock Exchange. Ashares are generally available for purchase by mainland citizens in China; foreign investment in A-shares is subject to significant regulatory restrictions. The Fund is actively managed and it is not constrained by the benchmark, the MSCI AllCountry World Index (ACWI) (Total Return, Net of Tax, USD) which is used for performance comparison purposes only. While the Fund may acquire securities which are components of the benchmark, it will not do so because of their inclusion in the benchmark. The Fund promotes environmental and social characteristics pursuant to Article 8 of the SFDR. 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. As your shares are in Swiss Francs and the Fund is in US Dollars, currency exchange contracts are used to reduce the effect of changes in the currency exchange rate. Your shares do not pay you income, but returns are reinvested to grow capital. Transaction costs will reduce the Fund's return