This material is provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. Please refer to Neuberger Berman’s 2016 Annual Report for fuller discussions and related disclosures. Neuberger Berman products and services may not be available in all jurisdictions or to all client types. Investing entails risks, including possible loss of principal. Past performance is no guarantee of future results.
Barron’s “Best Fund Families of 2016” measures one year results of 61 fund families. Neuberger Berman was not ranked in the 5- or 10-year category by Barron’s because it previously did not have broad enough categories for this survey. To qualify for the Lipper/Barron's Fund Survey, a group must have at least (i) three funds in Lipper's general U.S. equity category; (ii) one in world equity, which combines global and international funds; (iii) one mixed-equity fund, which holds stocks and bonds; (iv) two taxable-bond funds; and (v) one-tax-exempt offering. Barron's notes that their goal is to measure manager skill, independent of expenses beyond annual management fees. As a result, each fund's returns are calculated before deduction of any sales charge or 12b-1 fee. Each fund's return is measured against those of all funds in its Lipper category (e.g., small-cap value). That leads to a percentile ranking, with 100 being the highest and 1 the lowest, which is then weighted by asset size, relative to the fund family's other assets in its general classification. If a family's biggest funds do well, that boosts its overall ranking. Poor performance in a big fund has a big effect on the ranking. Finally, the score is multiplied by the weighting of its general classification, as determined by the entire Lipper universe of funds. Finally, the score is multiplied by the weighting of its general classification, as determined by the entire Lipper universe of funds. The category weightings for the one-year results in 2016 were general equity, 39.6%; mixed asset, 17.4%; world equity, 17.2%; taxable bond, 22.3%; tax-exempt bond, 3.5%.
Awards, ratings or rankings referenced do not reflect the experiences of any Neuberger Berman client and should not be viewed as representative of any particular client’s experience. It should not be assumed that any investor will have a similar investment experience as any previous or existing client. Awards, ratings or rankings are not indicative of the past or future performance of any Neuberger Berman product or service.
All information is as of December 31, 2016, unless otherwise indicated and is subject to change without notice. Firm data, including employee and assets under management figures, reflect collective data for the various affiliated investment advisers that are subsidiaries of Neuberger Berman Group LLC (the “firm”).
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