This material is provided for informational purposes only. Nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment or strategy is suitable for a particular investor. Neuberger Berman products and services may not be available in all jurisdictions or to all client types. This material is not directed at, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation or which would subject Neuberger Berman Group LLC and/or its subsidiaries or affiliates to any registration or licensing requirement within such jurisdiction. There is no intention to offer products and services in countries or jurisdictions where such offer would be unlawful under the relevant domestic law.
These materials are being provided on the express basis that they and any related communications will not cause Neuberger Berman Investment Advisers LLC (or any affiliate) (collectively, “Neuberger”) to become an investment advice fiduciary under ERISA or the Internal Revenue Code, as the recipients are fully aware that Neuberger is not undertaking to provide impartial investment advice, act as an impartial adviser, or give advice in a fiduciary capacity, and has a financial interest in the offering and sale of one or more products and services, which may depend on a number of factors relating to Neuberger (and its affiliates’) internal business objectives. These materials are also being provided on Neuberger’s understanding that the recipients they are directed to are all financially sophisticated, capable of evaluating investment risks independently, both in general and with regard to particular transactions and investment strategies. If this is not the case, we ask that you inform us immediately.
These materials are also being provided on the express basis that they and any related communications will not cause Neuberger (or any affiliate) to become an investment advice fiduciary under ERISA or the Internal Revenue Code because all recipients are acting as or on behalf of a U.S. registered investment adviser, a U.S. registered broker-dealer, a bank regulated by the United States or any State, an insurance company licensed by more than one State to manage the assets of employee benefit plans subject to ERISA (and together with plans subject to Section 4975 of the Internal Revenue Code, “Plans”), or a fiduciary with respect to such Plan(s) with at least $50 million of client assets under management and control, and the recipients are all independent of Neuberger and its affiliates, so that, upon review of all relevant facts and circumstances, they have concluded that they have no financial interest, ownership interest, or other relationship, agreement or understanding with Neuberger or any affiliate that would limit any fiduciary responsibility they may have with respect to any Plan on behalf of which this information may be utilized . If this is not the case, or if there is any relationship with any recipient of which you are aware that would call into question the recipient’s ability to independently fulfill its responsibilities to any such Plan, we ask that you let us know immediately.
The portfolio composition, strategy, risks and fees and expenses, and accordingly the performance, of alternative products such as options strategies may differ significantly from other traditional asset class offerings, including equities and fixed income products. In up markets, the strategy typically will not participate in the full gain of the underlying index above the premium collected. Options involve investment strategies and risks different from those associated with ordinary portfolio securities transactions. By writing put options, an investor assumes the risk of declines in the value of the underlying instrument and the risk that it must purchase the underlying instrument at an exercise price that may be higher than the market price of the instrument, including the possibility of a loss up to the entire strike price of each option it sells but without the corresponding opportunity to benefit from potential increases in the value of the underlying instrument. The investor will receive a premium from writing options, but the premium received may not be sufficient to offset any losses sustained from exercised put options. As with any investment, there is the possibility of profit as well as the risk of loss. Investing entails risks, including possible loss of principal. Indexes are unmanaged and are not available for direct investment. Past performance is no guarantee of future results.
The "Neuberger Berman" name and logo are registered service marks of Neuberger Berman Group LLC.
© 2017 Neuberger Berman Group LLC. All rights reserved.
