Important Disclosures

This material is provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice. This material is general in nature and is not directed to any category of investors and should not be regarded as individualized, a recommendation, investment advice or a suggestion to engage in or refrain from any investment-related course of action. Information is obtained from sources deemed reliable, but there is no representation or warranty as to its accuracy, completeness or reliability. All information is current as of the date of this material and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Specific securities identified and described do not represent all of the securities purchased, sold or recommended for advisory clients. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. Neuberger products and services may not be available in all jurisdictions or to all client types.

Neuberger may provide links to and follow, like, comment, share content, or otherwise reference third party content that Neuberger believes to be of general interest or educational in nature, including, but not limited to, content accessible on third-party websites, social media platforms and podcasts. Such activity is for convenience purposes only and does not imply any endorsement, approval, investigation, verification or monitoring by Neuberger of any such third-party or linked content. Neuberger does not accept any responsibility for any third-party or linked content and makes no representation or warranty as to the accuracy, completeness or reliability of any such content. Neuberger specifically disclaims any liability for any loss or damages that may be incurred, directly or indirectly, as a result of any use of any third-party or linked content. If you choose to access any third-party or linked content you do so at your own risk, and you will be subject to any applicable terms of use and privacy policies of the content provider, over which Neuberger has no control.

Investing entails risks, including possible loss of principal. Diversification does not guarantee profit or protect against loss in declining markets. Investments in hedge funds and private equity are speculative and involve a higher degree of risk than more traditional investments. Investments in hedge funds and private equity are intended for sophisticated investors only. Past performance is no guarantee of future results.

This information discusses general market activity, industry or sector trends, or other broad-based economic, market or political conditions and should not be construed as research or investment advice. It is not intended to be an offer or the solicitation of an offer. Investors are urged to consult with their financial advisors before buying or selling any securities.

References to portfolio companies are provided solely to illustrate the application of the Manager’s investment process and are not and should not be considered a recommendation of any particular security or portfolio investment. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of past recommendations.

Third-Party Awards, Ratings and Rankings: Third-party accolades referenced do not reflect the experiences of any Neuberger client and readers should not view such information as representative of any particular client’s experience or assume that they will have a similar investment experience as any previous or existing client. Third-party accolades are not indicative of the past or future performance of any Neuberger product or service. Please see https://www.nb.com/awards-disclosure for specific disclosures on the third-party accolades referenced.

Pensions & Investments Article: NYC Retirement Systems (NYCRS) is a current client of Neuberger. Any reference to NYCRS is not an endorsement by them of Neuberger or any of Neuberger’s advisory or other services. NYCRS has not approved or disapproved of the Pension and Investments article. Readers should not view any of the information in the article as representative of any particular client’s experience or assume they will have a similar investment experience of any previous or existing client of Neuberger. Any information provided in the article is not indicative of the past or future performance of any Neuberger product or service. Mr. Meier’s style, philosophy and process is subject to change without notice. His views may differ from those of other portfolio managers as well as the views of the firm.

The article provided is for informational purposes only and nothing therein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. The information in the article is general in nature and is not directed to any category of investors and should not be regarded as individualized, a recommendation, investment advice or a suggestion to engage in or refrain from any investment-related course of action. Neuberger is not providing the article in a fiduciary capacity and has a financial interest in the sale of its products and services. Investment decisions and the appropriateness of the information provided should be made based on an investor's individual objectives and circumstances and in consultation with their advisors. Information is obtained from sources deemed reliable, but there is no representation or warranty as to its accuracy, completeness or reliability. All information is current as of the date of the article and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Neuberger 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.

This material is being issued on a limited basis through various global subsidiaries and affiliates of Neuberger Berman Group LLC. Please visit www.nb.com/disclosure-global-communications for the specific entities and jurisdictional limitations and restrictions.

The “Neuberger” name and logo are registered service marks of Neuberger Berman Group LLC.

Important Disclosures

United Kingdom and outside the European Economic Area (EEA): This issued by Neuberger Berman Europe Limited, which is authorised and regulated by the Financial Conduct Authority and is registered in England and Wales, at The Zig Zag Building, 70 Victoria Street, London SW1E 6SQ. Neuberger Europe Limited is also a registered investment adviser with the Securities and Exchange Commission in the US, and the Dubai branch is regulated by the Dubai Financial Services Authority in the Dubai International Financial Centre.

European Economic Area (EEA): This is issued by Neuberger Berman Asset Management Ireland Limited, which is regulated by the Central Bank Ireland and is registered in Ireland, at 2 Central Plaza, Dame Street, Dublin, D02 T0X4.

This is presented solely for information purposes and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. Any views or opinions expressed may not reflect those of the firm as a whole.

We do not represent that this information, including any third-party information, is complete and it should not be relied upon as such.

No recommendation or advice is being given as to whether any investment or strategy is suitable for a particular investor. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of any investment, and should consult its own legal counsel and financial, actuarial, accounting, regulatory and tax advisers to evaluate any such investment.

All information is current as of the date of this material and is subject to change without notice.

Investing involves risks, with the potential for above average risk, and is only suitable for people who are in a position to take such risks.

The value of investments may go down as well as up and investors may not get back any of the amount invested.

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