Neuberger Berman US Equity Premium Fund USD A Accumulating

The Fund aims to increase the value of your shares through a combination of growth and income by transacting in financial instruments, such as options, using a put-writing (issuing) strategy on U.S. equity markets including smaller cap securities. A put option is a financial instrument that gives a buyer of the option a right, but not the obligation, to sell an asset at a specified price by a predetermined date to the original seller of the option. The Fund generates a fee when the put option is written. Using this strategy, the Fund is fully exposed to market falls but volatility is generally less than experienced with direct investments in equity indices. The Fund is obliged to maintain a highly liquid portfolio of fixed income assets to meet its obligations. The Fund may invest up to 30% of its Net Asset Value ("NAV") in securities rated below investment grade. The Fund may also invest in financial derivative instruments that exaggerate the potential returns or potential losses to achieve more growth, reduce risk or increase operational efficiencies. The Fund does not apply the ESG Policy and the Sub-Investment Manager deems Sustainability Risks not to be relevant for the Fund's investment strategy. Income will be rolled up into the value of your investment.