Neuberger Berman Mid Cap Growth Fund Outperforms Benchmark, Peers In Past Decade

  Neuberger Berman Mid Cap Growth Fund Outperforms Benchmark, Peers In Past

Ken Turek celebrates 10 years as portfolio manager of Mid Cap Growth Fund

PR Newswire

NEW YORK, Feb. 14, 2013

NEW YORK, Feb. 14, 2013 /PRNewswire/ -- Neuberger Berman Group LLC, one of the
world's leading employee-controlled money managers, is pleased to mark the
10-year anniversary of Kenneth Turek's tenure as portfolio manager of the $697
million Neuberger Berman Mid Cap Growth Fund (as of January 31, 2013)
managing the Fund in January 2003.


With Turek as manager, the Fund's institutional share class has generated a
11.27% annualized return for the 10 years through January 31, 2013 placing it
ahead of its mid cap growth category, according to fund tracker Morningstar
Inc., and its benchmark, the Russell Mid Cap Growth Index. The Morningstar
ratings for Neuberger Berman Mid Cap Growth Fund – Investor Class for the
Overall, 3-, 5-, and 10-year periods ended December 31, 2012 were 4 stars (out
of 671 mid cap growth funds), 4 stars (out of 671 mid-cap growth funds), 4
stars (out of 591 mid cap growth funds) and 4 stars (out of 431 mid cap growth
funds), respectively. The Morningstar ratings for Neuberger Berman Mid Cap
Growth Fund – Class A for the Overall, 3-, 5-, and 10-year periods ended
December 31, 2012 were 3 stars (out of 671 mid cap growth funds), 3 stars (out
of 671 mid cap growth funds), 3 stars (out of 591 mid cap growth funds) and 4
stars (out of 431 mid cap growth funds), respectively. The Fund has also been
has awarded a Bronze rating by the fund rating firm.

"We're delighted to celebrate the distinguished track record of the Neuberger
Berman Mid Cap Growth Fund under the leadership of Ken Turek,'' said Joseph
Amato, Neuberger Berman's president and chief investment officer. "We're
pleased the Fund has garnered praise from independent analysts including
Morningstar's for its strategy and its performance. The focus on research and
risk management, and on delivering attractive long-term performance are
hallmarks of our firm's distinctive and enduring investment culture.''

Ken Turek is a Chicago-based managing director at Neuberger Berman who manages
more than $2.1 billion mid-cap assets for institutional and individual
investors in separate account and mutual fund assets (as of December 31,
2012). Before joining Neuberger Berman in 2002, Turek was an institutional
portfolio manager at Northern Trust. Earlier, he was a portfolio manager at
National Investment Services and chief investment officer at ColeTaylor Bank.

About Neuberger Berman

Neuberger Berman is a private, independent, employee-controlled investment
manager. It partners with institutions, advisors and individuals throughout
the world to customize solutions that address their needs for income, growth
and capital preservation. With more than 1,700 professionals focused
exclusively on asset management, it offers an investment culture of
independent thinking. Founded in 1939, the company provides solutions across
equities, fixed income, hedge funds and private equity, and had $205 billion
in assets under management as of December 31, 2012. For more information,
please visit our website at

An investor should consider the Fund's investment objectives, risks and fees
and expenses carefully before investing. This and other important information
can be found in the Fund's prospectus, which can be obtained by calling
877.628.2583. Please read it carefully before making an investment. The
prospectus contains a more complete discussion of the risk of investing in the

The stocks of mid-cap companies are often more volatile and less liquid than
the stocks of larger companies and may be more affected than other types of
stocks by the underperformance of a sector or during market downturns.
Compared to larger companies, mid-cap companies may have a shorter history of
operations, and may have limited product lines, markets or financial

Because the prices of most growth stocks are based on future expectations,
these stocks tend to be more sensitive than value stocks to bad economic news
and negative earnings surprises. Bad economic news or changing investor
perceptions can negatively affect growth stocks across several industries and
sectors simultaneously.

To the extent the Fund invests more heavily in particular sectors, its
performance will be especially sensitive to developments that significantly
affect those sectors. Individual sectors may move up and down more than the
broader market. The several industries that constitute a sector may all react
in the same way to economic, political or regulatory events.

For Periods
Ended                             Average Annualized           Expense
December 31,                                                   Ratios^3
At NAV        Quarter YTD  1     3     5     10    Since      Gross Capped^4
                            Year  Years Years Years Inception^
NB Mid Cap
Growth Fund   -0.54   12.12 12.12 13.23 2.05  10.25 11.60      1.18  1.12
Class A^1
NB Mid Cap
Growth Fund   -0.71   11.27 11.27 12.38 1.50  9.95  11.51      1.99  1.87
Class C^1
NB Mid Cap
Growth Fund   -0.58   11.86 11.86 12.94 1.86  10.15 11.57      1.46  1.37
Class R3^1
NB Mid Cap
Growth Fund   -0.39   12.58 12.58 13.65 2.46  10.49 11.67      0.80  0.76
NB Mid Cap
Growth Fund   -0.50   12.17 12.17 13.33 2.10  10.28 11.61      1.01  N/A
NB Mid Cap
Growth Fund   -0.49   12.17 12.17 13.27 2.00  10.10 11.52      1.05  N/A
Trust Class^1
NB Mid Cap
Growth Fund   -0.54   11.82 11.82 12.82 1.67  9.76  11.32      1.45  N/A
With Sales
NB Mid Cap
Growth Fund   -6.23   5.66  5.66  11.01 0.85  9.60  11.40
Class A^1
NB Mid Cap
Growth Fund   -1.67   10.27 10.27 12.38 1.50  9.95  11.51
Class C^1
Midcap Growth 1.69    15.81 15.81 12.91 3.23  10.32 N/A
Midcap        2.88    17.28 17.28 13.15 3.57  10.65 13.16
US OE Mid-Cap 1.18    14.07 14.07 11.08 1.73  8.98  N/A

Performance data quoted represent past performance, which is no guarantee of
future results. The investment return and principal value of an investment
will fluctuate so that an investor's shares, when redeemed, may be worth more
or less than their original cost. Current performance may be lower or higher
than the performance data quoted. For performance data current to the most
recent month-end, please visit Average Annual Total
Returns with sales charge reflect deduction of current maximum initial sales
charge of 5.75% for Class A shares and applicable contingent deferred sales
charges (CDSC) for Class C shares. The maximum CDSC for Class C shares is 1%,
which is reduced to 0% after 1 year.

Source: Morningstar, Neuberger Berman Management LLC.^®

^* The inception date for Neuberger Berman Mid Cap Growth Fund Class A, Class
C and Class R3 is 5/27/2009. The inception dates for Neuberger Berman Mid Cap
Growth Fund Institutional, Investor, Trust, and Advisor Classes are 4/19/07,
3/1/79 (when Neuberger Berman Management Inc.^® first became investment
advisor to Mid Cap Growth Fund), 8/30/93, and 9/3/96, respectively. The
inception date used to calculate benchmark performance is that of the Investor

*Morningstar Average is the average of all the funds in the Morningstar
category. The Morningstar category identifies funds based on their actual
investment style as measured by their underlying portfolio holdings (portfolio
statistics and compositions over the last 3 years). This category was chosen
for comparison purposes because the portfolio compositions of the funds in
this category are similar to the composition of the fund over this period.

1.Results are shown on a "total return" basis and include reinvestment of
    all dividends and capital gains distributions. Neuberger Berman Management
    LLC^® ("NBM") caps the Class A, C, R3, Institutional and Advisor Class
    expenses. Absent such arrangements, the total returns would have been
    less. Shares of the Class A, C, R3, Institutional, Trust Class and Advisor
    Class may not be purchased directly from NBM; they may only be purchased
    through certain institutions that have entered into administrative
    services contracts with NBM. The inception date of Class A, C and R3 is
    May 27, 2009. The inception dates of the Institutional Class, Trust Class
    and Advisor are April 19, 2007, August 30, 1993 and September 3,1996,
    respectively. Performance prior to those inception dates is of the
    Investor Class, which has lower expenses and typically higher returns than
    all other class shares.
2.The Russell Midcap™ Growth Index measures the performance of those Russell
    Midcap™ Index companies with higher price-to-book ratios and higher
    forecasted growth values. The Russell Midcap Index measures the
    performance of the 800 smallest companies in the Russell 1000^® Index,
    which represents approximately 31% of the total market capitalization of
    the Russell 1000 Index (which, in turn, consists of the 1,000 largest US
    companies, based on market capitalization). Please note that indices do
    not take into account any fees and expenses of investing in the individual
    securities that they track, and that individuals cannot invest directly in
    any index. Data about the performance of these indices are prepared or
    obtained by Neuberger Berman Management LLC. and include reinvestment of
    all dividends and capital gain distributions. The Fund may invest in many
    securities not included in the above-described indices.
3.Information as of most recent prospectus dated December 15, 2012.
4.Neuberger Berman Management contractually caps certain class expenses of
    the Fund through 8/31/2016 for Class A, C, R3 and Institutional Class.

For each retail mutual fund with at least a three-year history, Morningstar
calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return
measure that accounts for variations in a fund's monthly performance
(including the effects of sales charges, loads and redemption fees), placing
more emphasis on downward variations and rewarding consistent performance. The
top 10% of funds in each category receive five stars, the next 22.5% receive
four stars, the next 35% receive three stars, the next 22.5% receive two stars
and the bottom 10% receive one star. (Each share class is counted as a
fraction of one fund within this scale and is rated separately, which may
cause slight variations in the distribution percentages.) The Overall
Morningstar Rating for a retail mutual fund is derived from a weighted average
of the performance figures associated with its three-, five- and ten-year (if
applicable) Morningstar Rating metrics. Ratings are ©2013 Morningstar, Inc.
All Rights Reserved. The information contained herein: (1) is proprietary to
Morningstar and/or its content providers; (2) may not be copied or
distributed; and (3) is not warranted to be accurate, complete or timely.
Neither Morningstar nor its content providers are responsible for any damages
or losses arising from any use of this information.

The "Neuberger Berman" name and logo are registered service marks of Neuberger
Berman Group LLC. "Neuberger Berman Management LLC" and the individual Fund
names in this piece are either service marks or registered service marks of
Neuberger Berman Management LLC. © 2013 Neuberger Berman Management LLC,
distributor. All rights reserved.

Media Contact:
Alex Samuelson, 212.476.5392

SOURCE Neuberger Berman

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