-40%
-30%
-20%
-10%
0%
10%
20%
30%
20042005200620072008
18.3318.76
4.55
16.3718.37
7.31
-1.57
21.89
-33.79-32.88
Russell 2000 Index
Investor Class
An investor should consider the Fund’s investment objectives,
risks, and fees and expenses carefully before investing. This and
other importantinformation can be found in the Fund’s prospectus,
which must precede or accompany this material. Please read it
carefully before making aninvestment. Additional disclosures are
included on the back of this page.
Performance data quoted represent past performance, which is no
guarantee of futureresults. 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.Results are shown on a “total return” basis and include
reinvestment of all dividends andcapital gain distributions.
Current performance may be lower or higher than the performance
data quoted. Forperformance data current to the most recent
month-end, please visit www.nb.com/performance.
*The inception dates for the Genesis Fund Institutional,
Investor, Trust, and Advisor Classesare 7/1/99, 9/27/88, 8/26/93,
and 4/2/97, respectively. The inception date used to
calculatebenchmark performance is of the Investor Class.
TICKER SYMBOLInstitutional Class NBGIX
Investor Class NBGNX
Trust Class NBGEX
Advisor Class NBGAX
PORTFOLIO ANALYSIS UPDATEPortfolio Assets $7.9 Billion
Trailing Price/Earnings4 18.66
Median Capitalization4 $1.8 Billion
Beta5 0.74
Portfolio Turnover (5/31/09) 16%
Dividend Yield4 1.05%
Number of Equity Holdings 126
PORTFOLIO COMPOSITIONCommon Stocks 95.7%
Cash & Cash Equivalents 4.3%
TOP 10 HOLDINGSAptarGroup Inc. 2.8%
Church & Dwight 2.8%
Compass Minerals International 2.6%
CLARCOR Inc. 2.0%
Haemonetics Corp. 1.9%
Alberto-Culver Co. 1.8%
Alliant Techsystems 1.8%
Southwestern Energy 1.8%
MICROS Systems 1.7%
Henry Schein 1.6%
The composition, sectors, and holdings of the Portfolio areas of
the period shown and are subject to change.
INVESTMENT PROGRAM
Invests mainly in common stocks of small-capitalization
companies. Seeks undervaluedcompanies whose current product lines
and balance sheets are strong. The Portfolioregards companies with
market capitalizations of up to $2 billion at the time of
investmentas small-cap companies.
PERFORMANCE ANALYSIS UPDATE (ANNUALIZED AS OF 6/30/09)Since
2Q 1-Year 3-Year 5-Year 10-Year Inception*
Institutional Class1,2 16.37% -32.31% -3.28% 3.11% 9.52%
11.66%
Investor Class1 16.30% -32.55% -3.51% 2.88% 9.25% 11.53%
Trust Class1,2 16.30% -32.49% -3.53% 2.84% 9.22% 11.54%
Advisor Class1,2 16.25% -32.69% -3.79% 2.58% 8.94% 11.35%
Russell 2000® Index3 20.69% -25.01% -9.89% -1.71% 2.38%
7.74%
PERFORMANCE ANALYSIS UPDATE (ANNUAL RETURNS)
FACT SHEET
Genesis Fund
SECOND QUARTER 2009
For Expense Ratio information, see back of this page.
1. Neuberger Berman Management LLC® (“NBM”) caps the
Institutional, Trust and Advisor Class expenses and
previouslywaived a portion of the management fee borne indirectly
by Neuberger Berman Genesis Fund®. Absent such arrangements,the
total returns would have been less.
2. Shares of the Institutional, Trust Class and Advisor Class
may not be purchased directly from NBM; they may only bepurchased
through certain institutions that have entered into administrative
services contracts with NBM. Performanceprior to the Institutional
(7/1/99), Trust (8/26/93) and Advisor Class (4/2/97) inception
dates is of the Investor Class, whichhas lower expenses and
typically higher returns than the Trust and Advisor Classes.
3. The Russell 2000® Index is an unmanaged index consisting of
the securities of the 2000 issuers having the
smallestcapitalization in the Russell 3000® Index, representing
approximately 10% of Russell 3000 total market capitalization.The
smallest company’s market capitalization is roughly $78 million.
Please note that indices do not take into account anyfees and
expenses of investing in the individual securities that they track,
and that individuals cannot invest directly in anyindex. Data about
the performance of this index are prepared or obtained by NBM and
include reinvestment of all dividendsand capital gain
distributions. The Fund may invest in many securities not included
in the above-described index.
4. Figures are derived from FactSet as of 6/30/09. The Trailing
Price/Earnings (P/E) ratio is the weighted harmonic aggregateof the
Trailing P/E ratios of all the stocks currently held in the
Portfolio.The Trailing P/E ratio of a stock is calculated by
dividingthe current ending price of the stock by its trailing 12
months’ Earnings Per Share (EPS). Dividend Yield is the
weightedaverage of the dividend yields of all the stocks currently
held in the Fund/Portfolio. The dividend yield of a stock is the
sumof the dividends paid per share during the last 12 months
divided by the current price. Please note this represents
grossyields of the current holdings in the Fund/Portfolio. It does
not include expenses and does not reflect the actual yield
aninvestor in the Fund/Portfolio would receive over time. Past
yields are no guarantee of future yields.
5. The Fund’s Investor Class was used to calculate beta, a
measure of the magnitude of a fund’s past share pricefluctuations
in relation to the fluctuations in the stock market (as represented
by the fund’s benchmark). While notpredictive of the future, funds
with a beta greater than 1 have in the past been more volatile than
the benchmark, andthose with a beta less than 1 have in the past
been less volatile than the benchmark.
6. Figures are derived from FactSet as of 6/30/09. The Global
Industry Classification StandardSM is used to derive thecomponent
economic sectors of the benchmark and the Fund. The Global Industry
Classification Standard (“GICS”)SM wasdeveloped by and is the
exclusive property of MSCI and Standard & Poor’s. “Global
Industry Classification Standard(GICS),” “GICS” and “GICS Direct”
are service marks of MSCI and Standard & Poor’s.
7. Information as of most recent prospectus dated December 19,
2008.
The views expressed in this material do not constitute
investment advice or recommendations by portfolio management or
NBM.
Small- and mid-capitalization stocks are more vulnerable to
financial risks and other risks than stocks oflarger companies.
They also trade less frequently and in lower volume than larger
company stocks, so theirmarket prices tend to be more volatile.
A0428 07/09 LB12787 ©2009 Neuberger Berman Management LLC,
distributor. All rights reserved.
Genesis FundRussell 2000 Index
0% 5% 10% 15% 20% 25% 30%
Utilities
Consumer Discretionary
Materials
Consumer Staples
Information Technology
Financials
Energy
Health Care
Industrials 24.7015.90
19.6015.10
14.204.50
10.2019.50
10.0019.70
8.103.50
7.103.80
5.0012.90
1.203.60
TOP SECTORS COMPARISON 6EXPERIENCED MANAGEMENT
Judith ValePortfolio Co-Manager since 199429 Years of Industry
Experience
Robert D’AlelioPortfolio Co-Manager since 199730 Years of
Industry Experience
FOR MORE INFORMATION REGARDING NEUBERGER BERMAN FUNDS PLEASE
CALL 877.628.2583
Genesis Fund
EXPENSE RATIOS 7
Gross CappedExpense ExpenseRatio Ratio
Institutional Class 0.86 N/A
Investor Class 1.04 N/A
Trust Class 1.11 N/A
Advisor Class 1.37 N/A
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