NEW YORK, Jan. 15, 2014 /PRNewswire/ -- Neuberger Berman Group LLC, one of the world's leading employee-controlled money managers, is pleased to announce the Neuberger Berman Global Allocation Fund (tickers: NGLAX, NGLCX, and NGLIX) (the "Fund") recently marked its third anniversary with superior performance in its category. Since inception on December 29, 2010, the Fund's Class A (NGLAX) and Institutional Class (NGLIX) shares rank in the 11(th) and 6(th) percentiles, respectively, while the Class C (NGLCX) shares rank in the 16(th) percentile, among a peer group of 174 tactical allocation funds, according to data from fund tracker Morningstar Inc.

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Morningstar has awarded the Fund's Institutional Class an overall rating of 5 stars in the tactical allocation funds category. Class A and Class C have an overall rating of 4 stars. Morningstar calculates its ratings for each U.S.-domiciled fund with at least a three-year history based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance, including the effects of sales charges, loads and redemption fees, and placing more emphasis on downward variations and rewarding consistent performance.

Neuberger Berman Global Allocation Fund seeks to provide investors with attractive total return and has provided lower volatility and correlation to traditional global balanced funds. The Fund is managed by a team consisting of Wai Lee, chief investment officer of Neuberger Berman's Quantitative Investment Group; portfolio managers Alexandre da Silva and Ping Zhou; Joseph Amato, Neuberger Berman's president and chief investment officer; and Brad Tank, the firm's chief investment officer for fixed income.

"We're pleased the Fund's performance since inception has earned favorable recognition from Morningstar," said Wai Lee. "With global equities having broadly strengthened while government bonds struggled in 2013, looking forward to 2014, we believe that our Fund's dynamic risk-taking capability will continue to serve us well in being selective and tactical in managing these exposures as the valuation gap has narrowed, while we also remain constructive in opportunities in security selection as a valuable source of return.

About Neuberger Berman

Neuberger Berman is a 75-year-old private, independent, employee-controlled investment manager. The firm manages equities, fixed income, private equity and hedge fund portfolios for global institutions, advisors and individuals. With offices in 16 countries, Neuberger Berman's team is approximately 2,000 professionals and the company was named by Pensions & Investments as a 2013 Best Place to Work in Money Management. Tenured, stable and long-term in focus, the firm fosters an investment culture of fundamental research and independent thinking. It manages $227 billion in client assets (as of September 30, 2013). For more information, please visit our website at www.nb.com.

An investor should consider Neuberger Berman Global Allocation 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 and summary prospectus, which you may obtain by calling 877.628.2583. Please read the prospectus and summary prospectus carefully before making an investment.

All stocks are subject to investment risk, including the risk that they may lose value. Small- and mid-capitalization stocks trade less frequently and in lower volume than larger company stocks, and thus may be more volatile and more vulnerable to financial and other risks. Shares in the Fund may fluctuate based on interest rates, market conditions, credit quality and other factors. In a rising interest rate environment, the value of the Fund's fixed-income investments is likely to fall.

Investing in foreign securities may involve greater risks than investing in securities of U.S. issuers, such as currency fluctuations, potential social, political or economic instability, restrictions on foreign investors, less stringent regulation and less market liquidity. Securities issued in emerging market countries may be more volatile and less liquid than securities issued in foreign countries with more developed economies or markets, as such governments may be less stable and more likely to impose capital controls as well as impose additional taxes and liquidity restrictions. Exchange rate exposure and currency fluctuations could erase or augment investment results. The Fund may hedge currency risks when available, though the hedging instruments may not always perform as expected.

Derivatives contracts on non-U.S. currencies are subject to exchange rate movements. Derivatives may involve risks different from, or greater than, those associated with more traditional investments. Derivatives can be highly complex and potentially volatile and the Fund could lose more than the amount it invests. Derivatives may be difficult to value and highly illiquid, and the Fund may not be able to close out or sell a derivative position at a particular time or at an anticipated price. The Fund's investments in the over-the-counter ("OTC") market introduces counterparty risk due to the possibility that the dealer providing the derivative may fail to timely satisfy its obligations. The Fund's investments in the futures markets also introduce the risk that its futures commission merchant ("FCM") may default on its obligations, including the FCM's obligation to return margin posted in connection with the Fund's futures contracts.

Short sales, selling a security the Fund does not own in anticipation that the security's price will decline, theoretically presents unlimited risk on an individual stock basis, since the Fund may be required to buy the security sold short at a time when the security has appreciated in value.

Derivative instruments and short sales may also have an effect similar to that of leverage and can result in losses to the Fund that exceed the amount originally invested in the derivative instruments. Leverage may amplify changes in the Fund's net asset value.

ETFs are subject to tracking error and may be unable to sell poorly performing stocks that are included in their index. ETFs may trade in the secondary market at prices below the value of their underlying portfolios and may not be liquid. Through its investment in ETFs, the Fund is subject to the risks of the ETF's investments, as well as to those of the ETF's expenses.

The Morningstar ratings for Neuberger Berman Global Allocation Fund - Institutional Class, Class A and Class C for the 3- year period ended December 31, 2013 were 5, 4 and 4 stars, respectively (out of 174 tactical allocation funds).

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 variation 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 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 ©2014 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.

Morningstar rankings are based on Morningstar total returns, which include both income and capital gains or losses and are not adjusted for sales charges or redemption fees ended December 31, 2013, to all funds that have the same Morningstar category. The highest percentile rank is 1 and the lowest is 100. Neuberger Berman Global Allocation Fund - Institutional Class, Class A and Class C were ranked in the 23(rd), 24(th) and 26(th) percentiles for the 1-year period ending December 31, 2013. The Morningstar tactical allocation category contains 253 and 174 funds as of December 31, 2013 for the 1- and 3-year periods respectively. Ratings are ©2014 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.

©2014 Neuberger Berman Management LLC, distributor. All rights reserved.

Media Contacts:
Alexander Samuelson, 212-476-5392, alexander.samuelson@nb.com

SOURCE Neuberger Berman Group LLC