Join our in-person event on positioning for rate cuts with experts from Capital Group, Invesco & PineBridge Investments. RSVP here
<
Back to Fund Notices

Notice to Shareholders from NEUBERGER BERMAN EUROPE LTD (IE) - 20/05/2024

20 May 2024

We refer to the notification letter from NEUBERGER BERMAN EUROPE LTD (IE) with the following announcement(s).

1. CHANGES TO PROSPECTUS.


Effective from 01/07/2024, there will be changes to the prospectus of the following funds:

• IE00B7BTH691 NEUBERGER BERMAN STRATEGIC INCOME "A" (USD) INC
• IE00BF0K7C50 NEUBERGER BERMAN EMERGING MARKET DEBT HARD CUR "A" (HKDHDG) INC
• IE00BYQX7S71 NEUBERGER BERMAN CHINA BOND "I" (USD) ACC
• IE00BMPRXN33 NEUBERGER BERMAN 5G CONNECTIVITY "A" (USD) ACC
• IE00BDZRXR46 NEUBERGER BERMAN SHORT DURATION EMERGING MARKET DEBT "A" (USD) ACC
• IE00BMN94611 NEUBERGER BERMAN SHORT DURATION EM MKT DEBT "A" (USD) INC
• IE00B986J944 NEUBERGER BERMAN EM DBT HARD CCY "A" (USD) ACC
• IE00BFMHRM44 NEUBERGER BERMAN GLOBAL EQUITY MEGATRENDS "A" (USD) ACC
• IE00BRJFZH69 NEUBERGER BERMAN STRATEGIC INCOME"A" (HKD) INC
• IE00BMPRXQ63 NEUBERGER BERMAN 5G CONNECTIVITY "A" (HKDHDG) ACC

Please be informed about the following changes on the prospectus: Updates to the “Portfolio” sub-section, Updates to the “Investment Objectives and Policies” section, Updates to the “Class Actions Policy” sub-section, Updates to the “Sustainable Investment Criteria” section, Updates to the “Investment Risks” section, Updates to the “Distributing Classes” sub-section, Updates in relation to the “Manager” sub-section, Updates to the “Definitions" section, Updates to the “Classes” sub-section, Amendment to “Annex III – Other Important Information for Investors”, Updates to “Annex VI - Sustainability Related Disclosures”

2. GENERAL CHANGES.


Effective from 01/07/2024, the following fund/s will be affected by general changes explained in detail in the official notice.

• IE00B986J944 NEUBERGER BERMAN EM DBT HARD CCY "A" (USD) ACC
• IE00BMPRXN33 NEUBERGER BERMAN 5G CONNECTIVITY "A" (USD) ACC
• IE00BFMHRM44 NEUBERGER BERMAN GLOBAL EQUITY MEGATRENDS "A" (USD) ACC
• IE00B7BTH691 NEUBERGER BERMAN STRATEGIC INCOME "A" (USD) INC
• IE00BMN94611 NEUBERGER BERMAN SHORT DURATION EM MKT DEBT "A" (USD) INC
• IE00BF0K7C50 NEUBERGER BERMAN EMERGING MARKET DEBT HARD CUR "A" (HKDHDG) INC
• IE00BDZRXR46 NEUBERGER BERMAN SHORT DURATION EMERGING MARKET DEBT "A" (USD) ACC
• IE00BMPRXQ63 NEUBERGER BERMAN 5G CONNECTIVITY "A" (HKDHDG) ACC
• IE00BYQX7S71 NEUBERGER BERMAN CHINA BOND "I" (USD) ACC
• IE00BRJFZH69 NEUBERGER BERMAN STRATEGIC INCOME"A" (HKD) INC

Please be informed about the following changes on the prospectus: Updates to reflect the appointment of Neuberger Berman Canada ULC The Prospectus has been updated, where relevant, to reflect the appointment of Neuberger Berman Canada ULC as one of the Distributors appointed by the Manager for the Company, General updates applicable to all Article 8 and Article 9 Portfolios The “SFDR Annex” for each of the Article 8 and Article 9 Portfolios has been updated to reflect certain passage of time changes as well as to include additional information on some of the existing practices implemented.

3. GENERAL CHANGES.


Effective from 01/07/2024, the following fund/s will be affected by general changes explained in detail in the official notice.

• IE00B986J944 NEUBERGER BERMAN EM DBT HARD CCY "A" (USD) ACC
• IE00BF0K7C50 NEUBERGER BERMAN EMERGING MARKET DEBT HARD CUR "A" (HKDHDG) INC

The description for each of the Benchmark's names included in the “Benchmark” sections in the relevant Supplements has been updated to include the word “Index” at the end of the name for completeness. However, for the avoidance of doubt, there are no changes to any of the Benchmarks used by these Portfolios.

4. CHANGE IN INVESTMENT POLICY.


Effective from 01/07/2024, the investment policy of the below fund/s will be amended:

• IE00BF0K7C50 NEUBERGER BERMAN EMERGING MARKET DEBT HARD CUR "A" (HKDHDG) INC
• IE00B986J944 NEUBERGER BERMAN EM DBT HARD CCY "A" (USD) ACC

ESG: In light of the above update in relation to the Enhanced Sustainable Exclusion Policy, the Supplement for this Portfolio has been updated to remove reference to this policy as it is no longer applicable to the Portfolio. In addition, a definition has been included for the term “Sustainable Investment Criteria” in order to clarify this relates to the application of the terms of the Sustainable Exclusions Policy and the NB sustainable investment framework, however for the avoidance of doubt, this update does not present an actual change to the Portfolio's investment strategy and is being made for clarification purposes only.

5. CHANGE IN INVESTMENT POLICY.


Effective from 01/07/2024, the investment policy of the below fund/s will be amended:

• IE00BYQX7S71 NEUBERGER BERMAN CHINA BOND "I" (USD) ACC

Clarification: The “Investment Adviser” definition in the “Definitions” section of the Supplement for this Portfolio has been updated to clarify that Neuberger Berman Fund Management (China) Limited has been appointed in a non-discretionary capacity. The “SFDR Annex” for this Portfolio has also been updated to amend the existing exclusions that apply in relation to issuers which are involved in the tobacco industry or oil sand extractions to provide as follows:

6. CHANGE IN INVESTMENT POLICY.


Effective from 01/07/2024, the investment policy of the below fund/s will be amended:

• IE00BMPRXQ63 NEUBERGER BERMAN 5G CONNECTIVITY "A" (HKDHDG) ACC
• IE00BMPRXN33 NEUBERGER BERMAN 5G CONNECTIVITY "A" (USD) ACC

ESG: In addition, the Supplements for these Portfolios have been updated to remove reference to the Enhanced Sustainable Exclusion Policy as it is no longer applicable to these Portfolios, as noted previously.

7. FUND REDENOMINATION.


Effective from 01/07/2024, the Fund NEUBERGER BERMAN 5G CONNECTIVITY will be renamed as NEUBERGER BERMAN CONNECTIVITY

Affected ISIN code/s and resulting denomination/s as follows:

• IE00BMPRXQ63 NEUBERGER BERMAN CONNECTIVITY "A" (HKDHDG) ACC
• IE00BMPRXN33 NEUBERGER BERMAN CONNECTIVITY "A" (USD) ACC

8. CHANGE IN INVESTMENT POLICY.


Effective from 01/07/2024, the investment policy of the below fund/s will be amended:

• IE00BRJFZH69 NEUBERGER BERMAN STRATEGIC INCOME"A" (HKD) INC
• IE00B7BTH691 NEUBERGER BERMAN STRATEGIC INCOME "A" (USD) INC

ESG: The “SFDR Annex” for the Neuberger Berman Global Flexible Credit Income Fund has also been updated to provide that the Portfolio will exclude all issuers that are involved in the tobacco industry rather than just apply this exclusion to corporate debt issuers in Emerging Market Countries, which is the case currently. Material changes: The “Investment Approach” section of the Supplement for the Neuberger Berman Strategic Income Fund has also been updated to clarify that exposure to Emerging Markets will typically not exceed 30% of the Portfolio’s Net Asset Value.

9. CHANGE OF SUB-INVESTMENT MANAGER.


Effective from 01/07/2024, NB Alternatives Advisers LLC (“NBAA”) will be appointed as new sub-investment manager of the following fund/s:

 - NEUBERGER BERMAN STRATEGIC INCOME

Affected ISIN code/s as follows:

• IE00B7BTH691 NEUBERGER BERMAN STRATEGIC INCOME "A" (USD) INC
• IE00BRJFZH69 NEUBERGER BERMAN STRATEGIC INCOME"A" (HKD) INC

10. CHANGE IN INVESTMENT POLICY.


Effective from 01/07/2024, the investment policy of the below fund/s will be amended:

• IE00BMN94611 NEUBERGER BERMAN SHORT DURATION EM MKT DEBT "A" (USD) INC
• IE00BDZRXR46 NEUBERGER BERMAN SHORT DURATION EMERGING MARKET DEBT "A" (USD) ACC

Material Changes: The “Investment Restrictions” section of the Supplement for this Portfolio has been updated to clarify that “a maximum of 20% of the Portfolio’s Net Asset Value may be invested in money market instruments and debt securities issued by public or corporate issuers in High Income OECD Member Countries which are not included in the J.P. Morgan CEMBI Diversified Index and/or the J.P. Morgan EMBI Global Diversified Index”.