FCH Neuberger Berman US Large Cap Value R USD

The Sub-Fund is a financial product that promotes ESG characteristics pursuant to Article 8 of the Disclosure Regulation. To achieve long term capital growth. The sub-fund will invest at least 75% of its net assets in equity securities issued by large-capitalisation companies which have their head office or exercise an overriding part of their economic activity in the US and that are listed or traded on recognised markets in the US. The sub-fund's investment in large capitalisation companies will not be restricted by sector or industry. Although the sub-fund will concentrate its investments in securities issued by companies domiciled in the US, it may also invest in securities of issuers located in other developed countries. Such investments will be through ADR/GDR and will be limited to 20% of the net assets of the sub-fund. The sub-fund will not invest more than 10% of its net assets in securities whose capitalisation is less than the range of capitalisation of companies in the sub-fund's benchmark at the time of their purchase. Up to 10% of the sub-fund's net assets may be invested in convertible bonds or bonds with warrants attached. The sub-fund will not invest more than 20% of its net assets in REITS. The sub-fund may use derivatives for hedging purposes. Benchmark : Russell 1000 Value Index (Total Return, Net of Tax, USD) The sub-fund is actively managed by reference to and seeks to outperform the benchmark. The sub-fund is normally exposed to the issuers of the benchmark; however, the management of the sub-fund is discretionary, and will be exposed to issuers not included in the benchmark. The sub-fund monitors risk exposure in relation to the benchmark; however, the extent of deviation from the benchmark is expected to be significant. Management Process : The Sub-Fund integrates Sustainability Factors in its investment process as outlined in more detail in section "Sustainable Investment" of the Prospectus. The sub-investment manager seeks to identify undervalued securities by analysing expected returns using normalised earnings. Normalised earnings represent a company's earnings that omit the effects of non-recurrent events or, for cyclical companies, remove economic cycles and help the sub-investment manager identify attractive entry-points. The sub-investment manager will manage the sub-fund in accordance with its ESG policy on a continuous basis. The sub-investment manager has fully integrated the ESG policy into the overall investment process, in particular, the sub-fund's portfolio construction process. The aforementioned policies are available at www.nb.com/esg The sub-investment manager considers financially material ESG factors as part of its investment decision making process from both an opportunity and a risk mitigation perspective. The accumulation share automatically retains, and re-invests, all attributable income within the Sub-Fund; thereby accumulating value in the price of the accumulation shares. The minimum recommended holding term is 3 years. Shares may be sold or redeemed (and/or converted) on any dealing day (except otherwise stated in the prospectus) at the respective dealing price (net asset value) in accordance with the articles of incorporation. Further details are provided in the prospectus of the UCITS.