-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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