Socially Responsible Fund Now Available for 403(b) Participants

Social Investment Guidelines 

Neuberger Berman Socially Responsive Fund — Description of Social Policy 

Neuberger Berman Socially Responsive Fund believes that corporate responsibility is a hallmark of quality and has the potential to produce positive investment results. The Fund is designed to allow investors to put their money to work and also support companies that follow principles of good corporate citizenship. The Fund seeks long-term growth of capital by investing primarily in securities of companies that meet its value-oriented financial and environmental, social and governance (ESG) criteria (i.e., its social policy). The Fund focuses on companies that are responsive to environmental issues; are agents of favorable change in workplace policies (particularly for women and minorities); are committed to upholding universal human rights standards; and are good corporate citizens. In addition, the Fund avoids companies with products with negative public health implications. The Fund looks for companies that show leadership in their environmental and workplace practices. The Fund seeks to invest in companies that demonstrate ESG policies in the following areas:
  • Environmental issues
  • Employment practices and diversity policies
  • Community relations
  • Supply chain issues
  • Product integrity (safety, quality)
  • Disclosure and sustainability reporting

In addition to examining ESG practices, the Fund endeavors to avoid companies that derive revenue from gambling or the production of:
  • tobacco
  • alcohol
  • weapons or
  • nuclear power

The Fund may also consider public health issues, externalities associated with a company’s products and general corporate citizenship in making its investment decisions.

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