This material is intended as a broad overview of the portfolio manager's current style, philosophy and process. This material is presented solely for informational purposes, and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment or strategy is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were, or will be, profitable. Any views or opinions expressed may not reflect those of the firm as a whole. All information is current as of the date of this material and is subject to change without notice. Investing entails risks, including possible loss of principal. Past performance is no guarantee of future results.
Investment strategies that seek to enhance after-tax performance may be unable to fully realize strategic gains or harvest losses due to various factors. Market conditions may limit the ability to generate tax losses. A tax-managed strategy may cause a client portfolio to hold a security in order to achieve more favorable tax treatment or to sell a security in order to create tax losses. A tax loss realized by a U.S. investor after selling a security will be negated if the investor purchases the security within 30 days. Although the team seeks to avoid “wash sales” whenever possible and temporarily restricts securities it has sold at a loss to prevent them, a wash sale can occur inadvertently because of trading by a client in an account not managed as a tax-managed account. A wash sale may also be triggered when the team has sold a security for loss harvesting and shortly thereafter the firm is directed by the client to invest a substantial amount of cash resulting in a repurchase of the security. The consideration of wash sales pursuant to Internal Revenue Code 1091 is limited to any activity or ownership in the relevant tax-managed account only and does not consider any ownership or transactions that may occur in other accounts whether held at Neuberger Berman or elsewhere. Neuberger Berman does not provide legal or tax advice. Please consult with your tax advisor to determine the implication of this and any other investment accounts.
Neuberger Berman Canada ULC is a registered investment adviser under the U.S. Investment Advisers Act of 1940, as amended. In Canada, Neuberger Berman Canada ULC is registered as: (i) a portfolio manager and exempt market dealer in Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario, Québec and Saskatchewan, (ii) an investment fund manager in Ontario and Québec, and (iii) a commodity trading manager in Ontario. Neuberger Berman Investment Advisers LLC is a registered investment adviser.
The "Neuberger Berman" name and logo are registered service marks of Neuberger Berman Group LLC.
