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Neuberger Berman Equity Funds

06/26/2026 | Press release | Distributed by Public on 06/26/2026 06:07

Summary Prospectus by Investment Company (Form 497K)

Neuberger Berman Advisers Management Trust® ("AMT Funds")

Mid Cap Intrinsic Value Portfolio

Neuberger Berman Equity Funds® ("Equity Funds")

Neuberger Mid Cap Intrinsic Value Fund

Supplement to the Summary Prospectuses, Prospectuses and Statements of Additional Information of AMT Funds and Equity Funds, each as amended and supplemented

The following change applies to the Summary Prospectuses, Prospectuses and Statements of Additional Information for each of Mid Cap Intrinsic Value Portfolio and Neuberger Mid Cap Intrinsic Value Fund (each a "Fund" and collectively, the "Funds"):

On July 1, 2026, Benjamin H. Nahum will cease his portfolio management responsibilities for the Funds. As such, effective July 1, 2026, all references to Benjamin H. Nahum in the Summary Prospectuses, Prospectuses and Statements of Additional Information for each of the Funds are removed in their entirety.

The date of this supplement is June 26, 2026.

Please retain this supplement for future reference.

Neuberger Berman Investment Advisers LLC

1290 Avenue of the Americas

New York, NY 10104

Shareholder Services

800.877.9700

Institutional Services

800.366.6264

www.neuberger.com

Neuberger Berman Equity Funds published this content on June 26, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on June 26, 2026 at 12:07 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]