Neuberger Berman Singapore PTE Limited

Item 5:           Fees and Compensation

A. Fee Schedule

Funds and Separate Accounts

Client Accounts are charged a management fee. In very limited circumstances, some Client
Accounts are charged a fee based on the performance of the account (a “performance fee”) in
addition to the management fee. Fees are negotiable and are set forth in the investment
management agreement with the Client. There are differences in fees paid by certain Clients or
Client Accounts. In addition, some Client Accounts pay more or less than others for the same or
similar services depending on, for example, account inception dates, number or value of related
accounts, total assets under management, fee negotiation, fee waiver or the manner in which
NBS services are obtained.

Detailed descriptions of the management and performance fees can be found in the respective
Offering Documents of the Funds, or the applicable investment management agreement for the
Separate Accounts.

NBS’s standard fee schedules for Separate Accounts are set forth below:

Strategy                                Management Fee
Emerging Markets Debt – Asia Hard •         0.45% of the first $100 million of market value;
Currency                          •         0.40% of the next $150 million; and
Emerging Markets Debt – Corporate •         0.35% of the balance
Emerging Markets Debt - Hard
Currency
Emerging Markets Debt - Local
Currency
Emerging Markets Debt - Blend     •         0.55% of the first $100 million of market value;
                                  •         0.50% of the next $150 million; and
                                  •         0.45% of the balance

Emerging Markets Debt- Short            •   0.45% of the first $100 million of market value;
Duration                                •   0.35% of the next $150 million; and
                                        •   0.255 of the balance

Sub-Advised Accounts

Sub-advisory fees for the Sub-Advised Accounts are individually negotiated and vary depending
on the account. NBS receives management fees in its role as sub-adviser to certain funds and
accounts offered, sponsored or managed by its affiliates.

Further, Neuberger Wealth Account clients who have assets managed by the portfolio management
groups for Institutional Accounts will generally be subject to Neuberger Wealth Account fee
schedules, and vice versa. Moreover, certain Neuberger Wealth Accounts that are serviced by,
introduced to, or that obtain access to, NBIA or NBIA products by or through other entities, such as
third-party broker-dealers and investment advisers, are generally subject to varying types and
degrees of client services directly from such other entity and consequently some of those accounts
are subject to an NBIA fee schedule that provides for lower fees than NBIA’s published fee schedules
for the same products serviced directly by NBIA.

Some Neuberger Wealth Accounts will include Client-Directed Transactions, which are generally
not included in the valuation of the Client Account for purposes of calculating the advisory fee
payable to NBIA. For Neuberger Wealth Accounts, clients generally enter into agreements where
advisory services are provided by NBIA and brokerage services are provided by NBBD. Certain
of the fee schedules assume that the clients have entered into such agreements and consented to
the use of NBBD as broker for the accounts. Generally, those accounts are billed an “all-inclusive”
fee that captures NBIA’s investment management and NBBD’s brokerage fees. In those cases, no
separate fees are charged by NBIA or its affiliates for brokerage transactions in the account
other than Client-Directed Transactions and, where applicable, ADR conversion fees or pass-
through fees. There are a limited number of existing Neuberger Wealth Accounts for which
advisory services are provided by NBIA and brokerage services are provided by NBBD where
clients are subject to advisory fees pursuant to a customized fee schedule that are not “all-
inclusive” (i.e., the accounts will pay separate brokerage commissions and other execution and
transaction-related costs). See Item 5.C of NBIA Client Brochure, which is available at
https://www.nb.com/en/us/regulatory-disclosures/disclosures.

Alternatively, clients who have Neuberger Wealth Accounts can engage NBIA solely for the
provision of investment advisory services. In those instances, the accounts will pay separate
brokerage commissions and other execution and transaction-related costs. Similarly,
Institutional Accounts generally engage NBIA solely for the provision of investment advisory
services and pay separate brokerage commissions and other execution and transaction-related
costs

Pursuant to, and in accordance with, the relevant investment advisory agreement, NBIA’s fees for
Neuberger Wealth Accounts can be modified from time to time upon advance written notice to the
applicable Client(s). See also Item 5A of NBIA Client Brochure, which is available at
https://www.nb.com/en/us/regulatory-disclosures/disclosures.

B. Payment Method

Calculation and Payment of Fees

Management fees generally accrue on a daily or monthly basis, depending on the particular
requirements of each Client Account, and generally are charged monthly in arrears as
documented in the relevant investment management agreement. Where a performance fee is
charged for a Client Account, such fees accrue on a daily, monthly or other basis, depending on
the particular requirements of each Client Account, and can be payable semi-annually or
annually in arrears, as set forth in the investment management agreement of each particular
Client Account.

Certain Client Accounts are invoiced for any management fees or performance fees (where
applicable), or such fees are deducted directly from the Client Account, in accordance with the
investment management agreement governing the particular Client Account.
...

Item 7:         Types of Clients

NBS provides investment advisory and sub-advisory services to institutional clients, including
registered investment companies, pension plans, trusts, charitable organizations, foundations,
endowment funds, corporations, insurance companies, banks, other financial institutions, other
business entities, unregistered investment vehicles, collateralized loan obligation vehicles, and
state and municipal entities and other governmental entities. NBS also serves as an investment
adviser or sub-adviser to non-U.S.-domiciled clients, including non-U.S. investment companies
not subject to the Investment Company Act. Generally, there is a minimum account size of $50
million for all Fixed Income Institutional Accounts, except for the following:

   •   Emerging Markets Debt—Blend mandate: $150 million

   •   Emerging Markets Debt – Asian Hard Currency, , Emerging Markets Debt—Hard Currency,
       Emerging Markets Debt—Local Currency, Emerging Markets Debt— Corporate, and
       Emerging Markets Debt—Short Duration mandates: $100 million

NBS can manage customized Separate Accounts that are designed to meet the specific risk and
return goals, liquidity restraints, factor sensitivity targets and other requirements of its Clients.
These Separate Accounts generally have a minimum account size of $100 million.

NBS can lower an account minimum in its discretion.

For Neuberger Wealth Accounts, see also Item 7 of NBIA Client Brochure, which is available at
https://www.nb.com/en/us/regulatory-disclosures/disclosures