NEW YORK (Standard & Poor's) March 5, 2009--Standard & Poor's Ratings Services
said today that it assigned its 'AAAm' money market rating to the Neuberger
Berman Government Money Fund. The rating--the highest assigned to money market
funds--is based on Standard & Poor's analysis of the fund's credit quality,
market price exposure, and management.
The Neuberger Berman Government Money Fund seeks to preserve capital and
liquidity and maintain a stable $1.00 net asset value (NAV) per share while
maximizing current income consistent with stability of capital. The Fund
pursues its objective by investing exclusively in obligations issued and/or
guaranteed by the United States Government or by its agencies and
instrumentalities and overnight, tri-party repurchase agreements
collateralized by U.S. Government securities.
Neuberger Berman Management LLC, the Fund's investment manager, is a
subsidiary of Neuberger Berman Holdings LLC, an investment advisory company
serving individuals, families, and taxable and non-taxable institutions with a
broad range of investment products, services and strategies. Neuberger Berman
engages in wealth management services including private asset management, tax
and financial planning, and personal and institutional trust services; mutual
funds, institutional management and alternative investments; and professional
securities services.
The 'AAAm' rating signifies extremely strong capacity to maintain
principal value and limit exposure to principal losses due to credit, market,
and/or liquidity risks. This is achieved through conservative investment
practices and strict internal controls. We review pertinent fund information
and portfolio reports weekly as part of our ongoing rating process.
Complete ratings information is available to RatingsDirect subscribers at
www.ratingsdirect.com. All ratings affected by this rating action can be found
on Standard & Poor's public Web site at www.standardandpoors.com; select your
preferred country or region, then Ratings in the left navigation bar, followed
by Find a Rating.
Analytic services provided by Standard & Poor's Ratings Services (Ratings Services) are the result of separate activities designed to preserve the independence and objectivity of ratings opinions. The credit ratings and observations contained herein are solely statements of opinion and not statements of fact or recommendations to purchase, hold, or sell any securities or make any other investment decisions. Accordingly, any user of the information contained herein should not rely on any credit rating or other opinion contained herein in making any investment decision. Ratings are based on information received by Ratings Services. Other divisions of Standard & Poor's may have information that is not available to Ratings Services. Standard & Poor's has established policies and procedures to maintain the confidentiality of non-public information received during the ratings process.
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