launched a new old fund today. The Neuberger Berman Intrinsic Value Fund
"seeks long term growth of capital" by investing "mainly in common stocks of small- and mid-capitalization companies." It appears that the fund succeeds a prior Neuberger product, an "unregistered limited partnership" called the DJG Small Cap Value Fund
(which dates back, in one form or another, to 1997).
The Fund offers: A shares, with a maximum 575 basis-point initial sales charge and 136 bps in total annual operating expenses; C shares, with a maximum 100 bps contingent deferred sales charge and 211 bps in total annual operating expenses; and I shares for 100 bps in total annual operating expenses. Shareholders of the predecessor DJG fund gained I shares of the new mutual fund on Friday.
Managing director Benjamin Nahum
, who managed the predecessor DJG fund since its launch in 1997, co-manages the new mutual fund alongside two of the DJG fund's analysts, senior vice president James McAree
and senior vice president Amit Solomon
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