Neuberger Berman Alternative Funds DEF 14A Definitive proxy

EXHIBIT E

CURRENT CONTRACTUAL AND VOLUNTARY EXPENSE
LIMITATIONS

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NEUBERGERBERMANEQUITYFUNDS
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Contractual Expense Limitations

		Expense	End Date of
Fund	Class	Limitation	Limitation Period
Neuberger Berman	Investor	1.50%	8/31/2019
Century Fund
Neuberger Berman	Institutional	0.95%	8/31/2012
Climate Change Fund	A	1.20%	8/31/2012
	C	1.95%	8/31/2012
Neuberger Berman	Institutional	1.25%	8/31/2012
Emerging Markets	A	1.50%	8/31/2012
Equity Fund	C	2.25%	8/31/2012
Neuberger Berman	Institutional	0.80%	8/31/2011
Equity Income Fund	A	1.16%	8/31/2011
	C	1.91%	8/31/2011
Neuberger Berman	Trust	1.50%	8/31/2012
Focus Fund	Advisor	1.50%	8/31/2019
Neuberger Berman	Trust	1.50%	8/31/2012
Genesis Fund	Advisor	1.50%	8/31/2019
	Institutional	0.85%	8/31/2019
Neuberger Berman	Trust	1.50%	8/31/2012
Guardian Fund	Advisor	1.50%	8/31/2019
Neuberger Berman	Investor	1.40%	8/31/2012
International Fund	Trust	2.00%	8/31/2019
Neuberger Berman	Institutional	0.85%	8/31/2019
International Institutional Fund
Neuberger Berman	Trust	1.25%	8/31/2012
International Large Cap Fund	Institutional	0.90%	8/31/2012
	A	1.30%	8/31/2012
	C	2.00%	8/31/2012
Neuberger Berman	Institutional	0.75%	8/31/2012
Large Cap Disciplined	A	1.20%	8/31/2012
Growth Fund	C	1.95%	8/31/2012
Neuberger Berman	Trust	1.50%	8/31/2012
Mid Cap Growth Fund	Advisor	1.50%	8/31/2019
	Institutional	0.75%	8/31/2012

E-1

Contractual Expense Limitations

		Expense	End Date of
Fund	Class	Limitation	Limitation Period
Neuberger Berman	Trust	1.50%	8/31/2012
Partners Fund	Advisor	1.50%	8/31/2019
	Institutional	0.70%	8/31/2012
Neuberger Berman	Trust	1.50%	8/31/2019
Real Estate Fund	Institutional	0.85%	8/31/2019
Neuberger Berman	Investor	1.50%	8/31/2019
Regency Fund	Trust	1.25%	8/31/2019
Neuberger Berman	Institutional	0.75%	8/31/2012
Select Equities Fund	A	1.20%	8/31/2012
	C	1.95%	8/31/2012
Neuberger Berman	Investor	1.30%	8/31/2019
Small Cap Growth Fund	Trust	1.40%	8/31/2019
	Advisor	1.60%	8/31/2019
	Institutional	0.90%	8/31/2012
Neuberger Berman	Trust	1.10%	8/31/2019
Small and Mid Cap
Growth Fund
Neuberger Berman	Trust	1.50%	8/31/2012
Socially Responsive Fund	Institutional	0.75%	8/31/2012

Voluntary Expense Limitations*
Fund		Class	Voluntary Expense Limitation
Neuberger Berman		Trust	0.99%
Real Estate Fund
Neuberger Berman		Institutional	0.80%
International Institutional Fund
*	Each undertaking is in addition to the contractual undertakings noted above.

E-2

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LEHMANBROTHERSINCOMEFUNDS
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Contractual Expense Limitations

			Expense		End Date of
Fund		Class	Limitation		Limitation Period
Neuberger Berman		Investor	0.65%		10/31/2011
Cash Reserves
Neuberger Berman		Investor	0.85%		10/31/2018
Core Bond Fund		Institutional	0.45%		10/31/2018
		A	0.85%		10/31/2018
		C	1.60%		10/31/2018
Neuberger Berman		Investor	0.45%		10/31/2011
Government Money Fund
Neuberger Berman		Investor	1.00%		10/31/2011
High Income Bond Fund
Neuberger Berman		Investor	0.59%		10/31/2011
Municipal Money Fund
Neuberger Berman		Investor	0.65%		10/31/2011
Municipal Securities Trust
Neuberger Berman		Investor	0.59%		10/31/2011
New York Municipal
Money Fund
Neuberger Berman		Investor	0.70%		10/31/2011
Short Duration Bond Fund		Trust	0.80%		10/31/2011
Neuberger Berman		Institutional	0.75%		10/31/2018
Strategic Income Fund		Trust	1.10%		10/31/2011
		A	1.15%		10/31/2018
		C	1.85%		10/31/2018
Neuberger Berman		N/A	0.08%	*	10/31/2012
Tax-Free Money Fund
*	The expense limitation only applies to the investment management fee.

E-3

Voluntary Expense Limitations*

Fund		Class	Voluntary Expense Limitation
Neuberger Berman		N/A	Agreed to waive management
Core Bond Fund			fee in the amount of 0.25%
Neuberger Berman		N/A	Agreed to waive management
Cash Reserves			fee in the amount of 0.02%
Neuberger Berman		Investor	0.50%
New York Municipal Money Fund
Neuberger Berman		Reserve	0.20%
Tax-Free Money Fund
*	Each undertaking, where applicable, is in addition to the contractual undertakings noted above.

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LEHMAN BROTHERS INSTITUTIONALLIQUIDITYFUNDS
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Contractual Expense Limitations

			End Date of
		Expense	Limitation
Fund	Class	Limitation	Period
Neuberger Berman Treasury Fund	Institutional	.20%	3/31/2011

Voluntary Expense Limitations*

			Voluntary Expense
Fund		Class	Limitation
Neuberger Berman Treasury Fund		Institutional	.05%
*	Each undertaking is in addition to the contractual undertakings noted above.

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NEUBERGER BERMAN INSTITUTIONAL LIQUIDITY SERIES
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Contractual Expense Limitations

			End Date of
		Expense	Limitation
Fund	Class	Limitation	Period
Neuberger Berman Institutional Cash Fund	Trust	.41%	3/31/2011
Neuberger Berman Prime Money Fund	Trust	.41%	3/31/2011

Voluntary Expense Limitations*

			Voluntary Expense
Fund		Class	Limitation
Neuberger Berman Institutional Cash Fund		Trust	-
Neuberger Berman Prime Money Fund		Trust	-
*	Each undertaking is in addition to the contractual undertakings noted above.

E-4