EXHIBIT C
COMMISSIONS PAID TO AFFILIATED BROKERS
------------------------------------------------------------------------------------
NEUBERGER BERMAN EQUITY FUNDS
(Brokerage Commissions paid for fiscal year ended August 31, 2008)
------------------------------------------------------------------------------------
| Fund | Affiliated | Commissions Paid | % of Total |
| | Broker | | Commissions Paid |
| Neuberger Berman Century Fund | NB LLC | $150 | 0.75% |
| | LBI | $2,078 | 10.43% |
| Neuberger Berman Climate Change Fund | NB LLC | $0 | 0% |
| | LBI | $385 | 9.86% |
| Neuberger Berman Emerging Markets Equity Fund* | NB LLC | N/A | N/A |
| | LBI | N/A | N/A |
| Neuberger Berman Equity Income Fund | NB LLC | $1,958 | 2.92% |
| | LBI | $26,189 | 39.07% |
| Neuberger Berman Focus Fund | NB LLC | $0 | 0% |
| | LBI | $178,884 | 8.86% |
| Neuberger Berman Genesis Fund | NB LLC | $257 | 0.01% |
| | LBI | $460,247 | 10.45% |
| Neuberger Berman Guardian Fund | NB LLC | $70 | 0.01% |
| | LBI | $190,049 | 14.75% |
| Neuberger Berman International Fund | NB LLC | $0 | 0% |
| | LBI | $143,554 | 7.45% |
| Neuberger Berman International Institutional Fund | NB LLC | $0 | 0% |
| | LBI | $72,918 | 8.54% |
| Neuberger Berman International Large Cap Fund | NB LLC | $0 | 0% |
| | LBI | $18,767 | 5.97% |
| Neuberger Berman Large Cap Disciplined Growth Fund | NB LLC | $0 | 0% |
| | LBI | $421 | 3.69% |
| Neuberger Berman Mid Cap Growth Fund | NB LLC | $0 | 0% |
| | LBI | $63,454 | 9.27% |
| Neuberger Berman Partners Fund | NB LLC | $0 | 0% |
| | LBI | $478,769 | 11.82% |
| Neuberger Berman Real Estate Fund | NB LLC | $1,075 | 0.33% |
| | LBI | $25,805 | 7.98% |
| Neuberger Berman Regency Fund | NB LLC | $755 | 0.34% |
| | LBI | $29,664 | 13.42% |
| Neuberger Berman Select Equities Fund | NB LLC | $363 | 5.53% |
| | LBI | $448 | 6.82% |
| Neuberger Berman Small Cap Growth Fund | NB LLC | $0 | 0% |
| | LBI | $63,170 | 6.15% |
| Neuberger Berman Small and Mid Cap Growth Fund | NB LLC | $0 | 0% |
| | LBI | $2,524 | 9.76% |
| Neuberger Berman Socially Responsive Fund | NB LLC | $48 | 0.00% |
| | LBI | $144,113 | 14.39% |
*The Fund did not commence operations until after August 31, 2008.
C-1
---------------------------------------------------------------------------------
LEHMAN BROTHERS INCOME FUNDS
(Brokerage Commissions paid for fiscal year ended October 31, 2008)
---------------------------------------------------------------------------------
| Fund | Affiliated | Commissions Paid | % of Total |
| | Broker | | Commissions Paid |
| Neuberger Berman California Tax-Free Money Fund | NB LLC | $[____] | [____]% |
| | LBI | $[____] | [____]% |
| Neuberger Berman Core Bond Fund | NB LLC | $[____] | [____]% |
| | LBI | $[____] | [____]% |
| Neuberger Berman High Income Bond Fund | NB LLC | $[____] | [____]% |
| | LBI | $[____] | [____]% |
| Neuberger Berman Municipal Money Fund | NB LLC | $[____] | [____]% |
| | LBI | $[____] | [____]% |
| Neuberger Berman Municipal Securities Trust | NB LLC | $[____] | [____]% |
| | LBI | $[____] | [____]% |
| Neuberger Berman New York Municipal Money Fund | NB LLC | $[____] | [____]% |
| | LBI | $[____] | [____]% |
| Neuberger Berman Short Duration Bond Fund | NB LLC | $[____] | [____]% |
| | LBI | $[____] | [____]% |
| Neuberger Berman Strategic Income Fund | NB LLC | $[____] | [____]% |
| | LBI | $[____] | [____]% |
| Neuberger Berman Cash Reserves | NB LLC | $[____] | [____]% |
| | LBI | $[____] | [____]% |
| Neuberger Berman Government Money Fund* | NB LLC | $0 | 0% |
| | LBI | $0 | 0% |
| Neuberger Berman Tax-Free Money Fund | NB LLC | $[____] | [____]% |
| | LBI | $[____] | [____]% |
*Brokerage Commissions paid for fiscal year ended March 31, 2008.
------------------------------------------------------------------------------------
LEHMAN BROTHERS INSTITUTIONAL LIQUIDITY FUNDS
(Brokerage Commissions paid for fiscal year ended March 31, 2008)
------------------------------------------------------------------------------------
| Fund | Affiliated | Commissions Paid | % of Total |
| | Broker | | Commissions Paid�� |
| Neuberger Berman Treasury Fund | NB LLC | $[____] | [____]% |
| | LBI | $[____] | [____]% |
------------------------------------------------------------------------------------
NEUBERGER BERMAN INSTITUTIONAL LIQUIDITY SERIES
(Brokerage Commissions paid for fiscal year ended March 31, 2008)
------------------------------------------------------------------------------------
| Fund | Affiliated | Commissions Paid | % of Total |
| | Broker | | Commissions Paid |
| Neuberger Berman Institutional Cash Fund | NB LLC | $[____] | [____]% |
| | LBI | $[____] | [____]% |
| Neuberger Berman Prime Money Fund | NB LLC | $[____] | [____]% |
| | LBI | $[____] | [____]% |
C-2
