EXHIBIT D-2
FEES PAID TO NB MANAGEMENT
(Pursuant to Management, Administration and Distribution Agreements
between the Trust on behalf of each Fund and NB Management)
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NEUBERGER BERMAN EQUITY FUNDS
(fees paid under each agreement for fiscal year ended August 31, 2008)
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Fund | Management | Class | Administration | Distribution |
| Fee | | Fee | Fee |
Neuberger Berman Century Fund | $61,814 | Investor | $29,223 | [$0] |
Neuberger Berman Climate Change Fund | $6,297 | Institutional | $1,116 | [$0] |
| | A | $[____] | $[____] |
| | C | $[____] | $[____] |
Neuberger Berman Emerging Markets Equity Fund* | N/A | Institutional | N/A | N/A |
| | A | N/A | N/A |
| | C | N/A | N/A |
Neuberger Berman Equity Income Fund | $6,794 | Institutional | $1,881 | [$0] |
| | A | $[____] | $[____] |
| | C | $[____] | $[____] |
Neuberger Berman Focus Fund | $4,969,342 | Investor | $2,320,048 | [$0] |
| | Trust | $226,898 | $56,735 |
| | Advisor | $79,305 | $49,569 |
Neuberger Berman Genesis Fund | $76,273,355 | Investor | $5,419,863 | [$0] |
| | Trust | $19,037,236 | [$0] |
| | Advisor | $2,236,218 | $1,397,666 |
| | Institutional | $6,210,318 | [$0] |
Neuberger Berman Guardian Fund | $7,242,011 | Investor | $3,532,177 | [$0] |
| | Trust | $450,673 | $112,671 |
| | Advisor | $3,816 | $2,385 |
Neuberger Berman International Fund | $9,230,732 | Investor | $1,403,528 | [$0] |
| | Trust | $2,433,992 | [$0] |
Neuberger Berman International Institutional Fund | $4,201,850 | Institutional | $753,870 | [$0] |
Neuberger Berman International Large Cap Fund | $1,054,798 | Trust | $219,771 | $54,943 |
| | Institutional | $205,265 | [$0] |
| | A | $[____] | $[____] |
| | C | $[____] | $[____] |
Neuberger Berman Large Cap Disciplined Growth | $9,199 | Institutional | $2,524 | [$0] |
Fund | | A | $[____] | $[____] |
| | C | $[____] | $[____] |
Neuberger Berman Mid Cap Growth Fund | $2,543,830 | Investor | $1,130,351 | [$0] |
| | Trust | $50,913 | [$0] |
| | Advisor | $9,760 | $6,097 |
| | Institutional | $34,422 | $0 |
Neuberger Berman Partners Fund | $18,671,438 | Investor | $6,013,611 | [$0] |
| | Trust | $4,451,177 | $1,112,843 |
| | Advisor | $2,373,077 | $1,483,203 |
| | Institutional | $226,808 | [$0] |
Neuberger Berman Real Estate Fund | $467,931 | Trust | $233,273 | $58,319 |
| | Institutional | $263 | [$0] |
Neuberger Berman Regency Fund | $755,161 | Investor | $217,658 | [$0] |
| | Trust | $214,341 | $53,581 |
Neuberger Berman Select Equities Fund | $8,513 | Institutional | $2,330 | [$0] |
| | A | $[____] | $[____] |
| | C | $[____] | $[____] |
D-3
Fund | Management | Class | Administration | Distribution |
| Fee | | Fee | Fee |
Neuberger Berman Small Cap Growth Fund | $1,454,680 | Investor | $350,407 | [$0] |
| | Trust | $99,075 | $24,767 |
| | Advisor | $39,392 | $24,624 |
| | Institutional | $2,720 | [$0] |
Neuberger Berman Small and Mid Cap Growth Fund | $46,946 | Trust | $34,142 | $8,535 |
Neuberger Berman Socially Responsive Fund | $6,009,872 | Investor | $2,051,922 | [$0] |
| | Trust | $1,454,204 | $363,569 |
| | Institutional | $65,961 | [$0] |
*The Fund did not commence operations until after August 31, 2008.
D-4
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LEHMAN BROTHERS INCOME FUNDS
(fees paid under each agreement for fiscal year ended October 31, 2008)
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Fund | Management | Class | Administration | Distribution |
| Fee | | Fee | Fee |
Neuberger Berman California Tax-Free Money Fund* | - | Investor | - | - |
| - | Reserve | - | - |
Neuberger Berman Cash Reserves | [$______] | Investor | [$______] | [$______] |
Neuberger Berman Core Bond Fund | [$______] | Investor | [$______] | [$______] |
| | Institutional | [$______] | [$______] |
| | A | [$______] | [$______] |
| | C | [$______] | [$______] |
Neuberger Berman Government Money Fund** | [$______] | Investor | [$______] | [$______] |
Neuberger Berman High Income Bond Fund | [$______] | Investor | [$______] | [$______] |
Neuberger Berman Municipal Money Fund | [$______] | Investor | [$______] | [$______] |
Neuberger Berman Municipal Securities Trust | [$______] | Investor | [$______] | [$______] |
Neuberger Berman New York Municipal Money Fund | [$______] | Investor | [$______] | [$______] |
Neuberger Berman Short Duration Bond Fund | [$______] | Investor | [$______] | [$______] |
| | Trust | [$______] | [$______] |
Neuberger Berman Strategic Income Fund | [$______] | Trust | [$______] | [$______] |
| | Institutional | [$______] | [$______] |
| | A | | [$______] |
| | C | | [$______] |
Neuberger Berman Tax-Free Money Fund | [$______] | Reserve | [$______] | [$______] |
* Neuberger Berman California Tax-Free Money Fund commenced operations December 27, 2007.
** Fees paid for fiscal year ended March 31, 2008.
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LEHMAN BROTHERS INSTITUTIONAL LIQUIDITY FUNDS
(fees paid under each agreement for fiscal year ended March 31, 2008)
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Fund | Management | Class | Administration | Distribution |
| Fee | | Fee | Fee |
Neuberger Berman Treasury Fund | [$______] | Institutional | [$______] | [$______] |
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NEUBERGER BERMAN INSTITUTIONAL LIQUIDITY SERIES
(fees paid under each agreement for fiscal year ended March 31, 2008)
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Fund | Management | Class | Administration | Distribution |
| Fee | | Fee | Fee |
Neuberger Berman Institutional Cash Fund | [$______] | Trust | [$______] | [$______] |
Neuberger Berman Prime Money Fund | [$______] | Trust | [$______] | [$______] |
D-5