As filed with the Securities and Exchange Commission on May 24, 2013

1933 Act Registration No. 333-122847

1940 Act Registration No. 811-21715

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM N-1A

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933				[ X ]
	Pre-Effective Amendment No.		[    ]
	Post-Effective Amendment No.	28	[ X ]
and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940				[ X ]
	Amendment No.	30	[ X ]

(Check appropriate box or boxes)

Neuberger Berman Alternative Funds

 (Exact Name of Registrant as Specified in Charter)

c/o Neuberger Berman Management LLC

605 Third Avenue, 2nd Floor

New York, New York 10158-0180

(Address of Principal Executive Offices)

Registrant’s Telephone Number, including Area Code:  (212) 476-8800

Robert Conti

Chief Executive Officer and President

Neuberger Berman Alternative Funds

c/o Neuberger Berman Management LLC

605 Third Avenue, 2nd Floor

New York, New York 10158-0180

(Name and Address of Agent for Service)

With copies to:

Arthur C. Delibert, Esq.

K&L Gates LLP

1601 K Street, N.W.

Washington, D.C.  20006-1600

___________________________________

Approximate Date of Proposed Public Offering: Continuous

It is proposed that this filing will become effective (check appropriate box):

X	immediately upon filing pursuant to paragraph (b)
	on ____________  pursuant to paragraph (b)
	60 days after filing pursuant to paragraph (a)(1)
	on ____________  pursuant to paragraph (a)(1)
	75 days after filing pursuant to paragraph (a)(2)
	on ____________  pursuant to paragraph (a)(2)

If appropriate, check the following box:

this post-effective amendment designates a new effective date for a previously filed post-effective amendment.

This amendment is being filed solely to submit in interactive data format exhibits containing risk/return summary information that is identical to the risk/return summary information contained in the Registrant’s prospectus for the following classes of the following fund, which was filed with the Securities and Exchange Commission on May 10, 2013, in Post-Effective Amendment No. 27 to the Registrant’s registration statement:

Title of Securities Being Registered:  Class A, Class C and Institutional Class shares of Neuberger Berman Flexible Select Fund.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended (the “1933 Act”), and the Investment Company Act of 1940, as amended, the Registrant certifies that it meets all of the requirements for effectiveness of this registration statement under Rule 485(b) under the 1933 Act and has duly caused this Post-Effective Amendment No. 28 to its Registration Statement on Form N-1A to be signed on its behalf by the undersigned, thereunto duly authorized, in the City and State of New York on the 24th day of May, 2013.

NEUBERGER BERMAN ALTERNATIVE FUNDS
By:	/s/ Robert Conti
Name:	Robert Conti
Title:	President and Chief Executive Officer

Pursuant to the requirements of the 1933 Act, Post-Effective Amendment No. 28 has been signed below by the following persons in the capacities and on the dates indicated.

Signature	Title	Date
/s/ Robert Conti	President, Chief Executive Officer and Trustee	May 24, 2013
Robert Conti
/s/ John M. McGovern	Treasurer and Principal Financial and Accounting Officer	May 24, 2013
John M. McGovern
/s/ Joseph V. Amato	Trustee	May 24, 2013
Joseph V. Amato*
/s/ Faith Colish	Trustee	May 24, 2013
Faith Colish*
/s/ Martha C. Goss	Trustee	May 24, 2013
Martha C. Goss*
/s/ Michael M. Knetter	Trustee	May 24, 2013
Michael M. Knetter*
/s/ Howard A. Mileaf	Trustee	May 24, 2013
Howard A. Mileaf*
/s/ George W. Morriss	Trustee	May 24, 2013
George W. Morriss*
/s/ Jack L. Rivkin	Trustee	May 24, 2013
Jack L. Rivkin*
/s/ Tom D. Seip	Chairman of the Board and Trustee	May 24, 2013
Tom D. Seip*
/s/ Candace L. Straight	Trustee	May 24, 2013
Candace L. Straight*
/s/ Peter P. Trapp	Trustee	May 24, 2013
Peter P. Trapp*

 *Signatures affixed by Arthur C. Delibert on May 24, 2013 pursuant to a power of attorney filed with Post-Effective Amendment No. 6 to Registrant’s Registration Statement on Form N-1A, File Nos. 333-122847 and 811-21715 on October 15, 2010.

NEUBERGER BERMAN ALTERNATIVE FUNDS

EXHIBIT INDEX

Exhibit	Description
EX-101.INS	XBRL Instance Document
EX-101.SCH	XBRL Taxonomy Extension Schema Document
EX-101.DEF	XBRL Taxonomy Extension Definition Linkbase
EX-101.LAB	XBRL Taxonomy Extension Labels Linkbase
EX-101.PRE	XBRL Taxonomy Extension Presentation Linkbase