Neuberger Berman Municipal Impact A (NIMAX)
| Fund Assets | 78.93M |
| Expense Ratio | 0.80% |
| Min. Investment | $1,000 |
| Turnover | 69.00% |
| Dividend (ttm) | 0.41 |
| Dividend Yield | 2.49% |
| Dividend Growth | 12.80% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 16.34 |
| YTD Return | 1.52% |
| 1-Year Return | 1.52% |
| 5-Year Return | -1.16% |
| 52-Week Low | 15.62 |
| 52-Week High | 16.40 |
| Beta (5Y) | n/a |
| Holdings | 121 |
| Inception Date | Jun 19, 2018 |
About NIMAX
Neuberger Berman Municipal Impact Fund Class A is an actively managed mutual fund focused on U.S. municipal bonds that finance projects with measurable social and environmental benefits. The strategy seeks federally tax‑exempt income and capital preservation by investing primarily in investment‑grade municipal securities across sectors such as education, housing, water and wastewater infrastructure, transportation, and essential public services. The fund integrates impact and ESG criteria into security selection, targeting use‑of‑proceeds bonds that support sustainable communities and align with recognized frameworks like the UN Sustainable Development Goals. Portfolio risk is managed through diversified credit exposure and intermediate interest‑rate sensitivity, with duration typically positioned in the medium range for the muni market. Managed by a dedicated municipal team at Neuberger Berman, the fund aims to balance credit quality, yield, and impact outcomes while maintaining broad national exposure rather than single‑state concentration. Class A shares carry a front‑load structure and ongoing distribution fees, reflecting their retail share class design. This vehicle serves investors seeking tax‑efficient income and documented community impact within a diversified fixed income allocation.
Performance
NIMAX had a total return of 1.52% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.83%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
15.50% of assets| Name | Symbol | Weight |
|---|---|---|
| PHILADELPHIA PA REDEV AUTH REV 5% | PA.PHIDEV 5 04.15.2030 | 2.05% |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV 5% | GA.MAIUTL 06.01.2055 | 1.92% |
| NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5.25% | NY.NYCUTL 5.25 06.15.2054 | 1.63% |
| SALES TAX SECURITIZATION CORP ILL 4% | IL.STSGEN 4 01.01.2042 | 1.54% |
| DILLON CNTY S C SCH FACS CORP CTFS PARTN 5% | SC.DILEDU 5 12.01.2026 | 1.49% |
| DALLAS TEX INDPT SCH DIST 5% | TX.DALSCD 5 02.15.2034 | 1.43% |
| MISSOURI ST HEALTH & EDL FACS AUTH EDL FACS REV 3.65% | MO.MOSMED 10.01.2035 | 1.36% |
| WILDWOOD UTIL DEPENDENT DIST FLA UTIL REV 5% | FL.WDDUTL 5 10.01.2034 | 1.36% |
| WARREN CNTY KY BRD ED 5% | KY.WAREDU 5 12.01.2029 | 1.36% |
| ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV 5.25% | AL.ESDPWR 07.01.2054 | 1.36% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 30, 2025 | $0.03487 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03419 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03415 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03547 | Jun 30, 2025 |
| May 30, 2025 | $0.03432 | May 30, 2025 |
| Apr 30, 2025 | $0.03511 | Apr 30, 2025 |