About NMHIX
Neuberger Berman Municipal High Income Fund Institutional Class is a mutual fund focused on providing a high level of tax-exempt income to investors by primarily investing in municipal bonds. These bonds are issued by U.S. states, local governments, and territories to finance public projects such as hospitals, schools, infrastructure, and transportation systems. The fund sources income that is generally exempt from federal income taxes, making it especially appealing for investors seeking tax-efficient returns. It invests in a diversified portfolio of both investment grade and high-yield (non-investment grade) municipal securities, aiming to balance attractive yield opportunities with risk management through fundamental credit analysis and a research-driven approach. Portfolio management is supported by an experienced team averaging over 25 years in the municipal market, and environmental, social, and governance (ESG) considerations are integrated into the investment process. As an institutional class fund, it is tailored for larger investors and institutions, offering potentially lower fees compared to other share classes. The fund's role in the market centers on delivering steady, tax-advantaged income and portfolio diversification, often acting as a conservative component in fixed income allocations for investors subject to higher tax rates.
Fund Family Neuberger Berman
Category High Yield Muni
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol NMHIX
Share Class Institutional Class
Index Index is not available on Lipper Database
NMHIX had a total return of 5.12% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.78%.
