About NMIIX
The Neuberger Berman Municipal Impact Fund Institutional Class is a diversified mutual fund specializing in municipal fixed income securities. Its primary purpose is to provide high current income that is exempt from federal income tax by investing at least 80% of its assets in municipal bonds. These bonds finance projects across the United States that target positive environmental and social outcomes, supporting sustainable communities, infrastructure, and public services. The fund holds no restriction on the maturity, duration, or credit rating of its investments—which include a mix of investment grade, below investment grade, and unrated municipal debt—enabling broad diversification among issuers, regions, and bond types. The fund integrates environmental, social, and governance (ESG) criteria into its investment process and is notable for its focus on bonds aligned with the United Nations Sustainable Development Goals. With a low expense ratio and a monthly income distribution, this fund serves institutional investors seeking tax-efficient income, portfolio diversification, and exposure to impact-oriented municipal securities in the U.S. market.
Fund Family Neuberger Berman
Category Muni National Interm
Performance Rating Below Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol NMIIX
Share Class Institutional Class
Index Bloomberg Municipal Bond TR
NMIIX had a total return of 4.81% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.54%.
