Neuberger Berman Muni Interm Bd Inst (NMNLX)
| Fund Assets | 187.21M |
| Expense Ratio | 0.30% |
| Min. Investment | $1,000,000 |
| Turnover | 89.00% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 2.95% |
| Dividend Growth | 6.05% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 11.05 |
| YTD Return | 2.18% |
| 1-Year Return | 1.99% |
| 5-Year Return | 2.93% |
| 52-Week Low | 10.59 |
| 52-Week High | 11.15 |
| Beta (5Y) | n/a |
| Holdings | 216 |
| Inception Date | Jun 21, 2010 |
About NMNLX
Neuberger Berman Municipal Intermediate Bond Fund Institutional Class is a mutual fund designed to provide investors with high current income that is exempt from federal income tax, targeting capital preservation as a primary goal. The fund primarily invests in intermediate-term municipal bonds issued by state and local governments to finance public projects such as schools, highways, and infrastructure. Its portfolio is diversified across numerous states and municipal sectors, with securities typically having durations between 4.0 and 6.0 years or average maturities of five to twelve years. The management emphasizes a conservative approach with a high-quality credit bias, while environmental, social, and governance (ESG) considerations are integrated into its fundamental credit analysis. The fund is managed by a veteran team with decades of experience in municipal markets, aiming for stability and risk mitigation. This strategy makes the fund significant for institutional investors seeking tax-efficient income and moderate risk in the broader fixed income landscape, as municipal bonds generally feature lower default rates and offer diversification benefits relative to corporate debt and equities.
Performance
NMNLX had a total return of 1.99% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.39%.
Top 10 Holdings
20.23% of assets| Name | Symbol | Weight |
|---|---|---|
| MAIN STR NAT GAS INC GA GAS SUPPLY REV 5% | GA.MAIUTL 12.01.2054 | 2.87% |
| NEW YORK N Y 5% | NY.NYC 5 10.01.2038 | 2.31% |
| CONNECTICUT ST HEALTH & EDL FACS AUTH REV 2.05% | CT.CTSMED 07.01.2036 | 2.27% |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5% | NY.NYCGEN 5 05.01.2040 | 2.03% |
| ILLINOIS ST 5% | IL.ILS 5 11.01.2027 | 2.03% |
| COOK CNTY ILL SALES TAX REV 5% | IL.COOGEN 5 11.15.2031 | 1.99% |
| PENNSYLVANIA ST TPK COMMN OIL FRANCHISE TAX REV 5% | PA.PASTRN 5 12.01.2046 | 1.86% |
| DELAWARE ST 5% | DE.DES 5 05.01.2028 | 1.74% |
| VIRGINIA ST PUB SCH AUTH SPL OBLIG PRINCE WILLIAM CNTY 5% | VA.VASSCD 5 10.01.2035 | 1.70% |
| CENTRAL PLAINS ENERGY PROJ NEB GAS PROJ REV 5% | NE.CENPWR 05.01.2054 | 1.43% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.02705 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02713 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02797 | Jun 30, 2025 |
| May 30, 2025 | $0.02734 | May 30, 2025 |
| Apr 30, 2025 | $0.02788 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02704 | Mar 31, 2025 |