Neuberger Berman Muni Interm Bd Inst (NMNLX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
10.94
+0.04 (0.37%)
At close: Sep 5, 2025
0.37%
Fund Assets187.21M
Expense Ratio0.30%
Min. Investment$1,000,000
Turnover89.00%
Dividend (ttm)0.33
Dividend Yield2.95%
Dividend Growth6.05%
Payout FrequencyMonthly
Ex-Dividend DateAug 29, 2025
Previous Close10.90
YTD Return1.07%
1-Year Return0.98%
5-Year Return1.82%
52-Week Low10.59
52-Week High11.15
Beta (5Y)n/a
Holdings216
Inception DateJun 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.

Fund Family Neuberger Berman
Category Muni National Interm
Stock Exchange NASDAQ
Ticker Symbol NMNLX
Share Class Institutional Class
Index Bloomberg Municipal Bond 7 Y GO TR

Performance

NMNLX had a total return of 0.98% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.32%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

SymbolShare ClassExpense Ratio
NMUIXInvestor Class0.45%
NMNAXClass A0.67%
NMNCXClass C1.42%

Top 10 Holdings

20.23% of assets
NameSymbolWeight
MAIN STR NAT GAS INC GA GAS SUPPLY REV 5%GA.MAIUTL 12.01.20542.87%
NEW YORK N Y 5%NY.NYC 5 10.01.20382.31%
CONNECTICUT ST HEALTH & EDL FACS AUTH REV 2.05%CT.CTSMED 07.01.20362.27%
NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5%NY.NYCGEN 5 05.01.20402.03%
ILLINOIS ST 5%IL.ILS 5 11.01.20272.03%
COOK CNTY ILL SALES TAX REV 5%IL.COOGEN 5 11.15.20311.99%
PENNSYLVANIA ST TPK COMMN OIL FRANCHISE TAX REV 5%PA.PASTRN 5 12.01.20461.86%
DELAWARE ST 5%DE.DES 5 05.01.20281.74%
VIRGINIA ST PUB SCH AUTH SPL OBLIG PRINCE WILLIAM CNTY 5%VA.VASSCD 5 10.01.20351.70%
CENTRAL PLAINS ENERGY PROJ NEB GAS PROJ REV 5%NE.CENPWR 05.01.20541.43%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Aug 29, 2025$0.02705Aug 29, 2025
Jul 31, 2025$0.02713Jul 31, 2025
Jun 30, 2025$0.02797Jun 30, 2025
May 30, 2025$0.02734May 30, 2025
Apr 30, 2025$0.02788Apr 30, 2025
Mar 31, 2025$0.02704Mar 31, 2025
Full Dividend History