Neuberger Berman Municipal High Income Fund (NMHIX) belongs to the High Yield Muni category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with NMHIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NMHIX
NMHIX charges 0.52% annually. There are 7 mutual funds in the High Yield Muni category with lower expense ratios, going as low as 0.09%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard High-Yield Tax-Exempt Fund Admiral Shares | 0.09% | 17.80B | Nov 2001 | NMHIX vs VWALX | |
| BlackRock Allocation Target Shares Series E Portfo... | 0.11% | — | Aug 2014 | NMHIX vs BATEX | |
| Vanguard High-Yield Tax-Exempt Fund Investor Share... | 0.17% | 17.80B | Dec 1978 | NMHIX vs VWAHX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.18% | — | May 2007 | NMHIX vs EWHYX | |
| American High-Income Municipal Bond Fund Class F-3 | 0.31% | — | Jan 2017 | NMHIX vs HIMFX |
Best Risk-Adjusted Alternatives to NMHIX
Among 52 mutual funds in the High Yield Muni category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T. Rowe Price Tax Free High Yield Fund | 96 | — | Feb 1985 | NMHIX vs PRFHX | |
| Federated Hermes Municipal High Yield Advtg Fd | 95 | — | Apr 1987 | NMHIX vs FHTFX | |
| Columbia High Yield Municipal Fund | 94 | — | Mar 1984 | NMHIX vs SRHMX | |
| Invesco Short Duration High Yield Municipal Fund | 94 | — | Sep 2015 | NMHIX vs ISHYX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 94 | — | May 2007 | NMHIX vs EWHYX |
Top Performing NMHIX Alternatives (YTD)
Among 52 mutual funds in the High Yield Muni category with YTD return data, the top-performing alternatives shown here go as high as 4.20%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal High Income Opportunity Fund | 4.20% | — | Nov 2003 | NMHIX vs NMZ | |
| Eaton Vance High Yield Municipal Income Fund Class... | 2.53% | — | May 2007 | NMHIX vs EWHYX | |
| Columbia High Yield Municipal Fund | 2.33% | — | Mar 1984 | NMHIX vs SRHMX | |
| Allspring High Yield Municipal Bond Fund | 2.06% | — | Jan 2013 | NMHIX vs WHYIX | |
| T. Rowe Price Tax Free High Yield Fund | 2.05% | — | Feb 1985 | NMHIX vs PRFHX |
Lowest Volatility Alternatives to NMHIX
Among 52 mutual funds in the High Yield Muni category with 1-year volatility data, the lowest-volatility alternatives shown here go as low as 2.13%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Lord Abbett Short Duration High Income Municipal B... | 2.13% | — | Jun 2015 | NMHIX vs SDHIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 2.17% | — | Jan 2013 | NMHIX vs NVHIX | |
| Redwood Managed Municipal Income Fund | 2.27% | — | Mar 2017 | NMHIX vs RWMIX | |
| Invesco Short Duration High Yield Municipal Fund | 2.35% | — | Sep 2015 | NMHIX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | 2.62% | — | May 2013 | NMHIX vs AHYMX |
Lowest Drawdown Alternatives to NMHIX
Among 52 mutual funds in the High Yield Muni category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -1.71%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Eagle Short Duration High Yield Municipal Fu... | -1.71% | — | Feb 2024 | NMHIX vs FDUAX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | -1.79% | — | Jan 2013 | NMHIX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | -1.89% | — | Sep 2015 | NMHIX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | -1.98% | — | May 2013 | NMHIX vs AHYMX | |
| Lord Abbett Short Duration High Income Municipal B... | -2.08% | — | Jun 2015 | NMHIX vs SDHIX |
Other Mutual Funds from Neuberger Berman
The 10 most viewed Neuberger Berman mutual funds shown here include NBGNX, NML, NLSIX and span 11 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Neuberger Berman Genesis Fund | Small Cap Growth Equities | 17 | 12.58% | — | Sep 1988 | NMHIX vs NBGNX | |
| Neuberger Berman MLP | MLPs, Energy Equities | 71 | 28.84% | — | Mar 2013 | NMHIX vs NML | |
| Neuberger Berman Long Short Fund | Long-Short | 12 | 0.35% | — | Dec 2011 | NMHIX vs NLSIX | |
| Neuberger Berman Strategic Income Fund | Multisector Bonds | 37 | -0.16% | — | Jul 2003 | NMHIX vs NSTLX | |
| Neuberger Berman Guardian Fund | Large Cap Growth Equities | 12 | 2.19% | — | Jun 1950 | NMHIX vs NGUAX | |
| Neuberger Berman Large Cap Value Fund | Large Cap Value Equities | 96 | 20.16% | — | Jan 1975 | NMHIX vs NPRTX | |
| Neuberger Berman Next Generation Connectivity Fund | Technology Equities | 11 | 8.28% | — | May 2021 | NMHIX vs NBXG | |
| Neuberger Berman Mid Cap Growth Fund | Mid Cap Growth Equities | 3 | 2.39% | — | Mar 1979 | NMHIX vs NMANX | |
| Neuberger Berman Intrinsic Value Fund | Small Cap Blend Equities | 84 | 19.29% | — | May 2010 | NMHIX vs NINLX | |
| Neuberger Berman Sustainable Equity Fund | Large Cap Blend Equities | 65 | 11.52% | — | Mar 1994 | NMHIX vs NBSRX |
Often Compared With NMHIX
Investors most often compare NMHIX with NBGIX, NHMAX, GHYIX. These 20 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare NMHIX with Any Fund or Stock
Compare NMHIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NMHIX with funds that move differently
Neuberger Berman Municipal High Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NMHIX.
Explore NMHIX Diversifiers