NMHIX Alternatives & Similar Mutual Funds

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 5 mutual funds in the High Yield Muni category with lower expense ratios, going as low as 0.11%.

Symbol	Name	Expense Ratio	AUM	Inception
BATEX	BlackRock Allocation Target Shares Series E Portfo...	0.11%	—	Aug 2014	NMHIX vs BATEX
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	0.18%	—	May 2007	NMHIX vs EWHYX
HIMFX	American High-Income Municipal Bond Fund Class F-3	0.31%	—	Jan 2017	NMHIX vs HIMFX
AHMFX	American High-Income Municipal Bond Fund Class F-2	0.42%	—	Aug 2008	NMHIX vs AHMFX
SDHIX	Lord Abbett Short Duration High Income Municipal B...	0.50%	—	Jun 2015	NMHIX vs SDHIX

Best Risk-Adjusted Alternatives to NMHIX

NMHIX has a PortfoliosLab risk / return rank of 51. There are 42 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 92.

Symbol	Name	Risk / Return Rank	AUM	Inception
PRFHX	T. Rowe Price Tax Free High Yield Fund	92	—	Feb 1985	NMHIX vs PRFHX
ISHYX	Invesco Short Duration High Yield Municipal Fund	88	—	Sep 2015	NMHIX vs ISHYX
FHTFX	Federated Hermes Municipal High Yield Advtg Fd	87	—	Apr 1987	NMHIX vs FHTFX
SRHMX	Columbia High Yield Municipal Fund	82	—	Mar 1984	NMHIX vs SRHMX
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	81	—	May 2007	NMHIX vs EWHYX

Top Performing NMHIX Alternatives (YTD)

NMHIX is at 0.48% YTD. There are 49 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 3.70%.

Symbol	Name	YTD Return	AUM	Inception
NMZ	Nuveen Municipal High Income Opportunity Fund	3.70%	—	Nov 2003	NMHIX vs NMZ
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	3.35%	—	May 2007	NMHIX vs EWHYX
NHMFX	Nuveen High Yield Municipal Bond Fund Class R6	3.13%	—	Jun 2016	NMHIX vs NHMFX
NHMRX	Nuveen High Yield Municipal Bond Fund	3.11%	—	Jun 1999	NMHIX vs NHMRX
SRHMX	Columbia High Yield Municipal Fund	3.04%	—	Mar 1984	NMHIX vs SRHMX

Lowest Volatility Alternatives to NMHIX

NMHIX has 2.93% 1-year volatility. There are 8 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 1.97%.

Symbol	Name	Volatility 1Y	AUM	Inception
RWMIX	Redwood Managed Municipal Income Fund	1.97%	—	Mar 2017	NMHIX vs RWMIX
SDHIX	Lord Abbett Short Duration High Income Municipal B...	2.07%	—	Jun 2015	NMHIX vs SDHIX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	2.24%	—	Jan 2013	NMHIX vs NVHIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	2.30%	—	Sep 2015	NMHIX vs ISHYX
TMNIX	Counterpoint Tactical Municipal Fund	2.53%	—	Jun 2018	NMHIX vs TMNIX

Lowest Drawdown Alternatives to NMHIX

NMHIX has a 1-year max drawdown of -2.62%. There are 7 mutual funds in the High Yield Muni category with shallower 1-year drawdowns, going as shallow as -1.80%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	-1.80%	—	Jan 2013	NMHIX vs NVHIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	-1.89%	—	Sep 2015	NMHIX vs ISHYX
AHYMX	abrdn Short Duration High Yield Municipal Fund	-1.98%	—	May 2013	NMHIX vs AHYMX
SDHIX	Lord Abbett Short Duration High Income Municipal B...	-2.08%	—	Jun 2015	NMHIX vs SDHIX
TMNIX	Counterpoint Tactical Municipal Fund	-2.26%	—	Jun 2018	NMHIX vs TMNIX

Other Mutual Funds from Neuberger Berman

The 10 most viewed Neuberger Berman mutual funds shown here include NBGNX, NML, NLSIX and span 10 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
NBGNX	Neuberger Berman Genesis Fund	Small Cap Growth Equities	6	5.92%	—	Sep 1988	NMHIX vs NBGNX
NML	Neuberger Berman MLP	MLPs, Energy Equities	37	22.96%	—	Mar 2013	NMHIX vs NML
NLSIX	Neuberger Berman Long Short Fund	Long-Short	17	1.94%	—	Dec 2011	NMHIX vs NLSIX
NSTLX	Neuberger Berman Strategic Income Fund	Multisector Bonds	38	0.56%	—	Jul 2003	NMHIX vs NSTLX
NGUAX	Neuberger Berman Guardian Fund	Large Cap Growth Equities	19	6.03%	—	Jun 1950	NMHIX vs NGUAX
NPRTX	Neuberger Berman Large Cap Value Fund	Large Cap Value Equities	92	18.08%	—	Jan 1975	NMHIX vs NPRTX
NMANX	Neuberger Berman Mid Cap Growth Fund	Mid Cap Growth Equities	7	10.71%	—	Mar 1979	NMHIX vs NMANX
NBXG	Neuberger Berman Next Generation Connectivity Fund	Technology Equities	34	20.11%	—	May 2021	NMHIX vs NBXG
NINLX	Neuberger Berman Intrinsic Value Fund	Small Cap Blend Equities	83	22.84%	—	May 2010	NMHIX vs NINLX
NBGIX	Neuberger Berman Genesis Fund Institutional Class	Small Cap Growth Equities	6	6.00%	—	Jul 1999	NMHIX vs NBGIX

Often Compared With NMHIX

Investors most often compare NMHIX with NHMAX, RTHAX, SHYTX. These 20 comparison targets span 2 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
NHMAX	Nuveen High Yield Municipal Bond Fund Class A	High Yield Muni	60	3.02%	—	Jun 1999	NMHIX vs NHMAX
RTHAX	Russell Investments Tax-Exempt High Yield Bond Fun...	High Yield Muni	67	2.56%	—	May 2015	NMHIX vs RTHAX
SHYTX	DWS Strategic High Yield Tax	High Yield Muni	59	1.79%	—	Jan 1987	NMHIX vs SHYTX
MMHYX	MFS Municipal High Income Fund	High Yield Muni	72	2.52%	—	Feb 1984	NMHIX vs MMHYX
RFM	RiverNorth Flexible Municipal Income Fund	High Yield Muni	26	7.96%	—	—	NMHIX vs RFM
STMYX	Sierra Tactical Municipal Fund	High Yield Muni	57	1.78%	—	Dec 2018	NMHIX vs STMYX
ORNAX	Invesco Rochester Municipal Opportunities Fund	High Yield Muni	33	1.53%	—	Sep 1993	NMHIX vs ORNAX
AMHIX	American High-Income Municipal Bond Fund	High Yield Muni	76	2.16%	—	Sep 1994	NMHIX vs AMHIX
FQTHX	Franklin Templeton SMACS: Series H	High Yield Muni	75	2.99%	—	Jun 2019	NMHIX vs FQTHX
FRHIX	Franklin High Yield Tax Free Income Fund	High Yield Muni	73	2.70%	—	Mar 1986	NMHIX vs FRHIX
FVCAX	Franklin California High Yield Municipal Fund Advi...	High Yield Muni	73	2.15%	—	May 1993	NMHIX vs FVCAX
ABHYX	American Century High-Yield Municipal Fund	High Yield Muni	65	2.26%	572.53M	Mar 1998	NMHIX vs ABHYX
NBSRX	Neuberger Berman Sustainable Equity Fund	Large Cap Blend Equities	53	10.59%	—	Mar 1994	NMHIX vs NBSRX
GHYIX	Goldman Sachs High Yield Municipal Fund Institutio...	High Yield Muni	56	2.39%	—	Apr 2000	NMHIX vs GHYIX
NSIOX	Nuveen Strategic Municipal Opportunities Fund	High Yield Muni	52	1.63%	—	Dec 2014	NMHIX vs NSIOX
JHTFX	John Hancock High Yield Municipal Bond Fund	High Yield Muni	46	2.76%	—	Dec 1993	NMHIX vs JHTFX
MISHX	AB Municipal Income Shares	High Yield Muni	68	2.04%	—	Aug 2010	NMHIX vs MISHX
CXHYX	Delaware National High-Yield Municipal Bond Fund	High Yield Muni	30	2.50%	—	Sep 1986	NMHIX vs CXHYX
DHMBX	BNY Mellon High Yield Municipal Bond Fund	High Yield Muni	64	2.94%	—	Sep 2005	NMHIX vs DHMBX
GWMEX	AMG GW&K Municipal Enhanced Yield Fund	High Yield Muni	58	2.30%	—	Dec 2005	NMHIX vs GWMEX

Compare NMHIX with Any Fund or Stock

Compare NMHIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

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

Neuberger Berman Municipal High Income Fund (NMHIX) Alternatives