Neuberger Berman Municipal Impact Fund (NMIIX)
The fund normally invests at least 80% of its net assets in securities of municipal issuers that provide interest income that is exempt from federal income tax and other investments that provide investment exposure to such securities; however, the fund may invest without limit in municipal securities the interest on which may be an item of tax preference for purposes of the federal alternative minimum tax.
Fund Info
| ISIN | US64128K5873 |
|---|---|
| CUSIP | 64128K587 |
| Issuer | Neuberger Berman |
| Inception Date | Mar 10, 2013 |
| Category | Municipal Bonds |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
NMIIX features an expense ratio of 0.43%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Neuberger Berman Municipal Impact Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Neuberger Berman Municipal Impact Fund had a return of 2.09% year-to-date (YTD) and 6.57% in the last 12 months. Over the past 10 years, Neuberger Berman Municipal Impact Fund had an annualized return of 1.80%, while the S&P 500 had an annualized return of 10.85%, indicating that Neuberger Berman Municipal Impact Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.09% | 17.79% |
| 1 month | 0.90% | 0.18% |
| 6 months | 2.47% | 7.53% |
| 1 year | 6.57% | 26.42% |
| 5 years (annualized) | 0.80% | 13.48% |
| 10 years (annualized) | 1.80% | 10.85% |
Monthly Returns
The table below presents the monthly returns of NMIIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.28% | 0.09% | -0.10% | -0.89% | -0.27% | 1.36% | 0.84% | 0.72% | 2.09% | ||||
| 2023 | 2.46% | -2.51% | 1.97% | -0.32% | -1.01% | 0.80% | 0.18% | -0.93% | -2.25% | -0.96% | 5.10% | 2.01% | 4.37% |
| 2022 | -2.53% | -0.49% | -2.90% | -2.62% | 1.50% | -1.26% | 2.43% | -2.27% | -3.25% | -0.48% | 3.59% | 0.28% | -7.98% |
| 2021 | 0.48% | -1.46% | 0.42% | 0.71% | 0.24% | 0.20% | 0.58% | -0.16% | -0.72% | -0.05% | 0.57% | 0.04% | 0.85% |
| 2020 | 1.55% | 0.92% | -2.55% | -0.74% | 2.95% | 0.19% | 1.12% | -0.29% | 0.02% | -0.19% | 1.05% | 0.28% | 4.30% |
| 2019 | 0.91% | 0.56% | 1.20% | 0.15% | 1.29% | 0.43% | 0.76% | 1.21% | -0.65% | 0.13% | 0.14% | 0.21% | 6.52% |
| 2018 | -1.08% | -0.33% | 0.18% | -0.43% | 0.71% | 0.12% | 0.24% | 0.11% | -0.64% | -0.50% | 1.20% | 1.42% | 0.97% |
| 2017 | 0.54% | 0.48% | 0.06% | 0.71% | 1.28% | -0.33% | 0.76% | 0.45% | -0.66% | 0.01% | -0.73% | 0.76% | 3.37% |
| 2016 | 1.20% | 0.08% | 0.18% | 0.64% | 0.07% | 1.31% | 0.12% | 0.01% | -0.26% | -0.79% | -3.16% | 0.78% | 0.10% |
| 2015 | 1.61% | -1.13% | 0.31% | -0.53% | -0.08% | -0.19% | 0.55% | 0.26% | 0.66% | 0.21% | 0.32% | 0.47% | 2.45% |
| 2014 | 1.81% | 0.91% | 0.01% | 1.00% | 1.05% | -0.10% | 0.19% | 1.17% | 0.09% | 0.65% | 0.03% | 0.32% | 7.35% |
| 2013 | -2.47% | -0.48% | -1.13% | 2.15% | 0.75% | -0.40% | -0.38% | -2.01% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of NMIIX is 59, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Neuberger Berman Municipal Impact Fund (NMIIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Neuberger Berman Municipal Impact Fund granted a 2.52% dividend yield in the last twelve months. The annual payout for that period amounted to $0.42 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.42 | $0.35 | $0.28 | $0.32 | $0.40 | $0.50 | $0.42 | $0.41 | $0.58 | $0.47 | $0.45 | $0.32 |
Dividend yield | 2.52% | 2.13% | 1.77% | 1.81% | 2.22% | 2.82% | 2.47% | 2.38% | 3.41% | 2.64% | 2.56% | 1.87% |
Monthly Dividends
The table displays the monthly dividend distributions for Neuberger Berman Municipal Impact Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.28 | |||
| 2023 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.28 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.06 | $0.32 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.10 | $0.40 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.12 | $0.50 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.42 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.41 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.22 | $0.58 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.07 | $0.47 |
| 2014 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.08 | $0.45 |
| 2013 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.07 | $0.32 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Neuberger Berman Municipal Impact Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Neuberger Berman Municipal Impact Fund was 11.95%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Neuberger Berman Municipal Impact Fund drawdown is 2.26%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -11.95% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -9.81% | Mar 10, 2020 | 9 | Mar 20, 2020 | 89 | Jul 28, 2020 | 98 |
| -4.54% | Jul 7, 2016 | 104 | Dec 1, 2016 | 173 | Aug 10, 2017 | 277 |
| -4.44% | Jun 4, 2013 | 66 | Sep 5, 2013 | 113 | Feb 18, 2014 | 179 |
| -2.68% | Sep 11, 2017 | 274 | Oct 10, 2018 | 53 | Dec 27, 2018 | 327 |
Volatility
Volatility Chart
The current Neuberger Berman Municipal Impact Fund volatility is 0.34%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.