Neuberger Berman Municipal Impact Fund (NMIIX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with NMIIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NMIIX
NMIIX charges 0.43% annually. There are 86 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | NMIIX vs LSMSX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | NMIIX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | NMIIX vs FHMIX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | NMIIX vs FSMUX | |
| Fidelity Municipal Bond Index Fund | 0.07% | 0.00 | Jul 2019 | NMIIX vs FMBIX |
Best Risk-Adjusted Alternatives to NMIIX
NMIIX has a PortfoliosLab risk / return rank of 55. There are 431 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | NMIIX vs DFABX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | NMIIX vs DNYMX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | NMIIX vs DFCMX | |
| DFA Short Term Municipal Bond Portfolio | 99 | — | Aug 2002 | NMIIX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | NMIIX vs ATOIX |
Top Performing NMIIX Alternatives (YTD)
NMIIX is at 0.12% YTD. There are 477 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 11.65%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 11.65% | — | Apr 1998 | NMIIX vs NMI | |
| Nuveen Virginia Quality Municipal Income Fund | 6.88% | — | Mar 1993 | NMIIX vs NPV | |
| Nuveen New York AMT Free Quality Municipal Income | 6.87% | — | Nov 2002 | NMIIX vs NRK | |
| AllianceBernstein National Municipal Income Fund | 6.20% | — | Nov 2001 | NMIIX vs AFB | |
| BlackRock MuniYield Michigan Quality Fund | 5.14% | — | Oct 1992 | NMIIX vs MIY |
Lowest Volatility Alternatives to NMIIX
NMIIX has 1.93% 1-year volatility. There are 87 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.56% | — | Apr 2022 | NMIIX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | NMIIX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | NMIIX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | NMIIX vs USMTX | |
| DFA Short Term Municipal Bond Portfolio | 0.61% | — | Aug 2002 | NMIIX vs DFSMX |
Lowest Drawdown Alternatives to NMIIX
NMIIX has a 1-year max drawdown of -2.19%. There are 92 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | NMIIX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | NMIIX vs ATOIX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | NMIIX vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | NMIIX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | NMIIX vs TFCYX |
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 | 7 | 6.50% | — | Sep 1988 | NMIIX vs NBGNX | |
| Neuberger Berman MLP | MLPs, Energy Equities | 29 | 21.99% | — | Mar 2013 | NMIIX vs NML | |
| Neuberger Berman Long Short Fund | Long-Short | 19 | 2.34% | — | Dec 2011 | NMIIX vs NLSIX | |
| Neuberger Berman Strategic Income Fund | Multisector Bonds | 40 | 0.76% | — | Jul 2003 | NMIIX vs NSTLX | |
| Neuberger Berman Guardian Fund | Large Cap Growth Equities | 22 | 7.00% | — | Jun 1950 | NMIIX vs NGUAX | |
| Neuberger Berman Large Cap Value Fund | Large Cap Value Equities | 93 | 18.02% | — | Jan 1975 | NMIIX vs NPRTX | |
| Neuberger Berman Mid Cap Growth Fund | Mid Cap Growth Equities | 7 | 11.53% | — | Mar 1979 | NMIIX vs NMANX | |
| Neuberger Berman Next Generation Connectivity Fund | Technology Equities | 36 | 20.04% | — | May 2021 | NMIIX vs NBXG | |
| Neuberger Berman Intrinsic Value Fund | Small Cap Blend Equities | 88 | 24.97% | — | May 2010 | NMIIX vs NINLX | |
| Neuberger Berman Sustainable Equity Fund | Large Cap Blend Equities | 55 | 11.18% | — | Mar 1994 | NMIIX vs NBSRX |
Often Compared With NMIIX
Investors most often compare NMIIX with NBGIX, NQP, FGNSX. These 4 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Neuberger Berman Genesis Fund Institutional Class | Small Cap Growth Equities | 7 | 6.58% | — | Jul 1999 | NMIIX vs NBGIX | |
| Nuveen Pennsylvania Quality Municipal Income | Municipal Bonds | — | — | — | Feb 1991 | NMIIX vs NQP | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | Municipal Bonds | 96 | 0.67% | — | Dec 2017 | NMIIX vs FGNSX | |
| BlackRock MuniHoldings New Jersey Quality Fund | Municipal Bonds | 44 | 4.64% | — | Mar 1998 | NMIIX vs MUJ |
Compare NMIIX with Any Fund or Stock
Compare NMIIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NMIIX with funds that move differently
Neuberger Berman Municipal Impact Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NMIIX.
Explore NMIIX Diversifiers